Meaning of economic

Q: When managing time, consumers should consider time as if it were: (a) money or a scare resource (b)…

A: Having a resource that is scarce, including money and also time, is something that will be of…

Q: Circular flow

A: Circular flow: - a circular flow of income shows the exchange of money, resources, goods, and…

Q: GST was first introduced in which country ?

A: GST was introduced in many countries to reduce the tax evasion.

Q: definition of products, goods and services

A: TO understand the definition of these terms, we need to understand that goods and products are used…

Q: Name any two types of consumption goods with examples

A: Those goods which have the tendency to satisfy the wants of the consumer are said to be as Consumer…

Q: Think back to a major purchase that you made recently. How would you describe your thinking before…

A: The answer to the above question is as follows :

Q: What is the sequence of events in a literary work?

A: Being able to be able to identify the event components like the beginning, middle, and end is known…

Q: What might the impact of a flat world be on your standard of living?

A: When talking about flat world, it refers to the changing scenario of markets of different nations…

Q: Factor of production

A: Factors of production are those which are used in the production process.

Q: Give 5 benefits of why frugality is important

A: Selecting quality over money, or not spending money at all, is part of being thrifty. You'll have…

Q: What is home economic

A: Economics is a part/branch of the social-science in which we worried about the consumption,…

Q: What is meant by the term cost of living? Define and explain it.

A: Cost of living is a way to calculate the minimum amount of money required to cover basic need of an…

Q: What is produce.?

A: Let's think about the first issue: which goods should be produced, and in what quantities? Producing…

Q: business

A: Being business minded implies being able to see that there always exists a better way. It is the…

Q: Please explain each question

A: The aggregate demand curve shows the negative relationship between the price level and the total…

Q: Economic

A: The given table is:

Q: Definition of micro

A: In economics we study the decision of societies in the condition of scarcity, people has to choose…

Q: economic activities which are undertaken within the household

A: Economic activities involve buying, selling, production, manufacture. Any economic activity has a…

Q: solve

A: The simple interest rate is calculated by using the following formula: SI=P×R×T100 where, SI is the…

Q: What is land property

A: Land: It refers to the asset of the people. More land with the people shows that are rich. The less…

Q: In the world of economics, this is a very powerful term that can make or break relationships,…

A: There are different factors that can contribute to making or breaking relationships, businesses,…

Q: Optimizing economic agents use the real interest rate when thinking about the economic costs and…

A:

Q: What is the definition of economic

A: Microeconomics is the discipline of economics that studies how people and businesses react to…

Q: What is Present-Worth Comparison?

A: In the present worth comparison ,  present value of the cash flows of all the  alternative options…

Q: You are choosing between buying a home or continuing to rent. You value the home at $1,000,000 (one…

A: Answer: The buyer values the house at $1,000,0000. So, Willingness to pay = $1,000,000 Cost of house…

Q: write notes on the following discussion, 1. Research information about innovative leadership.

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: What is the solution to the attached?

A: OPTION A - Marginal Propensity to Consume MPC = Change in Consumption/Change in Income MPC = ∆C/∆Y…

Q: Discuss the importance of services to the economy

A: Economy is the inter connection of different economic activities such as production, planning,…

Q: Can profits exceed value added?

A: Value added in economics refers to the term that expresses the difference between the value of goods…

Q: he ability of forests to reduce soil erosion is an example of what type of economic value? O…

A: The non use value is not associated with direct use of environmental resources.

Q: A MEASURE OF HOW WELL AN ECONOMY PERFORMS IN TERMS OF PRODUCING GOODS AND SERVICES THAT MEET THE…

A: Economic performance depicts the accomplishment of financial targets either for a firm or for the…

Q: How did economic change and urbanization affect family life?

A: Contrary to popular belief, urbanization is considered just as much a social as an economic…

Q: What is good and services

A: Economics is the study of individual behavior and concern with how they earn their living in the…

Q: Can you please answer the next few parts to this question?

A: To find the equilibrium outputs we solve the reaction functions of both the firms simultaneously.…

Q: Why is it important to use Cash Flows in Economic Analysis?

A: The cash flow can be defined as the total volume of money which is transferred in and out of…

Q: Why Do We Need to Use Cash Flows in Economic Analysis?

A: Cash flow is the movement (inflow and out flow) of cash or amount of cash that received or spend…

Q: Prepare 5 important points for the article

A: The above article analyses the impact of digitization on the labor market. It initially talks about…

Q: Households sell their in the market. They then use their income to buy in the market. O A. factors…

A: household is seller of factor services in market like labor , land etc so here we can choose the…

Q: Importance of business?

A: Production refers to the process by which goods and services are produced or manufactured or…

Q: susan decision about how much income to save is it microeconomics or macroeconomics and provide a…

A: Microeconomics is the study of the economic behavior of particular economic elements and factors.…

Q: Essential Skills are needed for O Resume and cover letter creation. O work, learning, and life. O…

A: This is MCQ question related to essential skills

Q: Need urgently What might the impact of a flat world be on your standard of living?

A: The impacts of flat world on the standard of living are as follows :-

Q: how many days in a year

A: One calendar common year has 365 days

Q: Kayla has a business making steel ornamental lawn statues. The machine she uses to join pieces of…

A: There are 4 types of productive resources namely land, labour, capital & entrepreneurship. These…