what can the government do to provide awareness and knowledge about people who are not literate in economics or don't have background on it?

Q: Why should policymakers think about incentives?

A: The incentives refer to the extra income given to the people who had worked for additional hours. In…

Q: Land only Is a free gift of nature

A: To find: What is land.

Q: Differentiate between classical and neo-classical economics.

A: "Classical" and "neoclassical" are the names for two philosophical approaches to economics. As the…

Q: How business schools can improve the quality of education to produce and nourish good business…

A: Business schools are the major sources of making leaders for the future for the corporate world,…

Q: Why do business people study economics?

A: Demand for a good refers to the quantity of that good with the consumers are willing and able to…

Q: Why do economists sometimes offer conflicting advice to policymaker?

A: The economics is mainly theory-based and its principles and concept are based on assumptions which…

Q: Describe the public policy cycle? Support your answer with examples.

A: The course of public approach has various stages which communicate in a powerful manner:…

Q: Is there a need for the government to talk about Economics in layman's term? Justify and explain.

A: Government. in general, is known as the authority that is meant to make major decisions regarding…

Q: Need

A: The great reset program by the Klaus Schwann is based on three components .  1. stakeholder economy…

Q: How Many decisions in business and economics require quantitative estimates? why ?

A: Almost every business and economic decision requires quantitative research. Data is very important…

Q: Ralph Waldo Emerson once wrote: “Want is a growing giant whom the coat of have was never large…

A: Economics is a branch of social science which studies the economic agents’ behaviour and their…

Q: John Maynard Keynes

A: John Maynard Keynes is the father of Keynesian economics. He gave the short-run mechanism of…

Q: How can studying economics help you as a student?

A: Studying economics can help students by exposing them to theoretical approaches within the field of…

Q: Planning is said to be more than just the formulation of quantitative economic targets. It is often…

A: The process of thinking about the tasks that is necessary to attain a desired objective is known as…

Q: Explain the role of science in policymaking

A: Scientists who specialise in the realm of public policy can assist government agencies in…

Q: How the study of history of economics help people in their daily life

A: Economics is related to many aspects of the world. Various countries in the world are carrying out…

Q: Importance concepts of economics?

A: The important concept of economics are Market interest:-  It is one of the essential financial ideas…

Q: Identify and define the two branches of economics

A: Economics:- Economics can be defined as the subject that studies the production, consumption and…

Q: According to Adam Smith who should manage the economy for the nation? Why?

A: An economy refers to the management of the country's money, trade activities, industrial…

Q: Give an example of something that is an economic good for one person and a financial bad for someone…

A: Financial things are the ones that mainly focus on wealth and its maximization. Economic thing…

Q: As you read about global economics, complete the chart by filling in the cause or effect

A: Simply said, globalization is the linking of various regions of the globe.Globalization is described…

Q: mic

A: The science which studies how people tend to interact with each other along with the prospects of…

Q: Why is it important for a good economic model topredict cause and effect?

A: Cause and effect refers to the relationship between two events in a way that the occurrence of one…

Q: ow well do  ordinary people and  corporate executives conform to the way neo-classical economic…

A: Neo classical theory assumes that market forces of demand and supply are responsible for market…

Q: who is Thomas Malthus ?

A: Thomas Malthus was an (English) economist and demographer who was known for his theory on the…

Q: If a politician says that she thinks that healthcare is a basic human right, she is make a ...…

A: Positive statement is the statement that tells as it is. For example, the inflation in the economy…

Q: The following parts of government regularly rely onthe advice of economists:a. Department of…

A: Economists are those experts who study the association between the resources of a society and its…

Q: The study of economics is very important because it

A: According to the OECD (Organisation for Economic Co-operation and Development), unemployment is…

Q: what was the economic event and how did you solve the problem

A: Every one of the events which can be estimated as far as cash are named economic events and are…

Q: How well do A) ordinary people and B) corporate executives conform to the way neo-classical economic…

A: Considering the Neo-classical economic theory, initially talking about the ordinary people, the…

Q: What role of government do you think is the most important from an economic perspective and why?

A: In a market economy, there exists an economic role for government where the benefits of the policy…

Q: Who wrote the book The World is Flat Select one: O a. Thomas Friedman

A: For the given question, the author of the book the world is flat need to be answered.

Q: what are the four structures in  economics

A: In economics, market structure refers to how different industries are classed and distinguished…

Q: Why is the study of economics important to democracy and why is it important for society to have an…

A: ExplanationEconomics is a subject that deals with the relationship between individuals who are…

Q: Why did classical liberals argue against creating a welfare state?

A: In economics and social aspects, liberalism refers to the ideology according to which people accept…

Q: What does poor infrastructure mean in economics? Explain thoroughly and provide examples

A: Infrastructure is a critical component of economic development. It increases productivity and…

Q: How is having quality education a necessity in either creating a sustainable city or in living in a…

A: In an economy, education is considered as one of the drivers of economic and social development as…

Q: What’s a economic example

A: Demand is the total quantity of goods buyers are willing to purchase at a different level of prices.

Q: what is the key difference between classical economic and Pre-classical economics?

A: Classical economics which was earlier known to be the part of political section is a school of…

Q: name three parts of the government that regularly rely on the advice from the economists

A: The economies as a study involves the decision making process, where various entities in the economy…

Q: What role of government do you thỉnk is the most important from an economic perspective and why?

A: The economics as a study is associated with the use of resources, where the resources with the…

Q: List 5 important of economics

A: Answer: The study of economics enables us to reach the conclusion of a problem on the basis of data…

Q: The single biggest item state and local spending is spent on is  its only one option    a.…

A: According to the government budget survey, the state and local government expenditure fall under the…