Does the entire thing have a price in market
Does the entire thing have a price? Are there several things you would not perform regardless of price? (Keep in mind that prices and money is not synonyms; here prices may be nonmonetary.)
Does the entire thing have a price? Are there several things you would not perform regardless of price?
(Keep in mind that prices and money is not synonyms; here prices may be nonmonetary.)
Expert
Even though not the whole thing has a monetary price, virtually each choice has an economic cost. Anybody will do virtually anything when the alternative is sufficiently horrible or say costly.
The four fundamental categories for economic resources are: (w) matter, energy, technology and information. (x) wages, rent, interest and profits. (y) land, labor, capital and entrepreneurship. (z) machinery, energy, workers and government.
The system in which the government acts as the trustee for all members of society by owning most of the nonhuman resources is: (1) The market system. (2) Capitalism. (3) Decentralized (4). Socialism. Can someone please help me in f
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Economic policy matters are usually: (w) simply resolved by positive analysis alone. (x) normative, but workable solutions based on positive analysis. (y) either strictly macroeconomic, or strictly microeconomic. (z) better resolved using common sense
Hello guys please explain to how study of economics is broadly focused: (w) firms operate, (x) consumers make a decision what to buy, (y) Scarce resources are allocated to satisfy human requirements and (z) Resource ownership finds out the distribution of wealth and i
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