Freedom is to some extent illusory
Illustrate “freedom is to some extent illusory”?
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The freedom is to some extent illusory, because if producers ignored consumer wishes, they would likely suffer losses and eventually find themselves with no income or means to support themselves. If consumers make choices that ignore their own income potential, they, too, will soon find themselves unable to buy even the basic necessities. Personal freedom exists only in the fact that no single individual or command agency is telling economic decision makers what to do with regard to their production and consumption decisions. One is free to make one’s own decisions subject to the limitations of the anonymous marketplace.
When the prices for doughnuts and croissants are $.50 and $1 correspondingly: (w) the opportunity cost for one doughnut is two croissants. (x) this is better to buy two doughnuts than one croissant. (y) one croissant will make Pierre twice as happy as one doughnut. (z
Briefly state the pros and cons of Partnership?
The market-based economic system: (1) Appears to be ‘natural’ as it has existed in all societies. (2) Has dominated the economic relationships in United States since from the year1492. (3) Guided resource allocation in middle ages. (4) Is
Intermediaries ultimately prosper only when they give a service of decreasing: (1) demand for a good (2) prices paid to manufacturers of a good. (3) transaction costs. (4) rivalry for various types of resources. (5) cut-throat competition into markets
Write down the drawbacks of capital budgeting?
Just need help to see if I am in the right direction if there any think wrong need help with it.
Illustrates the inverse relationship between price and quantity?
Give a brief introduction of the term Cost of preference shares?
Economic Territory: This refers to the region of a country where there is a free movement of goods, capital and human resources.
Why does a demand curve slope downward?
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