Who will get the goods and services
Who will get the goods and services?
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1. The answer to this question is directly related to how the income is distributed among the individuals and the households and the tastes and preferences of consumers.
2. Products go to those who are willing and able to pay for them.
3. The productivity of the relative supply as well as the resources of particular resources also the possession of resources will determine the income of individuals and households.
4. The resource markets are linked to this decision, which conclude income.
Explain this statement: “If resources were unlimited and freely available, there would be no subject called economics.”
Questions: 1: Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month? Explain your choice. Q : Describe financial leverage and low Describe briefly high financial leverage, low operating leverage?
Describe briefly high financial leverage, low operating leverage?
Describe four important areas to emphasize Expenditures?
Describe the term: “Only to be part with it we want money”?
Give a brief introduction of the term Operating Leverage?
Evaluate and explain the statements: “Competition is the essential despot of the market economy”.
Describe the merits of “roundabout” production? Describe the term “division of labor”?
Describe what do you mean by European Union (EU)?
Briefly describe High operating leverage?
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