Your voltmeter and your teacher are both right, but the water analogy of electricity can only go so far. One big drawback is that, unlike with water, there is no absolute voltage. .... Wherever you put the black lead is defined as "0V". .... flowing (i.e. the circuit is broken) you will not get this change in voltage.
Answer:
Utility, tangibility, scarcity, transferab.
Explanation:
Economic wealth refers to the abundance of goods that a person owns - whether in cash, movable assets, real estate and goods that move on their own, such as cattle. It is also evaluated by the possibility of being a user of essential services, such as health, education, among others.
The accumulated goods that make up the economic wealth must have utility (they must meet the needs of individuals), tangibility (it must be possible to measure these goods), scarcity (they must present some sacrifice for them to be possessed) and transferability (it must be possible to transfer the good from one individual to another).
The key difference between command and market economies is that: Households answer the basic economic questions in a market economy, while a group of leaders answer them in a command economy.
<h3>Types of economy.</h3>
Generally, there are five (5) main types of economy and these include the following;
- Mixed economy.
- Command economy.
- Traditional economy.
- Pure capitalism economy.
- Underground economy (black market).
<h3>What is a market economy?</h3>
A market economy is also referred to as free-enterprise system or free market and it can be defined as a type of economy in which prices, products and services are being determined by the market rather than the government.
This ultimately implies that, a market economy is devoid (free) of government regulations, interference or control because the market is completely driven by demand and supply of goods and services.
Read more on market economy here: brainly.com/question/12653685
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To create a constant that is available throughout an application, declare it using the Public keyword in the declarations section of the class. Although constants somewhat resemble variables, you cannot modify them or assign new values to them as you can to variables.
