The school of social thought that insists all social structures, including systems of stratification, are built out of everyday interactions is called the symbolic interactionism. It is an idea that focuses on linguistic communication and a subjective understanding on the role of language in the development of a child considered to be a social being.
Answer:
Factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.
Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources.
In a mixed economic system, most economic decisions are made by consumers or sellers, but some economic decisions are made by the government, such as those dealing with safety regulations, infrastructure (e.g., roads), education, military spending, and certification and business licensing.
Money helps to facilitate trade. Money is a medium exchange because buyers and sellers agree to its common value. Money can lose its value during periods of hyperinflation, when too much money is dumped into an economy.
Explanation:
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Specialization concentrates on the creation of a confined scope of commodities and services in order to achieve high levels of efficiency in production. Specialization has a comparative benefit in the creation of goods and services.
National level specialization enables more international transactions to take place and also many countries production could also be imported. Therefore it enhances the opportunity for the people of the country. Any manufacturer which are specialized in the production of certain products can benefit from global trade.
Answer:
x = 10/3
Explanation:
3x/2 = 5
assuming we are solving for x, we need to get x by itself
we start by getting rid of the denominator 2, by multiplying it by itself. what we do to one side we do to the other, so we multiply 5 by 2 as well
( 3x/2 ) × 2 = 5 × 2
the 2s on the left side cancel out and we are left with 3x = 10
to get x by itself, divide both sides by 3
3x/3 = x
10/3 = 10/3
x = 10/3 or 3 1/3
