Answer:
a central city is the most heavily populated spot of the metropolitan city
the metropolitan area is a city
The supply of labor is the relationship between the quantity of labor supplied and the real, or inflation-adjusted, wage rate when all other influences on worker's plans to work are held constant.
A basic economic notion called supply refers to the total amount of a particular commodity or service that is made available to consumers. When shown as a graph, supply can refer to the quantity that is offered at a particular price or the quantity that is offered over a range of prices.
In terms of economics, supply refers to the quantity of items that a person or firm offers to the market, which is equivalent to the total amount that they produce at one particular time. For instance, if Apple produces 100 iPhones, then this is the quantity that is sold.
The following are included in a supply of goods: the agreement-based transfer of property rights over things. the commission-based sale of tangible things by an auctioneer or agent acting under his or her own name but following another person's instructions. delivery of items under a hire-purchase agreement.
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The <em>concept of scarcity</em> states that there will be a deficit regarding the supply of a certain good in comparison the demand for it. Therefore, a state budget must revise its current state knowing that there will always be some players who will lose benefits in the attempt of shifting the assignment of resources.
The <em>marginal analysis</em> is an examination of the additional benefits a certain activity gets compared to a number of additional resources assigned to it. It helps the state government have a better view of where to allocate resources. As there are sectors that will probably gain more benefits than others with the same assigning of resources. The key to this analysis is to now the best amount to allocate to each sector in order to get the maximum efficiency of the budget.