Answer:
The independent decisions of individuals in the marketplace determine the answers to the fundamental economic questions.
Explanation:
The study of Economic Science allows us to understand the fundamental premises that govern the functioning of market economies. A market economy operates freely - the decisions of the economic agents are independent - which leads us to understand determining questions, such as how much to produce and how much to employ.
A market economy operates under the logic of the interaction between supply and demand of goods and services, so that companies act in a system of competition, via prices, for market share. Thus, consumers benefit from competition and the role of government is only to ensure the right environment for economic transactions.
<span>Robotics could make this repetitive task quicker and less susceptible to error.
</span><span>Robots have “human” capabilities and traits such as sensing, dexterity, memory and trainability which mean that they can do they are suitable for repetitive manufacturing tasks.</span>
Answer:
The differentiation between some of the instances is characterized below.
Explanation:
- The formal method addresses the development relating to particular components that could be quantified as well as reviewed besides consistency or accuracy, while the informal one describes stats information on either the psychologist's gut instinct.
- Formal research has already been used much less throughout the past, while informal research has been widely used throughout the old days.
Answer:
direct from provider to customer
Explanation:
Service industry is different from the product industry in terms of the marketing channels used. While the product marketing includes thorough examination of possible marketing channels, the service industry has a main marketing channel concept - providing service directly from the provider to customer.
