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AlekseyPX
1 year ago
13

consider your decision to read this textbook on economics. identify which of the four core principles of economics is most relev

ant for each aspects of that decision.
Business
1 answer:
Verizon [17]1 year ago
7 0

The four core principles of economics that  is most relevant for each aspects of that decision are:

  • scarcity
  • supply and demand
  • costs and benefits
  • incentives

<h3>What are the core principles of economics?</h3>

Scarcity can be regarded as the  economic concept  which serves as the basic fact of life that there exists only a finite amount of human and nonhuman resources .

Supply and demand  serves as the  economic model of price determination that is bee used in the  market and it seen  in a competitive market, the unit price for a particular good, .

Learn more about economics from

brainly.com/question/17996535

#SPJ1

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Since you mentioned that Baldwin compamny will expand to another company with better edge (products etc.) to appear on top, that simply means they are actively competing against the company they are expanding to while employing blue ocean strategy.

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Answer: B. CONFLICT PERSPECTIVE

Explanation:

CONFLICT PERSPECTIVE

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I think it might be C, I'm not sure but I think it is.

Hope this helped. Have a great day! :D
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<span>Power given to people because of their superior knowledge about the work is B. expert power.
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Why do many economists believe that the best time to start a new business is toward the end of a recession?
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