Answer:
Common resource
Private Good
Public Good
Explanation:
A common resource would be any limited commodity, including such water or farmland, which offers tangible advantages to consumers but which no one in specific owns or has sole rights to.
Private commodities are items that must be bought in order to be eaten, and one person's consumption forbids another individual from purchasing them.
Public good can contribute to: social interest, an useful that is both non-exclusive and non-rival.
I believe that such a machine would increase the wage paid to the women since it would most likely allow the women to produce more roses in the same amount of time. This is why for example, in mines, manual labourers get paid less than those who operate sophisticated machinery since the latter usually results in much higher production rates say of ore/day.
Answer: Productive means having been able to gain in large amounts.
Explanation: In the first paragraph of “The Effectiveness of Capital” the productive means having been able to produce in a huge quantity or large numbers. Here being able to gain profits in a large amount is considered productive.
Producing any kind of goods in large numbers is productivity. The productivity of any good depends upon many factors. Like a productive worker has a lot of capacity to do a lot of work and hence he is able to give productive results in the end. With a great number of profits.
Answer to a:
The number of years for which the deposits will be made is given by:
= Retirement age - current age
= 65 - 23
= 42 years
