Organizations tend to focus on the creation of one type of value but not both because organizations do believe that the social value created by any organization has equal importance as their economic value. Due to this organizations believe that the creation of any value either the social value or economic value is enough.
Social value means the enhancement of the people and their lives by the combination of different resources.
Economic value means the creation of money or value in any economy by the organization.
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It changes over time, depending on the expected rate of return on productive assets exchanged among market participants and people's time preferences for consumption.
Answer:
not just pay them they can award them with extra credit?
Explanation:
Answer:
The branch of knowledge concerned with the production, consumption, and transfer of wealth.
Explanation:
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. The building blocks of economics are the studies of labor and trade.
