Answer:
This illustrates the principle that;
c.people face trade-offs.
Explanation:
Commercial transaction especially in business involve various situations that can mirror underlying economic principals, An example of the many economic principals is trade-off. This principal is explained in detail below;
1. Trade-off
A trade-off is a compromise between two desirable products that are incompatible. A trade-off usually involves the foregoing of one choice for the other, it usually involves the sacrifice of one of two products which have the same qualities but one only limited to picking one choice. A trade-off usually happens in business dealings. An example is a situation where one needs to purchase two items that have the same cost and the amount of money the buyer wants to buy can only be enough for one of the products. In this case, the buyer will have to sacrifice one product for the other based on the prevailing financial status limiting him/her from purchasing both of them.
Lawrence's case is a classic trade-off scenario since he is torn between buying a flash for his camera or a new tripod. He needs both of them with equal measure but he can only afford one at a time. This means that he will have to choose one over the other, a principle known as a trade-off.
Industrial revolution is inevitable because it is the way to progress. the society today is due to that revolution. <span>The </span>Industrial Revolution<span> is the name given the movement in which machines changed people's way of life as well as their methods of manufacture. About the time of the American </span>Revolution<span>, the people of England began to use machines to make cloth and steam engines to run the machines.</span>
A foreclosure is a fee levied by your lender that represents pre-paid interest on your mortgage loan.
<h3>What is foreclosure?</h3>
foreclosure serves as the the action of taking in the possession of a mortgaged property in case they fail to meet up with mortgage payments.
In this case, A foreclosure is a fee levied by your lender that represents pre-paid interest on your mortgage loan.
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The negotiation process that clarifies the terms and conditions under which management and a union will operate for a specified period is collective bargaining
<h3>What is
collective bargaining?</h3>
Collective bargaining is a process of negotiating agreements between employers and a group of employees to regulate working wages, working conditions, benefits, and other aspects of workers' compensation and rights.
A collective bargaining agreement is the goal of collective bargaining. This agreement is intended to establish employment rules for a specified number of years. Members of unions pay for this representation through union dues.
Collective bargaining has the potential to improve a worker's quality of life. Collective bargaining agreements typically result in higher pay for a worker. Improvements in the quality and cost of employee benefits are also possible.
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A Stock investment typically has a greater long-term rate of return than a savings account.
<h3>What is a Stock?</h3>
A stock is basically a financial investment that represents fractional ownership of a company or business. In other words, holding a company stock implies you own a percentage share of the business's potential success.
Hence, since there are many guiding factors that could make a once small company into a big company in the future, such as experiencing increased investor interests, etc, it thus makes a stock investment have a greater long-term rate of return than a savings account.
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