What determines the monetary value of a good or service?

1 answer:

7 0

Answer: In accordance with the neoclassical economics, the monetary value of a commodity or service is considered as the price of the commodity in an open market. This value is generally determined by the forces of demand and supply , i.e the demand for the commodity relative to supply. Several neoclassical economist evaluate the value of a product or service with the price, irrespective of the market being competitive.

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A renewable resource is a resource that can be renewed.

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What are aspects of a free-enterprise system?

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Thus Paul gets an injection to avoid excessive smoking. This injection is given because Paul can avoid that undesirable behavior that is not accepted in the society.

This conditioning is useful in another disorder such as OCD.

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