The term by which individuals and businesses choose between the different use of available resources is called <u>allocating </u>and it is due to the concept of <u>scarcity</u>.
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What is Scarcity?</h3>
According to economics, Scarcity signifies that the demand for a product or service exceeds the supply of that product or service.
It is the underlying truth of existence that there is only a finite number of human and nonhuman resources for each economic product.
Therefore, Individuals and business corporations must choose between several uses for the available resources they have from the idea of <u>allocating </u>resources and due to the concept of <u>scarcity.</u>
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Answer:
$40
Explanation:
The Value to seeing the clubs play the White Sox must be valued at an amount that include the cost price at the minimum.The maximum the value would be $50 (at which any amount above this you will not be willing to accept the ticket).
The correct answer will be skilled workers.
The Virginia company first sent a group of soldiers, rich gentlemen, and skilled workers to found a strong colony.
Explanation:
The Virginia Company refers put together to 2 joint-stock corporations. The goal of the Virginia Company was clear enough: to determine a permanent colony in America that will create a profit for the corporate. The corporate had the facility to appoint a Council of leaders within the colony, a Governor, and different officers
Answer:
answer B. An expense that typically does not change month to month.
Explanation:
Fixed Expenses Fixed expenses cost the same amount each month. These bills cannot easily be changed and are usually paid on a regular basis, such as weekly, monthly, quarterly or from year to year.
