Economic Growth and Tax Relief Act law signed by President George w. bush, allowed for more economic freedom amongst different kinds of businesses on the 401(k)
A standard definition of economics might describe it as a social science focused on the satisfaction of needs and desires through the allocation of scarce resources with alternative uses. Economics can be said to be the study of scarcity and choice.
In its simplest and most concise definition, economics is the study of how societies use their limited resources. Economics is the social science of producing, distributing, and consuming goods and services.
Example: When the corn crop increases, the farmer reduces the price of the crop so that the product can be sold. When supply exceeds demand, meaning too much corn is needed to feed the people of the country, the produce is forced to waste and farmers lose production costs.
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Answer:
c an idea
Explanation:
can't have a business without an idea
<span> is an inventory </span>strategy<span> companies employ to increase efficiency and decrease waste by receiving goods only as they are needed in the production process, thereby reducing inventory costs.</span>
The correcto answer for this question is the letter c
Exactly, when someone buys an insurance policy that person is making sure that whatever happens to him/her, there is the policy to compensate for something that will be lost. He/she is transferring the risk away and pass it on to the insurance company for safekeeping.
