It means that the demand for a good or service is greater than the availability of the good or service. Therefore, scarcity can limit the choices available to the consumers who ultimately make up the economy. Scarcity is important for understanding how goods and services are valued.
<h3>How has scarcity forced you to make economic choices?</h3>
Scarcity forces all of us to make choices by making us decide which options are most important to us. The principle of scarcity states that there are limited goods and services for unlimited wants. Thus, people need to make choices in order to satisfy the wants that are most important to them.
<h3>What is scarcity of resources?</h3>
Scarcity in economics refers to when the demand for a resource is greater than the supply of that resource, as resources are limited. Scarcity results in consumers having to make decisions on how best to allocate resources in order to satisfy all basic needs and as many wants as possible.
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Answer:
A. A valid contract s long as the court can determining a reasonable price at the time for delivery
Explanation:
Answer:
Continuing performance discussions.
Explanation:
Management by objectives in an organization can be described as the set of strategic actions that will help the company to achieve its objectives and goals.
This management means that management must adopt a system of control and planning where all the constituent members of the organization will work together to define the objectives of the company and then a system of individual goals will be adopted that will consequently assist in achieving the organizational objectives. .
So after implementing a system of guided self-assessment in the organization and reviewing the job description and the main activities that make up the employee's work, the next most appropriate step for Josh would be Discussions on ongoing performance, so that the monitoring and control that will assist in achieving business goals.
The income statement is prepared first. The income statement i<span>s a financial statement
that reports the company's financial performance (profit and loss) over a specific
accounting period. It describes how the business incurs its revenues and expenses, and it is also referred as </span>profit and loss statement (P&L). With help of this report management knows if the business made money during the period reported.
Answer:
microeconomics
macroeconomics
macroeconomics
macroeconomics
microeconomics
microeconomics
Explanation:
Macroeconomics is a branch of economics that studies the economy as a whole. Macroeconomics studies economic aggregates such as inflation, unemployment, GDP and growth rate.
Microeconomics is a branch of economics that studies the decisions individuals and firms make in response to changes in economic factors. These factors include price, resources etc. it studies how firms and individuals allocate and make decisions about resources
