Your question is too broad. It took me two 48-hour courses to learn the basics of how the economy operates.
While it is interesting and I do not wish to discourage your curiosity, please make the question more specific.
For now, all I can say is that the primary function of an economy is integrating the 4 factors of production - Land, Labor, Enterprise and Capital - to produce goods profitably. This is made possible through the interactions between the consumers (also the labor), private firms, financial sector and the government sector. I would suggest watching a video on the circular flow on income on YouTube for more information on these interactions.
Furthermore, economics is concerned with solving the basic economic problem, which is the existence of unlimited wants in relation to the limited resources available on our planet. This leads us making choices (which wants to satisfy through production and consumption) and making sacrifices (which wants to give up as there only a limited amount of resources available). Economics in general deals with attempting to get the most out of the resources available. It deals with anticipating consumer behavior, trends and using this analyzed information to make decisions.
The last thing you should know is that economics is most broadly categorized into two field - Macroeconomics and Microeconomics.
Microeconomics deals with the interaction between individuals, i.e., individuals firms/industries, consumers. This deals with such things as factors affecting the demand of goods, the concept of elasticity, factor affecting supply of goods, the marginal utility theory and so forth.
Macroeconomics deals with the economy as a whole - this includes concepts such as national income (GDP), aggregate demand and supply, the multiplier effect, the factors affecting consumption, investment,government expenditure and net exports, the exchange rate systems and Balance of Payments.
P.S. In the above answer, I have only briefly mentioned the basics. If you would like further understanding of the basics then please YouTube/Google each economics term listed above.
<h2>Five Benefits and Fees that may differ among account </h2>
As Elliot wants to open a checking account and is searching for best option at different bank which is near to his house. The possible benefits or fees that may differ among the checking accounts may include
- A minimum amount of money to open an account.
- The cost/charges for a monthly statement.
- Service charges for the local or international transaction.
- Monthly withdraw limitation, this may differ as per Elliot's age.
- An interest rate or overdraft fee charged from Elliot.
Once Elliot finds the best option he may open the checking account in the bank that suits him.
Like other emotions love is real and contrary to what we like to say and believe, the feeling of love doesn’t occur in our hearts, at least scientifically. Instead, it happens in our brain when we release hormones (oxytocin, dopamine, adrenaline, testosterone, estrogen, and vasopressin) that create a mix of feelings: euphoria, pleasure or bonding.
A consolidation loan is intended to help consumers who have an unhealthy credit situation caused by overusing their credit. Thus the correct option is D.
<h3>What is a loan?</h3>
An amount given by any financial institution to any individual in advance on a certain rate of interest that they need to repay during the given time is called a loan.
A consolidation loan is meant to assist individuals with credit problems brought on by excessive credit use. A debt reduction approach known as a debt consolidation loan is taking out a new loan to settle a number of bills.
Therefore, option D is appropriate.
Learn more about the consolidation loan, here:
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The complete question is probably
A _____ loan is intended to help consumers who have an unhealthy credit situation caused by overusing their credit.
a. personal
b. single-payment
c. buy-down
d. consolidation
e. standard
Assume you are a concert and pop-up event promoter; the best measurement method would be audience analysis.
A promoter is a marketing professional who is in charge of demonstrating a product's features to an audience or client. The promoter demonstrates how the product works, answers questions, and attempts to persuade customers or clients to purchase the product.
A corporate promoter is a company or individual who does the preliminary work associated with the formation of a company, such as its promotion, incorporation, and flotation, and solicits people to invest money in the company, typically when it is in the process of being formed.
To know more about promoters, click here.
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