Answer:
Difference among the economic wants and the non- economic wants is shown below:
Explanation:
Wants is the term which is described as the desires for the things that the person or an individual may or may not actually require or needed.
a. Economic wants
1. Economic wants are those wants which generally known as the desires and are usually satisfied or fulfilled after taking or consuming he service, goods or in other cases leisure.
2. Economic wants is spending money in order to satisfy the want or the desire.
b. Non - economic wants
1. Non- economic wants are those wants which are generally the human needs, that is required or needed to be satisfied without involve the monetary cost or the value.
2. It might involve the water, air.
3. These are those wants that could be fulfilled without spending the money.
Answer:
severance process
Explanation:
severance process is one in which an employer grant an employee a severance pay after termination of employee's employment. This is usually inform of an agreement, and this applies to The Percy family here,
As the family is planning to sell the wood to the neighbors as firewood, the process applies is called severance process
Answer:
It is up to $1000, each day of violation constitutes a separate violation
Explanation:
Acording to the code the total penalty may not exceed a $ 10,000 aggregatethe department may institute and maintain in the name of the state any inforcement proceedings hereunder. money collected hereunder shall be deposited in the state general found.
Answer:
Innovation for new products occurs which keeps firms competitively challenged
Explanation:
Free trade can be regarded as a
theoretical policy , that governments use when there is no imposition of
tariffs/taxes, as well as duties on imports as well as exports.
free trade can be regarded as the opposite of protectionism. It should be noted that One advantage of free trade is Innovation for new products occurs which keeps firms competitively
Answer:
The correct answer is option d.
Explanation:
A monopoly is a market structure where there is a single firm in the market with no close substitutes. The firm is a price maker. There is high barriers to entry in the market.
Similar to monopoly other imperfect competition such as monopolistic competition and oligopoly also have barriers to entry, and are price makers. But the firms in such markets have different demand curve than the market demand curve.
But in a monopoly there is only single firm, so the market demand curve is the same as individual firm's demand curve.
