Answer:
creating goods and services.
Explanation:
Economics seeks to get answers to how societies utilize scarce resources to meet the unlimited needs of members. The three basic questions that economics addresses are
- What to produce?
- How to produce?
- For whom to produce?
Creating goods and services and services is answering on what to produce? With the limited resources, authorities must decide what goods and services to produce. Decisions have to be made on what needs to meet immediately. For example, the government may decide to build new schools rather than contract a new road
It’s better to buy a home instead of renting a home because when you rent, your paying someone else’s mortgage! Whereas when you buy a home, you’re paying your own mortgage not someone else’s. It’s also better to buy a house because when you rent, you can’t change anything about the house because it’s essentially not yours. For example, if you wanted to plant s tree in the backyard of your rented house, you wouldn’t be able too because it’s not your yard. Whereas if you bought your house, you could do whatever you want to it because it’s yours.
I hope this helped! :-)
Answer:
Hello,
The next step will be; analyse data and report the findings
Explanation:
After collecting data, Joseph should analyse the data to identify positive trends according to the assumptions he decides to make.At this step, he can summarize the whole study to capture the procedure involved, the results obtained and the conclusion derived from the research.He should check if the hypothesis was correct or wrong.Making decisions based on assumptions can affect the company.The data obtained should be analysed the way it is rather than adding more information that was not obtained in the research. After this step, take action!
Best of Luck!
Answer:
See complete solution in the picture attachment.
Explanation:
When trying to purchase an item with a high value
