Answer:
A good is non-rival in consumption if one person's use of the good does not preclude consumption by others.
Explanation:
A good is non-rival in consumption if one person's use of the good does not preclude consumption by others. Rivalry is a term used in economics. When a good is rival it means that its consumption deprives or reduces the possibility of others consuming it. In general non rival goods are intangible. For example, the internet. When a person uses the internet, it doesn't reduce the possibility of others using it. However, a domain, although intangible, it is rival because once it's taken it cannot be used by someone else.
The issue that is least likely to be faced by the newly freed African nations is national border dispute. The correct option among all the options given in the question is option "c". Since the country is already free from a foreign rule, so its borders would have a clear demarcation. There is every possibility of the newly freed state to go through economic struggles, political transformations and ethnic clashes.
George Mason
Explanation:
- With these other Virginians, George Mason made a political difference at the Congress, which adopted the American Constitution.
- Although he was one of the most frequent speakers at the rally, he eventually did not sign it with other like-minded people - because he thought he was giving too much authority to the federal government, which means that some of today's controversies in Washington over the character of central government were sown even then , more than two centuries ago.
-
Mason demanded that a Bill of Rights be added to the Constitution, which was only added to it later, and he demanded that the Constitution abolish slavery.
Learn more on George Mason on
brainly.com/question/10772681
brainly.com/question/887919
brainly.com/question/2906174
brainly.com/question/459705
#learnwithBrainly
Answer:
Explanation:
Opportunity cost is the cost of missing out on the next best alternative. In other words, opportunity cost represents the benefits that could have been gained by taking a different decision.
All businesses have to make choices - and those choices have implications.
In business, resources are usually scarce or limited. Decision are made under circumstances of uncertainty and taking one course of action or decision may affect business ability to take an alternative action.
Opportunity cost measures the cost of a choice made in terms of the next best alternative foregone or sacrificed.
Examples of Opportunity Cost in the Business & Economic Environment
Work-leisure choices
The opportunity cost of deciding not to work an extra ten hours a week is the lost wages given up.
Government spending priorities
The opportunity cost of the government spending an extra £10 billion on investment in National Health Service might be that £10 billion less is available for spending on education or defence equipment.
Investing today for consumption tomorrow
The opportunity cost of an economy investing resources in new capital goods is the production of consumer goods given up for today.
Use of scarce farming land
The opportunity cost of using farmland to grow wheat for bio-fuel means that there is less wheat available for food production, causing food prices to rise
Trade-offs
A trade-off arises where having more of one thing potentially results in having less of another. The table below lists some examples of how trade-offs often arise in business - as a result of resource scarcity.
The sun. The sunlight energy flows from one trophic level through the next. Energy flows throughout the ecosystem and the primary source of energy for almost every ecosystem on Earth is the sun.
