The <em>concept of scarcity</em> states that there will be a deficit regarding the supply of a certain good in comparison the demand for it. Therefore, a state budget must revise its current state knowing that there will always be some players who will lose benefits in the attempt of shifting the assignment of resources.
The <em>marginal analysis</em> is an examination of the additional benefits a certain activity gets compared to a number of additional resources assigned to it. It helps the state government have a better view of where to allocate resources. As there are sectors that will probably gain more benefits than others with the same assigning of resources. The key to this analysis is to now the best amount to allocate to each sector in order to get the maximum efficiency of the budget.
All of these played important roles!
The mining industry enabled the excavation of many important and precious minerals which wre later used in differetn technological applciations.
The railroads increased the speed by which things were being transmitted.
The cattle business enabled people to sustain themselves through food.
The homestead act enabled people to become self-sufficient.
The 'Complete plan' step involves the leader finalizing any modifications to their plan.
The United States Marine Corps' strategic planning method to accomplish mission objectives is a set of troop-leading steps following the 'B.A.M.C.I.S.' acronym:
- Begin Planning
- Arrange Reconnaissance
- Make Reconnaissance
- Complete Plan
- Issue Order
- Supervise
The 'Complete plan' step involves tweaking the theoretical plan once there is enough information at the planner's disposal.
A is microeconomic because they are considering the slots of only one airport.
B is macroeconomic because this decision will afect each and every person in the country.
C is microeconomic because it will only affect certain employees in the stores.
D is macroeconomic because this will affect every person that is unemployed at the moment.
Answer:
The correct answer is - summarizing.
Explanation:
Summarization is referred to taking the important part of the document or article or work and creating a condensed version by key points without losing the main idea or original sense of the work.
Summarization can be understood by the example of a short story of one or two paragraphs of a long book of that story. Abbey in this question taking the details to show only the main idea of the article which is the summarization of the article.
