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3 years ago

Discuss the role of the consumer and the production of goods and services in relation to core concepts of economics.

Social Studies

2 answers:

harkovskaia [24]3 years ago

7 0

Answer:

Four key economic concepts—scarcity, supply and demand, costs and benefits, and incentives—can help explain many decisions that humans make.

Scarcity explains the basic economic problem that the world has limited—or scarce—resources to meet seemingly unlimited wants, and this reality forces people to make decisions about how to allocate resources in the most efficient way.

As a result of scarce resources, humans are constantly making choices that are determined by their costs and benefits and the incentives offered by different courses of action.

Explanation:

AleksandrR [38]3 years ago

4 0

While having a basic understanding of economic theory isn't perceived as being as important as balancing a household budget or learning how to drive a car, the forces that underpin the study of economics impact every moment of our lives. At the most basic level, economics attempts to explain how and why we make the purchasing choices we do.

Four key economic concepts—scarcity, supply and demand, costs and benefits, and incentives—can help explain many decisions that humans make.

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Nikolay [14]

Answer:

Country or Entity Christians % Christian % Catholic % Protestant/ Orthodox/ Other Christian GDP/Capita PPP World Bank 2012

Afghanistan (details) 6,250/8,000[22]-30,000[23] 0.02%[23] 1,400

Comoros (details) 15,000 2.1% 1,230

Cook Islands (details) 19,000 86% 16.8% 69.6%

Congo, Republic of (details) 3,409,000 90.7% 50% 40% 4,426

Congo, Democratic Republic of (details) 63,150,000 92% 50% 42% 422

Costa Rica (details) 3,912,000 83% 69% 14% 12,943

Côte d'Ivoire (details) 7,075,000 32.8% 28.9% 3.9% 2,039

Croatia (details) 4,107,000 90.1%[48] 86.2% 4.7% 20,532

Cuba (details) 6,670,000[23] 59.2%[23] 52.7% 7.5%

Cyprus (details) 863,000 79%[49][50] 1% 78% 30,597

Czech Republic (details) 1,175,000 34%[39] 29.0%[39] 5.0%[39] 26,426

Denmark (details) 4,400,754[51] 79% 1% 77.8%[52] 41,388

Djibouti (details) 53,000 6.0% 1% 5% 2,784

Dominica (details) 59,000 88.7% 61% 27% 12,643

Dominican Republic (details) 9,734,000 83% 65% 18% 10,204

East Timor (details) 1,152,000 99.1%[53] 96.9% 2.2%

Ecuador (details) 14,099,000 94.0% 74% 20% 9,738

Egypt (details) 9,029,000 10.0% [54] 6,723

El Salvador (details) 5,073,000 81.9% 52.6% 29.3% 7,069

Equatorial Guinea (details) 683,000 88.7%[23] 80.7% 8.0% 30,233

Eritrea (details) 3,577,000 67%[55] 4% 54% 566

Estonia (details) 310,000 45%[39] 3%[39] 42%[39] 23,024

Eswatini (details) 994,000 82.7% 25% 57.7% 5,246

Ethiopia (details) 77,477,000 75% 0.7% 63.4% 1,139

Falkland Islands (details) 3,000 94.3% 94%

Faroe Islands (details) 33,000 95.4%[56] 94%

Fiji (details) 540,000 64.4% 8.9% 55.5% 4,943

Finland (details) 3,909,000[57] 70.7%[57] 0.3% 70.4% 38,230

France (details) 36,700,000-40,000,000 51.1%[58]-58%[39]/63-66%[59] 50-63%[60]/54%[39] 4%[39] 35,845

Gabon (details) 1,081,000 88.0%[61] 41.9% 46.1% 16,086

Gambia (details) 79,000 4.2% [62] 1,948

Georgia (details) 3,930,000 88.6%[63] 0.9% 87.7% 5,902

Germany (details) 45,754,000 55.0%[64] 27.2%[64] 27.8%[64] 40,394

Ghana (details) 19,300,000 71.2%[65] 13.1% 58.1% 2,048

Greece (details) 11,000,000 98% 0.7% 97.3% 24,667

Greenland (details) 55,000 96.6% 96.6%

Grenada (details) 101,000 97.3% 53% 45% 10,827

Guatemala (details) 14,018,000 87% 47% 40% 5,100

Guinea (details) 1,032,000 8.9% [66] 5% 5% 1,069

Guinea-Bissau (details) 165,000 10.0% 10.0% 1,192

Guyana (details) 434,000 58.0% 8% 50% 3,400

Haiti (details) 9,597,000 96.0% 80.0% 16.0% 1,228

Honduras (details) 6,660,000 88%[67] 47% 41% 4,194

Hong Kong (details) 835,000 11.8%[68] 5.0% 6.8% 51,946

Hungary (details) 5,254,179[69]- 6,501,000[39] 52.87%[69]-65.0%[39] 38.96%[69]-58.0%[39] 13.91%[69] 21,570

Iceland (details) 273,300[70] 75.1%[70] 4.0%[70] 71.0%[70] 37,533

India (details) 30,000,000 2.3% [30] 1.3% 1.0% 3,876

Indonesia (details) 24,000,000 10%[71] 3% 7% 4,956

Iran (details) 380,000[72] 0.4% 0.4% 11,395

Iraq (details) 944,000 3.0% 3.0% 4,246

Ireland (details) 3,992,000 (2016)[73] 83.8% (2016)[73] 78.2% (2016)[73] 5.6% (2016)[73] 42,662

Israel (details) 266,000 3.5% 3.5% 28,809

Italy (details) 53,230,000[74] 83% 81.2% 2% 32,512

Jamaica (details) 1,784,000 65.3% 2% 63.3% 7,083

Japan (details) 2,921,000 2.3%[75] 1% 1% 35,204

Jordan (details) 388,000 6.0%[76] 6,148

Kazakhstan (details) 4,150,000[23] 26.2%[23] 2.3% 23.9% 13,892

Kenya (details) 34,774,000 85.1% 23.4% 61.7% 1,761

Korea, North (details) 406,000 1.7%

Korea, South (details) 14,601,000[23][77] 27.6%[23] 7.9% 19.7% 30,722

Kuwait (details) 458,000 15.0% 3.2% 12.8% 49,001

Kyrgyzstan (details) 610,000[23]-944,000 11.4%[23]-17.0%[78] 2,409

Laos (details) 145,000 2.2% 1% 1% 2,926

Latvia (details) 1,570,000 70%[39]-80%[79] 24.1%[39]-25.1%[79][80] 46.8%[39]-54.9%[79] 21,005

Lebanon (details) 1,600,000-1,800,000[81][82] 38.0%-41.0% 26% 15% 16,610

Lesotho (details) 1,876,000 90.0% 45% 45% 1,963

Liberia (details) 1,391,000 85.5%[83] 85.5% 655

Libya (details) 170,000[23] 2.7%[23] 0.5% 1.5% 17,665

Liechtenstein (details) 30,000 84.4%[84] 75.9% 8.5%

Lithuania (details) 2,827,000 81.4%[85]-86.0%[39] 77.2%[86]-80.0%[39] 5.6%-6.0%[39] 23,487

Luxembourg (details) 360,000 72.4%[87] 68.7% 3.7% 88,318

Madagascar (details) 8,260,000 41.0% 978

Malawi (details) 12,538,000 79.9% 902

Malaysia (details) 2,820,000 9.2%[88] 17,143

Maldives (details) 300 0.08% 9,072

Mali (details) 348,000 2.4% [89] 1,214

Malta (details) 400,000 91.6%[90] 88.6% 3.0% 29,013

Mauritania (details) 5,000 0.14% 2,604

Mauritius (details) 418,000 32.2% 15,649

Mexico (details) 107,780,000 92.4%[91] 82.7% 9.7% 16,676

3 0

3 years ago