Economics, anthropology, psychology, sociology, and political science all study human behavior. economics differs from these other social sciences because it also addresses these three key concepts: Optimization, equilibrium, and empiricism.
Economics is defined as the management of financial matters in communities, businesses, or families. An example in economics is the US stock market system. 1: The way goods and services are produced, sold, and used in a country or region. the economy of the city. 2 : Careful handling of money and goods: Thriftiness Thriftiness and self-restraint allowed them to live on a low income.
Economic problems affect our daily lives. These include topics such as taxes and inflation, interest rates and wealth, inequality and emerging markets, energy, and the environment. Hmm, complicated. But essentially the economy works by allocating scarce resources to individuals and businesses. A series of markets in which goods and services are exchanged and enabled by capital together form an economy.
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Consumer goods are defined as products that the average consumer has purchased for consumption. They are considered to be what consumers want and need. Among the choices only 2.the disposable diaperspurchased by the new mother for her baby is the best example of a consumer good because the mother uses the product for her baby's personal needs.
Answer:
Consider the market in which clothing producers operate. Suppose productivity decreases in the factory producing jeans. Explain how this event will change the quantity of jeans supplied and the supply of jeans today.
The quantity of jeans supplied decreases.
Explanation:
Since there is decrease in the production of jeans, hence; supply of jeans will be drastically decreased.
Answer: Partial performance
Explanation:
- Partial performance is described as the completion of a job that forms a portion of a contract.
Here, the seller agrees to paint the house before conveying the house to the buyer. The weather changes, and the seller is unable to finish painting the house before closing.
This indicates a part of job is done.
Hence, this is an example of <u>partial performance.</u>