All categories

3 years ago

2. Distinguish between economic and non-economic wants.

Business

1 answer:

bulgar [2K]3 years ago

4 0

Answer:

Difference among the economic wants and the non- economic wants is shown below:

Explanation:

Wants is the term which is described as the desires for the things that the person or an individual may or may not actually require or needed.

a. Economic wants

1. Economic wants are those wants which generally known as the desires and are usually satisfied or fulfilled after taking or consuming he service, goods or in other cases leisure.

2. Economic wants is spending money in order to satisfy the want or the desire.

b. Non - economic wants

1. Non- economic wants are those wants which are generally the human needs, that is required or needed to be satisfied without involve the monetary cost or the value.

2. It might involve the water, air.

3. These are those wants that could be fulfilled without spending the money.

You might be interested in

First, look up a treaty via the Internet or a book, cite your source, and answer the following questions in a report of at least

velikii [3]

Answer:

you are so (MAD)

Explanation:

5 0

2 years ago

6. When food is plated with prime rib in front, puréed turnips at the rear, and a salad topped with Italian cheeses beside them,

jeyben [28]

six is B

seven is D

Eight is D

Nine is A

10 is C

11 is A

12. B

5 0

3 years ago

Select the correct statement from the following,assuming Carmichael Company had a favorable direct materials price variance of $

Murljashka [212]

Answer:

Total direct material variance= $1,000 favorable

Explanation:

Giving the following information:

Company had a favorable direct materials price variance of $3,000 and an unfavorable direct materials usage variance of $2,000.

<u>To calculate the total direct material variance, we need to use the following formula:</u>

<u></u>

Total direct material variance= price variance +/- quantity variance

Total direct material variance= 3,000 - 2,000

Total direct material variance= $1,000 favorable

4 0

3 years ago

After meeting with your new client, you prepared his statement of financial position and pie charts. Which part of the financial

yuradex [85]

Answer:

Analyzing the client's personal and financial circumstances.

Explanation:

The Financial Planning process is the process involved in planning and formulating certain strategies for the client. The professionals' design plannings and strategies based on the financial situation of the client. They consider every aspect of the financial situation of the client. There is a total of six steps involved in the planning process. Analyzing and evaluating the financial status of the client comes under the third step.

8 0

2 years ago

How do businesses help a country's economy

Marianna [84]

It provides the added necessities we need.

7 0

2 years ago

Read 2 more answers