Answer:
- Sacred consumption
- Profane consumption
Explanation:
This differentiation is based on special religious events (e.g. religious holidays) that considered some goods as sacred, while profane had to do with everyday life.
Some modern marketing strategies try to build sacred brands. For example, Google has become our God of all knowledge and no one even dares to challenge that almost religious belief. Anyone can make their own coffee or buy coffee at any coffee shop, but Starbucks is different, it has built a sense of emotional connection with the public. It's not any coffee that we need or want.
The accountants who conducted the audit in the Rinetin Corporation who fail to discover the
falsification of the company's financial statements for the past
year because of their negligence will be held civilly liable under Section
11(a) of the Securities Act of 1933.
A free<span> market economy is one in which the government </span>does<span> not set or control prices, supply, or demand. A </span>laissez-faire<span> economy is one in which transactions between different companies or people are not subject to tariffs, government subsidies, and enforced monopolies.
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Answer:
The correct answer is: microeconomics concentrates on the behavior of individual consumers and firms while macroeconomics focuses on the performance of the entire economy.
Explanation:
Economics is divided into two different categories: microeconomics and macroeconomics. <u>Microeconomics </u>is the study of individuals and business decisions, while <u>macroeconomics </u>looks at the decisions of countries and governments. They are interdependent and complement one another since there are many overlapping concerns between the two fields.
<u>Microeconomics </u>is the study of decisions made by people and businesses. Microeconomics focuses on supply and demand and other forces that determine the price levels in the economy. Microeconomics tries to understand human choices and resource allocation.
<u>Macroeconomics</u>, on the other hand, studies the behavior of a country and how its policies affect the economy as a whole. It analyzes entire industries and economies. Macroeconomics focuses on aggregates and econometric correlations.