Well honestly, markets are how people function; markets don’t function, people do.
We speak of the “functioning of markets” as a shorthand, a figure of speech because abstracting human behavior to the behavior of a system is useful, as long as we don’t forget that it is an abstraction and not a real thing.
This is the same when we speak of “the roar of the crowd” even though people roar, not crowds. It just takes too long to write “the noise of the people in the crowd roaring at the same time”.
It is easier to write “the functioning of the market” than “what happens as people interact with each other.” Markets are the interactions of people .
So, do people behave and interact the same way around the world? Obviously not. Are the results the same? Yes they are: people serve each other and, in the process, create wealth. But both wealth and service vary by culture.
If that makes sense... anyway, have a nice night!
~Brooke❤️
So you would need to set up a formula for this. 2,900 = .29(x)
Basically, 2,900 is 29% of what number.
To isolate x, divide both sides by .29 = 10,000
So the buyer would need to make 10,000 per month to qualify for the 29% rule. So their annual income would need to be 120,000
Answer:
Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources. ... The building blocks of economics are the studies of labor and trade.
<h3>Please mark as Brainliest</h3>
Talking i would say that’s interacting but i’m really not sure
