Supply is the total quantity of a specific good and service that are available to the consumers in the market while demand is the amount or quantity of goods and services that consumers are able and willing to buy in the market. Equilibrium point is the point at which the demand curve meets the supply curve such that the quantity demanded is equal to the quantity supplied. Therefore, at this point prices in the market will be at equilibrium (equilibrium price) which are not too high or too low.
Answer:
The correct answer is option b.
Explanation:
National saving is the portion of total income which is left after consumption and government spending. It is the sum of total private saving and public saving.
It is that portion of national income or GDP which is not consumed by the public and spent by the government.
It can be expressed as:
National saving = Y - C - G
Answer:
Banks are owned by shareholders, while credit unions are owned by members
Explanation:
Banks are financial institutions established by the founders to make profits. Due to their capital requirements, banks are large corporations owned by the private sector or government. Like other corporations, the owners of a bank are its shareholders.
Large organizations form credit unions to cater to their employees well being. Credit unions are not for profit organizations since they are formed to cater to its members' well beings. It means membership to the credit union is limited to the founding organization's employees unless otherwise stated. The members of the credit unions are its owners.
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Explanation: Mm mjhuuuuuuuuuuuuuuuuuuuuuh
B. To provide law and order
