The correct answer would be, Real Estate.
Land plus anything permanently fixed to it, including buildings, sheds and other items attached to the structure is called as Real Estate.
Explanation:
There are four broad factors of production, that are used in the production process to produce output. These are:
- Capital
- Land
- Labor
- Entrepreneurship
Land is one of the factors of production, which include the land, property or anything attached to the land which could be a building, a shed, crops, trees, or anything attached to the land.
Learn more about Factors of Production at:
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Answer:
Bounded rationality
Explanation:
The term bounded rationality was proposed by Herbert Simon to analyze the decision making process of agents in complex systems. In other words, bounded rationality refers to the decision making of an individual based on the limitation of the information needed to make that decision.
Since Evelyn has limited her research on machine screw suppliers to suppliers in her state only, in order to decide which supplier she will contact, we can say that Evelyn is using bounded rationality
.
Answer:
resource dilemma
Explanation:
Resource dilemma refers to the dilemmatic situation in which the individual finds himself to be stuck in the position where he has to take a certain decision between self-interest and the availability of the resource. This condition is also characterized by the dilemma of the interest served to the community as a whole and the process of sharing resources sustainably. This is the situation when the individual is hanged between self-consumption and community welfare at the same time. In the given situation, the five friends are stuck into the resource dilemma situation. They are stuck into the situation where the ice cubs are not as sufficient for each of them at the time when they all want to have it. This is the situation where they have to decide among the resource and the part of sharing it.
If I got caught red-handed
in burglary, first of all I would expect is to be arrested then taken to the
jail where they would take my fingerprint and photograph.
<span>I would then expect to be brought before a judge in a court. And then
there I would be told according to all the evidences I am guilty, about the
charges, rights and bail. May be I would be fined or sentenced for some years of
life in a prison.</span>
Can I see some choices?
Here's some info on market economies:
A market economy<span> is an </span>economy<span> in which decisions regarding investment, production, and distribution are based on </span>market<span> determined supply and demand, and prices of goods and services are determined in a free price system.</span>
