Economy comes from the Greek words household and manage which basically mean a are where production , distribution , or trade and consumption of goods and services by different agencies in a given location.
Answer:
in the wild, where she stories animals development and behaviour,and then travel to zoos where she report her findings
You can spend money on things you need first instead of the things you want. Most people spend their pay on things that they want rather than getting something they need this leads to financial problems. Another way is to put at least $20 in the bank every paycheck. This way if something bad happens and you need to pay for it then you have the extra money in your bank. Daily spending can be a bad thing because you are constantly spending and never saving money, and life is full of surprises so you need to save money as well for preparation.
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Answer:
no, since other things are not held constant, including her income
Explanation:
The law of demand states that price has an inverse relationship with quantity demanded of a good. As price increases the demand reduces, and as price decreases quantity demanded increases.
However this is true when all other factors reman constant.
In the given scenario the price of hamburger has fallen but Hilary buys less of it. This looks like a violation of the law of demand, but her income has changed so the law of demand may not hold here.
All factors do not remain constant.
Hilary's behaviour can be explained by the concept income effect. Where an increase in income leads to the consumer buying more of expensive goods than cheaper ones.
The market environments made up of consumers and companies is the traditional marketplace, and the other is the marketspace.
<h3 /><h3>What is the marketplace?</h3>
Corresponds to the market where exchanges, transactions and negotiations of products and services between individuals and organizations are carried out.
Therefore, through the marketplace and marketspace, economic transactions are carried out and determined by the law of supply and demand.
Find out more about marketplace here:
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