Yeah I am unsure currently
Modern society is often created by several interwoven processes that include choices economic changes, political changes, social changes and cultural changes.
Economic change can be defined as a shift in the economy's structure, policy, or growth. GDP can be used to measure economic growth. We can use this formula to calculate an economy's actual growth. To measure economic growth, we can look at the annual percentage increase in a country's GDP.
A community's economic development has a long-term impact. Job providers buy the goods and services they need to run their businesses, and their employees buy the goods and services they need to live.
Hence, the answer is "ALL OF THE ABOVE".
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I believe the answer you looking for is luster
Good luck
The correct answer is 2.
Elasticity measures the sensibility of the quantity supplied or demanded when the price of the product is modified. In this example we will compute the elasticity of the supply function.
<u>The supply function is inelastic</u> in the sense than when a price increase is performed (from P1 to P2) the quantity supplied increases in a lower proportion (from Q1 to Q2). Let's prove this by calculating the percentage increase experienced by each of the two variables:
- Price: (7-4)/4 * 100% = + 75%
- Quantity supplied: (5-3)/3 * 100%= +66.66%
When there is a price increase of the 75%, the quantity supplied increases a 66.66% (<75%).
A house built of strips of sod, laid like brickwork, and used especially by settlers on the Great Plains, when timber was scarce
