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4 years ago

What is an economic factor on a business

Business

1 answer:

blsea [12.9K]4 years ago

8 0

Hi there!

Information:

First, allow us to observe what an "economic factor is".

- An economic factor is data taken out of market and economy.

- Economic factor may include certain costs. And these costs well be in our answer.

Problem-Solving / Answer

Now, we figure out what economic factors we can find.

Tax rates - tax rates can include an Economic factor.

Laws - Laws are a known economic factor.

Unemployment - Big one, at this time due to COVID-19, unemployment rates are flying off the charts. This is an example of an economic factor.

Important Keywords;

- Data ; Data can be information taken from a place, for example, you have taken data from a chart.

Learn more:

Push factors: brainly.com/question/13553564

Economic growth: brainly.com/question/13023127

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Explain the different levels of specialization.

Dimas [21]

There are two types of specialisation:

structural specialisation (topic or map level)

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3 years ago

The distinction between a normal and an inferior good is A. when income increases, demand for a normal good increases while dem

alexdok [17]

Answer:

The correct answer is option A.

Explanation:

Normal goods have positive income elasticity, so when there is an increase in the income of the consumer, the quantity demanded of the normal goods will increase.

On the other hand, the inferior goods have a negative income elasticity. So when the income of the consumer increases the demand for inferior goods decline. This is because as income increases, the consumers will prefer normal goods.

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3 years ago

The following transactions occurred during May, the first month of operations for Hunter Products, Inc: * Issued 54,000 shares o

Montano1993 [528]

Answer:

$414,000

Explanation:

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3 years ago

Attitudes are a person's lasting evaluations of objects True false

kkurt [141]

Answer:

False

Explanation:

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2 years ago

How does unemployment impact a society

Tju [1.3M]

People living in a society judge a person very quickly If the person is unemployment society starts to judge and they start to dominate who is unemployment

To decrease unemployment we need to respect each work but the people living in a society starts to judge people and that's the great weakness of the people so if Unemployment is decreased in the country, than there would be positive impact

i hope i have give my answer according to my thoughts

4 0

3 years ago