1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kow [346]
3 years ago
9

What is the main focus of economics?

Social Studies
2 answers:
frosja888 [35]3 years ago
8 0

Resource allocation is the main focus of economics.

<u>Explanation: </u>

Man’s needs and wants are unlimited but the availability of resources are limited and also due to the uneven distribution of the same economics has evolved into a branch of study consisting of ideas, theories and explanations about resource allocation.

Had there been equal access to resources to all the people, there wouldn’t have been a branch of study called economics. It can be studied at a micro level i.e., at the level of an individual and at a macro level i.e., at the level of group.

svetoff [14.1K]3 years ago
3 0
Economics focuses more on interactions/marketing/ those type of focus
You might be interested in
You're a part of a club that wants to create a booth at a fair to raise funds. Which economic system would you use to decide wha
Anestetic [448]

Answer:

In my opinion, the booth should be organized following the model of an anonymous company, because the stand has a common objective and not an individual one.

Therefore, the constitution of the same should be equal in terms of expenses, and the same should happen with the profits. If a member could not contribute the same amount as their partners, his profit should decrease.

All members would be responsible for the booth to the extent they have participation, which would be marked by the money they contributed to create the booth.

Explanation:

Edge 2020

8 0
3 years ago
Read 2 more answers
The mechanistic perspective of the universe changed people's perceptions about government because it meant what?
lys-0071 [83]

I believe the answer is: government could be run by mechanical automatons who would force humans to do their bidding for the masters

technically, if government processes and procedures could be enumerated, or specified in a legislative document it might improve its efficiency in some sectors. But, machines would not be able to put emphaty which might be crucial in order to impose justice to the people.

3 0
3 years ago
List out important characteristics of good good governance​
Nutka1998 [239]

Answer:

Please see the answers below.

Explanation:

To begin with, governance is a word that describes the process or manner of conducting the affairs or policy of people, organization or a state. Good governance is the measure of how well affairs are conducted and resources are managed. The measure or standards of good governance are known as the characteristics of governance. They are many characteristics of good governance. The important ones are listed below.

Good governance must be:

1. Consensus oriented.

2. Effective and efficient.

3. Accountable.

4. Participatory.

5. Equitable and inclusive.

6. Responsive.

7. Transparent.

8. Follow the rule of law.

4 0
2 years ago
How could you best explain the principle of rule of law?
Sever21 [200]

Answer:A principle where every person shall beheld accountable to international human right laws, publicly declared laws, equally enforced laws, and independently adjudicated laws. No one is above these laws.

Explanation:

5 0
3 years ago
What were the causes of the Columbian Exchange and its effects on the Eastern and Western Hemisphere?
Fynjy0 [20]

Answer:

The Columbia Exchange is also known as the Great Exchange occurred in the middle of 1940's.

Explanation:

The Great Exchange is an exchange of cultures and livelihood of between Eastern and Western Hemisphere, in the areas of politics, economics, and social back ground.

The great exchange was caused by a strong desire for continents such as Europe, America, Africa and Asia, to participate in joint trading activities, which affected every strata (politics, economics , religion ) of the people and culture.

Crops such as Beans, were exported from America to Europe, Africa and Asia, and eventually grown in the continents they were imported to. As a result, they were issues of epidemics following the trade exchange, but such epidemics  were managed eventually.

4 0
3 years ago
Other questions:
  • After learning how to relax, herman begins his systematic desensitization treatment for his claustrophobia by
    9·1 answer
  • In one research study, a golf task was presented either as tapping "natural athletic ability" or as measuring "sports intelligen
    11·1 answer
  • Before the nation's first transcontinental railroad was completed, travelers to the Pacific Coast used which forms of transporta
    15·1 answer
  • A set of principles that dominated economic thought in the seventeenth century; it held that the prosperity of a nation depended
    10·1 answer
  • How did the colonists protest this law in the stamp act in 1765
    12·1 answer
  • Most members of Congress are
    12·1 answer
  • All police officers are peace officers, but all peace officers are not police officers. The legal status of peace officers is de
    9·1 answer
  • What were the motivations for Spanish settlement of the New World
    14·1 answer
  • What changes were taking place in the United States that led to conflict with Spain?
    5·2 answers
  • Selective collages choose to have in person meetings to learn more about the applicants. These meetings are called: A. Student o
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!