Answer:
Cost before adding taxes and incorporating variations
Explanation:
The sub-totals are basically sum of the cost from individual pages before including value added tax or any other tax depending with the state regulations. At this stage, contingencies and variation of prices are not considered. Therefore, the sub-total for building materials only include the materials on site or materials used as per the bill of quantities and certified by the engineer.
Unlimited wants is an economic term that refers to humans’ insatiable appetite for things. We never get enough because there is always something else that we need or want. The term ‘unlimited wants’ is the side of human nature that wants an infinite number of things. However, the resources we have available to get these wants are limited.
There are two halves of scarcity that have plagued us ever since we first set foot on this Earth:
Limited resources.
Unlimited wants.
The Economics of Seinfeld says the following regarding the term:
“Unlimited wants essentially mean that people never get enough, that there is always something else that they would like to have.”
“When combined with limited resources, unlimited wants result in the fundamental problem of scarcity.”
Unlimited wants – limited resources
What we want and need has no limit, i.e., it is infinite. However, what we can afford is finite, i.e., it has a limit. This is a basic condition of human existence.
We are never completely satisfied with everything we consume. We consume a variety of goods and services, but they are never enough.
In other words, there is always something else that I, you, or anybody else would want or need.
The term applies to all socioeconomic groups. Low-income groups have limited resources, and their wants always exceed those resources. However, the same happens with middle-income and upper-income groups. They never feel they have enough.
The reason is a very simple one. Every income group’s resources are finite. However, unlimited want is a feature of every human.
Put simply; our wants and needs are infinite, but our wealth is not.
The economic problem – unlimited wants
‘The economic problem‘ is a term that economists use. It states that the finite resources of an economy are not enough to satisfy all our wants and needs. We also call it ‘the central economic problem‘ or ‘the basic economic problem.’
The main question we ask when considering ‘the economic problem’ is: “How do we satisfy unlimited wants with limited resources?”
As we cannot produce everything, we have to prioritize. We must decide what to produce, how to produce it, and how much to produce. We must also determine for whom to produce.
Human wants are constant and infinite, but the resources to satisfy them are finite. The resources cannot exceed the amount of human and natural resources available.
We produce things that we know people want, as long as we have the resources to make them. How strong or weak demand is determines how much we charge for those things. It also determines how much we produce (supply).
In other words, markets fores, i.e., the forces of supply and demand, in a free market economy, determine prices.
Wants vs. needs
Needs are things without which we cannot survive. Wants are things we desire. However, we can survive without those wants.
Food, water, and housing, for example, are needs. Clothing is also a need. Without food or water, we would die. We would probably die too without housing. In cold countries, we would not survive without clothing.
A nice car, smartphone, and vacation by the beach are wants. If I don’t have a nice car, I will still live. If I don’t go to Cancun for my winter break, I won’t die. However, I want these things.
Fundamental needs are key in the function of the economy. Wants, however, are the driving forces that stimulate demand for things, i.e., demand for goods and services.
We can say either ‘unlimited wants’ or ‘unlimited wants and needs.’
Answer:
The best way to ensure that OSHA will conduct a site inspection is by the submission a signed (by a current employee or employee representative) Formal Written complaints following OSHA guidelines (which can be found in the Council of Safety and Health (COSH) website) which will enable the commencement of process for an on site inspection
As such it is advisable to go through the following procedure before, filing a complaint
1) Talk to your workers union about the hazard
2) If you do not belong to a union, talk to your co-workers
3) Inform your employer who has responsibility for on the job safety
4) Speak or have a meeting with OSHA so as to receive guidance before filing a complaint
Explanation:
Air supplied to a pneumatic system is supplied through the C. Actuator
Explanation
Pneumatic systems are like hydraulic systems, it is just that these systems uses compressed air rather than hydraulic fluid. Pneumatic systems are used widely across the industries. these pneumatic systems needs a constant supply of compressed air to operate. This is provided by an air compressor. The compressor sucks in air at a very high rate from the environment and stores it in a pressurized tank. the Air is supplied thereafter with the help of a actuator valve that is a more sophisticated form of a valve.
From the above statement it is clear that Air supplied to a pneumatic system is supplied through the Actuator