Answer:
The ability of an individual or group to carry out a particular economic activity more efficiently than another individual or group.
Explanation:
Some examples of non-price determinants include:
- 1) the number of sellers in a market,
- 2) the level of technology used in a good's production,
- 3) the prices of inputs used to produce a good,
<h3>What are Non-price determinants?</h3>
This refers to the different factors which are able to influence the demand for a product which is not price or cost related.
Please note that your question is incomplete so I gave you a general overview to get a better understanding of the concept.
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In all, an estimated 8,000 to 10,000 Iraqi forces were killed, in comparison with only 300 coalition troops. Though the Gulf War was recognized as a decisive victory for the coalition, Kuwait and Iraq suffered enormous damage, and Saddam Hussein was not forced from power.
Pakistan could serve as an effective mediator but they did not wanted to take any sides in this situation, because this is the best option for them.
Simple interest is paid only on the principal borrowed.
