"Nice Poem, Now Eat the Potatoes."
- Irish Farmer
Answer: Income effect refers to the change in an income earned by an individual and with a percentage change upward or downward impacts consumer buying/ purchasing power of it
Explanation: You didn't put the answer choices so ii couldn't tell you exactly which one.
<span>A specific time during development when a particular event has its greatest consequences and the presence of certain kinds of environmental stimuli is necessary for development to proceed normally is called disi</span>
I can give you my take on it:
In command economies the quantity and more importantly the prize of the products is decided by the government and not by the people in production. As a result, people in the production can't have the motivation of producing more, as they won't benefit from it. So command economy encourages low motivation among the workers (i believe this was the case in the Eastern Block)