Scarcity has an impact on how people value goods and services, as well as how governments and private companies divide resources. The infinite wants of the consumers define the economic value of an item.
<h3>What factors influence the economic value of an item?</h3>
The relationship between supply and demand for a specific product determines relative scarcity.
The scarcity principle is an economic theory that explains the dynamic supply-and-demand price relationship.
The scarcity principle states that if an item has a low supply and a high demand, the price will rise to meet the predicted demand.
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If the US government reduces the paid by the wealthiest citizens, while decreasing welfare payments to the poorest Americans, the result will likely be <u>efficiency and a loss in equality in the US.
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Income Tax
The word "income tax" refers to a category of tax that governments apply on income produced by organizations and people under their control. Taxpayers are required by law to file an income tax return each year in order to establish their tax liabilities.
Income taxes provide money for governments. They are employed to settle government obligations, finance public services, and satiate the needs of the populace. Along with the federal government, several states and local governments also require payment of income tax.
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Answer:
The answer is behavioural segmentation
Explanation:
Behavioral Segmentation is a form of customer segmentation that divides consumers according to behavior patterns as they interact with a company. One of the objectives is to understand how to address the particular needs and desires of customer groups..
It helps us to analyze how consumers used their cards and how much they valued rewards. We have benefit-seeking buyers, Loyalty-oriented purchasing etc
Answer:
(A) manipulation of government spending and taxes to stabilize domestic output, employment, and the price level.
Explanation:
Fiscal policy is a means used by the government for the maintenance of the economy of the nation. This is the means by which the government influences a nation's money supply.
When the money in the economy increases alongside the increase of demand, the value of money in the economy will be decreased. Fiscal policy can now be used to curb excess money in the economy. Fiscal policy is mainly for the stabilization of the nation's economy.
Answer:
A. degree to which people feel valued
Explanation:
The degree to which people feel valued is the answer that most closely determines or shapes an organization's climate.
If people feel valued in an organization, the general climate of it will be more positive, because workers will likely feel happy to work there.
The opposite happens if people do not feel valued: the climate of the organization will probably be negative.
