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IrinaVladis [17]
4 years ago
13

The difference between positive economic statements and normative economic statements is that______.

Business
1 answer:
Trava [24]4 years ago
8 0

Answer:

Positive economic statements refers to the statements which are normally fact based, precise and easily measurable. For example, education facilities provided by the government increases the public expenditure. This is a fact based statement and the value of this statement is not judged. It can be proven by researching about the education facilities provided by the government.

Normative economic statements refers to the statements which are value based and opinion oriented. These statements includes the people desirability, feelings, situations, economic development. The basic aim of these statements is summarize the people's wants into the programs and the economic development by asking various questions.

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which of the following is the process of coming up with something new? a. Innovation O b. O Business Model c. Creativity d. Desi
ozzi

Innovation is the process of creating something new. Hence, choice A is right.

What do you mean by innovation?

Innovation is the process of coming up with a fresh concept or creating a good or service that has a market value that customers are willing to pay for and meets their requirements and expectations.

Design innovation is a technique used to generate innovation. It focuses on meeting human requirements with available technology and developing a workable business plan to capitalize on this market opportunity.

Hence option A is correct.

Learn more about Innovation:

brainly.com/question/16054260

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8 0
2 years ago
The market system is also known as ________, while the command system is also known as ________.
Afina-wow [57]

The market system is also known as capitalism, while the command system is also known as communism. The market system is owned by private ownership, businessman and companies, hence it has capitalism concept. The command system is owned by a community or public.

Hence it can be said that

The market system is also known as <u>capitalism</u>, while the command system is also known as <u>communism</u>.




3 0
3 years ago
Which results are expected in a personality test but not a skills assessment?
victus00 [196]

Answer:

The answer is A

Explanation: I have just taken this test and A was the right answer I took a good guess but that is what it is

7 0
3 years ago
Samson Company reported total manufacturing costs of $320,000, manufacturing overhead totaling $52,000, and direct materials use
Artemon [7]

Answer:

$204,000

Explanation:

Given that

Total manufacturing costs = $320,000

Manufacturing overhead = $52,000

Direct materials = $64,000

The computation of direct labor cost is shown below:-

Direct labor cost = Total manufacturing costs + Manufacturing overhead + direct materials

= $320,000 - $52,000 - $64,000

= $204,000

Therefore for computing the direct labor cost we simply applied the above formula.

3 0
3 years ago
Ashley bought an expensive pair of jeans. Her friend got the same pair of jeans for almost $20 less. What tip could have helped
sammy [17]
D, if Ashley had been looking at the bargains instead of jumping right in then she probably wouldnt have had to pay so much. Which is why it's always important to do your research and never be careless/reckless with anything.
7 0
3 years ago
Read 2 more answers
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