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Liono4ka [1.6K]
3 years ago
10

In 1 or 2 sentences, explain the link between economic wants and preferences.

Business
2 answers:
garri49 [273]3 years ago
7 0
Economic wants are the products want if they had unlimited purchasing power while <span>economic preferences are compared to some goods which may not be necessary to purchase.</span>


andriy [413]3 years ago
4 0
<h3>Answer:</h3>

A connection within economic wants and preferences is regularly the essential necessities that are required for our everyday living. Preferences can be presented later determining the economic wants and primary requirements of the people included.

<h3>Explanation:</h3>

An economy is a field of the generation, dissemination, or business, and consumption of goods and assistance by different factors. Known in its wider sense, The economy is described as a social area that indicates the practices, discussions, and material representations connected beside the reproduction, use, and control of sources. Economic factors can be individuals, corporations, establishments, or governments.

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Setler79 [48]

Answer:

d. living paycheck to paycheck

Explanation:

Being financially stable means the ability to generate sufficient income to meet current and future expenditures. It means one can comfortably pay current bills, and have enough to meet for unexpected or emergency expenses.  A financially stable person can afford the basic need as well secondary needs such as education, investments, and vacations with ease.

From the list provided, examples of financial stability will include the ability to save for the future, meet current bills, and not living paycheck to paycheck. Living from paycheck to paycheck means a person spends all his or her earnings within the month. In most cases, their monthly budgets exceed income. The individual may have slightly enough or insufficient resources to last them until the next payday.

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3 years ago
Which of the following statements is true?-direct costs can easily be traced to a cost object; indirect costs cannot be-both dir
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Answer: Statement A

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From the above explanation we can conclude that statement A is correct.

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3 years ago
A blank is a plan which an individual balances available resources and expense
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7 0
3 years ago
Read 2 more answers
In comparing the relationship between the promotional mix and the aida model, marketers have generally concluded that advertisin
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The AIDA model, which stands for Attention, Interest, Desire, and Behavior Model, is an advertising effectiveness model that identifies the stages people go through in the process of purchasing a product or service.

Learn more about the Aida model at

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6 0
2 years ago
Money is a productive asset. Its opportunity cost is:
dsp73

Answer:

The correct answer is A. The time value of money.

Explanation:

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