Answer: Medium-term goals
Personal finance goals can be classified as follows, based on time.
- Short term goals : refers to the amount of money one needs to earn and save in order to meet the financial needs within the next one year.
- Medium term goals : refer to the amount of money a person will need anywhere between one and five years from now. This might include a down payment for a car, a down payment for a house, planning for a long vacation etc.
- Long-term goals: are aimed to cater to financial requirements in the distant future (greater than five years). This may include retirement planning, university fees for children etc.
Inferential Statistics is your answer
Answer:
b technological progress shifting the demand for horses to the left
Explanation:
The development of automobiles and other machinery reduced the demand for their use.
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Answer:</h3>
C. The government
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Explanation:</h3>
Vocabulary
First, it is important to define the key terms in the question and answers.
- Planned Economy- A planned economy is an economy where the investments and capital are allocated by the government.
- Commodities - Commodities are economic goods that have real value due to their real-life usefulness (like lumber) or rarity (like gold).
How Planned Economies Work
As its name suggests, a planned economy plans the economy out and the price of goods within the markets. These plans are created by the government. This means that private businesses, consumers, and supply/demand do not control prices. Only the government can do that because the government has full control of planned economies. This is the reason that planned economies are also called command economies because the economy is commanded by the government.