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3 years ago

What is economics, and how are the three sectors of the economy linked?

Business

1 answer:

marysya [2.9K]3 years ago

3 0

Answer:

This is a part of my Economic Resources doc and I'm not sure about the second part of the question but I hope it helps!

Explanation:

ＥｃｏｎｏｍｉｃＲｅｓｏｕｒｃｅｓ

For a firm (producer) to make any product, it needs to use ECONOMIC RESOURCES. These are INPUTS to be used together or combined efficiently to produce goods/services.

Ｗｈａｔｙｏｕｎｅｅｄｔｏｋｎｏｗ：

What is a PRODUCER?

a person, franchise, brand or country etc. that makes, grows, or produces goods and services for sale to customers or consumers.

What is a RESOURCE?

a stock or supply of goods, materials, and products that can be bought by a person or organization in order to function effectively.

What is an ECONOMIC resource?

Natural supplies that can be used to make a product. It is important for the success of the company.

ＣｌａｓｓｉｆｉｃａｔｉｏｎｏｆＥｃｏｎｏｍｉｃＲｅｓｏｕｒｃｅｓ：

Natural resources (LAND)

Natural resources are ones who are not man made and are there naturally. This could be land, light, water, electricity, etc.

Human resources (LABOUR)

Capital resources (CAPITAL)

Entrepreneurship (ENTERPRISE)

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Project evaluation from the ________ viewpoint serves some useful purposes and/but should ________ the ________ viewpoint.

Afina-wow [57]

Project evaluation from the local viewpoint serves some useful purposes and/but should be subordinated to the parent's viewpoint.

Project evaluation is the process of measuring the success of a project, program or a portfolio. The project evaluation process has been around as long as projects themselves.

In a project, every aspect of the project such as risks, costs, scope, or return on investment (ROI) is measured in order to determine if it’s proceeding as planned. Thus, it should be subordinated to the parent's viewpoint.

Hence, it requires the evaluator to gather important information to analyze the process and outcome of a certain project.

To learn more about Project evaluation here:

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2 years ago

Holly would like to plan for her daughter’s college education. She would like for her daughter, who was born today, to attend co

Ugo [173]

Answer:

Holly must save $2845.81 at the end of each year

Explanation:

first calculate the value of tuition fees at n = 18

Cash flow formula = Tuition × $(1+0.07)^{n}$

Discounted CF formula = Cash flow ÷ $(1+0.10)^{year}$

10.00% 0

Year Cash flows Discounted CF

0 33,799.32 33799.32

1 36,165.28 32877.52

2 38,696.84 31980.86

3 41,405.62 31108.66

FV = $129,766.37

PV = 0

N = 18

rate = 10%

using PMT function in Excel

Annual contribution = $2845.81

4 0

3 years ago

In calculating earnings per share, companies deduct preferred dividends from net income if:

Savatey [412]

Answer: Option B

Explanation: Earnings per share is calculated by dividing net income available to common shareholders with the weighted average number of shares.

Deduction of preferred dividends from net income is done only when dividends are declared by the entity, otherwise not. Preference shareholders have priority over common shareholders in case of dividends, so it will result in reduction of earnings to common shareholders but only when the dividends are declared and distributed.

7 0

3 years ago

Palmetto regional hospital has designed an upcoming research project for determining the best methods for improving patient care

Lina20 [59]

The next step the organization must take in the marketing research process is "Collecting data".


The Marketing research process refers to an arrangement of five stages which characterizes the errands to be expert in directing an advertising research study. These incorporate issue definition, building up a way to deal with issue, look into plan detailing, field work, information planning and investigation, and generating report and introduction.

6 0

3 years ago

For the U.S. soft drink market, of the 300 million people in the U.S., 80% of the population is the maximum number of consuming

neonofarm [45]

Answer:

Annual market potential = $85,848 millions

Explanation:

The annual market potential is the expected sales value for the soft drink product for a year should the maximum number of potential consumers purchase the product at the average price.

Annual market potential = Average price × No of consuming unit × consumption rate per annum

Maximum number of consuming unit = 80%× 300 million =240 million

Consumption rate per buyer per annum = 365

Average price = $0.98

Annual market potential ($) = 0.98× 240× 365 =$85,848 millions

Annual market potential = $85,848 millions

6 0

3 years ago