Cecilia's economics expertise helped her make a wise commodities purchase because she recognized that buying diamonds would satisfy her desires and needs.
<h3>What prompted Cecilia to purchase the diamonds?</h3>
When the cost of diamonds falls, so does the cost of creating a diamond necklace, and so does the price of a diamond necklace.
In addition, the supply of diamonds would grow as a result of the new diamond mine's opening. Making a diamond necklace would be expensive as a result of this.
Thus, diamonds would satisfy her desires and needs.
For further details about prompted Cecilia to purchase the diamonds, click here:
brainly.com/question/26731909
#SPJ1
Answer:
Purchases Labor market
Explanation:
A simple circular flow of income model is and economic model that shows the movement of goods and services between the firm and the house hold and in the opposite direction is the flow of money between the firm and the household.
The Household provides factor input to the firm and in return receives rewards for the input in form of money from the firm, the firm on the other hand supply the household with goods and services and receives payment from the household, these transaction flow is thought of as a movement in circular direction, hence the term circular flow of income.
Yes, the bakery is applying the concept of specialization
Answer:
b. professional bureaucracy
Explanation:
Bureaucracy refers to a kind of organizational structure which is governed by a clearly defined authority and rigid rules and regulations alongside long chain of hierarchy and reporting, which makes decision making a time consuming affair.
As per Mintzberg, professional bureaucracy is characterized by standardization of skills coupled with vertical and horizontal decentralization of responsibilities.
Such form of organizational structure allows for greater degree of autonomy and control to the professionals w.r.t their work. Such a bureaucracy recognizes the authority of professional expertise instead of the authority of hierarchy.
Such form of organizational structure is usually followed by schools, hospitals and universities wherein, the professional expertise of doctors and teachers define the authority instead of a pre existing chain of hierarchy that dictates what one is permitted to do.
The answer is to lay out or include your business plan, it is because including your business plan is a means of showing your step by step or a way of showing a process towards the goals and the structure you want for your business in means of carrying out and attaining the things you want in your business.
