Explanation:
The can find out by observing the child's behaviour.
Answer:
There is a demand because people can use the money to purchase the goods and services they need and want. Goods and services are what ultimately matter in the economy, and money is a way that allows people to acquire the goods and services that they need or want. It allows people to obtain what they need to live.
Explanation:
Many of the British people responded to the news of the Battle of Yorktown with acceptance. They accepted the American and French aided defeat. They were tired of the long, drawn out war with the American colonies and wanted to focus on India and the West Indies.
The British King however, was not ready to accept defeat but Parliament no longer was willing to support the war with America.
Answer:
Key Takeaways
Explanation:
Market economies utilize private ownership of the means of production and voluntary exchanges/contracts. In a command economy, governments own the factors of production such as land, capital, and resources. In reality, all economies blend aspects of the two.
Some goods are needs, and not wants. If the company decided to overprice, then when nobody can afford, everybody suffer. That is why the Office of Price Administration set limits to prices to avoid high prices and inflations.
hope this helps
