Answer:
An economic system is any system of allocating scarce resources. Economic systems answer three basic questions: what will be produced, how will it be produced, and how will the output society produces be distributed?
There are two extremes of how these questions get answered. In command economies, decisions about both allocation of resources and allocation of production and consumption are decided by the government. In market economies, there is private ownership of resources—established though property rights—and the factors of production and consumption are all coordinated through markets. In a market system, resources are allocated to their most productive use through prices that are determined in markets. These prices act as a signal for buyers and sellers. Most economies are mixed economies that lie between these two extremes.
In either system, a rational agent would allocate resources and production using marginal analysis. In command economies, this is more difficult to do because without markets, prices fail at being an effective signal.
Thank you and please rate me as brainliest as it will help me to level up
Answer:
An informal social contract
Explanation:
This is an example of an informal social contract. A social contract refers to an agreement made for mutual benefit between two parties in society. While this most often applies to an agreement between the government and its citizens, it can also refer to an agreement between different people in society. In this example, the two passengers have a contract of helping each other because this ensures that such behaviour is repeated in society until it becomes the norm. The contract is informal as it is not written anywhere, but is tacitly understood by people.
Answer:
Tropical evergreen forests are usually found in areas receiving more than 234 cm of rainfall and having a monthly mean temperature of 20 °C or higher in the coldest months. They occupy about seven percent of the Earth's surface and harbour more than half of the planet's terrestrial plants and animals. Tropical evergreen forests are dense, multi-layered, and harbour many types of plants and animals. These forests are found in the areas receiving heavy rainfall (more than 200 cm annual rainfall). They are very dense. Even the sunlight does not reach the ground. Numerous species of trees are found in these forests. Different types of trees shed their leaves at different times of the year. Therefore, these forests always appear green and are known as evergreen forests. These forests are found in the Andaman and Nicobar Islands, along with the slopes of the Western Ghats and parts of Northeastern states of Assam, West Bengal and Odisha. These areas experience hot and humid climate with the short dry season. The important trees of these forests are rosewood, ebony and mahogany.
Equatorial evergreen forest is considered to be impenetrable because it does not allow sunlight to reach ground. Tropical evergreen forests are dense, multi-layered, and harbour many types of plants and animals.
explain it please its a little confusing if u could summarize it
