Answer:
Self-employment is the state of working for oneself rather than an employer. Self-employed people generally find their own work rather than being provided with work by an employer, earning income from a trade or business that they operate.
Explanation:
Answer:
Option B:
inferior good; elasticity is negative
Explanation:
The income elasticity of demand is a measure of the rate at which a particular commodity is demanded, even after there is a change in the real income of the consumers.
It is a known fact that for inferior goods, once the real income of the consumers increases there is a higher tendency for them to switch to other premium commodities. Such goods are said to have a negative elasticity.
The income elasticity of demand can be calculated with this formula
percentage change in quantity demanded / percentage change in income.
If this gives a value that is less than 1, it means that the percentage change in the quantity of goods demanded is actually less than the percentage change in the income level of the consumers. Hence, the good is an inferior good. This is because when the consumers are earning more, they buy less of the product.
Answer: Well, first this relies on whether or not a pack plants twelve plants or just one. For the sake of this question, I will assume they plant one. Each plant costs two dollars and fifty cents to plant, and each are sold for five dollars, making two dollars and fifty cents profit on each. 12 times 2.5 is thirty dollars of profit total.
Explanation:
A cooperative. <span>A </span>cooperative--<span>a business owned by a group of people to meet mutual (economic, social and cultural needs and aspirations).</span>
Answer:
The correct answer is the option C: the working-age population to the number of dependents.
Explanation:
On one hand, the <em>dependancy ratio</em> is the name given, in the field of economics, to the term that refer to an age-population ratio that are and are not in the labor force. Moreover, this type of ratio focuses in measuring the pressure that the productive population has over the nonproductive population.
On the other hand, the <em>inverse dependay ratio</em> measures the amount of labor force that has to be provided regarding one dependent person. Therefore that it is understandable that <u><em>the inverse dependency ratio is defined as the reatio of the working-age population to the number of dependents</em></u>.
