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stellarik [79]
3 years ago
13

Describe the meaning of utility in economics and explain why it is different from one consumer to another

Social Studies
1 answer:
Ber [7]3 years ago
5 0

Utility is widely used in economic science to explain how consumers or decision makers make their choices in the best way.

Even if it is not possible to measure the utility that a consumer attributes to a specific good, the theory seeks to compare and classify the alternatives of choice to the good.  Is not possible because the consumers have their own parameters and specifics to choose a good.

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What factor contributed to the rise of communism in the early
Vera_Pavlovna [14]

Answer:

Explanation:

Actual existing communism requires two basic elements:

Emotionally mature citizens who are willing to make sacrifices and share with others

An honest, competent government trusted to act as a neutral arbiter shaping national consensus.

Russia possessed neither of these elements in 1911 and did not develop them sufficiently to ensure the development of communism.

China possesses both. Its Confucian tradition inculcates sharing and mutual sacrifice and its governance tradition has always produced trusted governments that act as neutral arbiters shaping national consensus.

China is also patient: it allowed 100 years to elapse after Mao founded the CCP in 1921 before reaching the first pre-condition for communism: modest but general prosperity and harmony, a society. In 2021 every Chinese will have a home, a job, plenty of food, education, safe streets, health- and old age care, 300,000,000 urban Chinese will have more net worth and disposable income than the average American, their mothers and infants will be less likely to die in childbirth, their children will graduate from high school three years ahead of American kids and live longer, healthier lives and there will be more  more homeless, poor, hungry and imprisoned people in America than in China.

7 0
3 years ago
The United States and Canada have __________ economies that have multiple kinds of economic activity.
lutik1710 [3]

The United States and Canada have "diversified" economies that have multiple kinds of economic activity.

This is because a diversified economy is a type of economy that is based on multiple or different economic sectors.

Typically, the economy of the United States and Canada is based on different sectors such as services, technology, manufacturing, information, among others.

Hence, in this case, it is concluded that there are various economic activities in the United States and Canada. Thus the correct answer is option B. "Diversified."

Learn more here: brainly.com/question/24098123

8 0
3 years ago
Think about the theories of intelligence that highlight the idea of people having many different types of intelligence. How woul
Burka [1]

Answer:

This is the answer

Mark me as a brainliest pls

5 0
3 years ago
Individual differences in relation to a generalized belief about how one is affected by internal versus external events or reinf
liraira [26]

Answer:

locus of control

Explanation:

8 0
3 years ago
From64 photo to 21 photo​
Tatiana [17]
42 is the answer I’m going for

4 0
3 years ago
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