If a price control causes a surplus the market will become inefficient because:
1. The producer will manufacture the same amount of goods as he did previously but the surplus will increase its cost and the goods will not be sold in the market, it will result in the wastage of goods and resources if they are kept in one place for a long time.
2. The surplus will cause an equilibrium in the market in terms of supply and demand.
3. If the goods are not sold in the market for a long time, it will stop the circulation of money.
Meaning of Inefficiency :
It means the lack of ability to achieve a certain goal without wasting energy, resources and time.
True. Sometimes, the art of budgeting is a necessity in family set-ups. This way when retirement approaches there is room for extra expenses and money is available for leisure. The demands of family life is very hectic and one must always learn how to manage those demands.
Answer:
C
Explanation:
i would say C because as we know the world competes even more so in the business industry so it's supply and demand kinda
Answer:
This is an example of prejudice.
Explanation:
Prejudice refers to any behaviour or idea that expresses an irrational or unfounded judgement towards a social group. As the word implies, it means "judging before knowing".
Age is only one of the many ways in which predujice can manifest; prejudice can also be based on sex, religion, social classes, nationality, occupation and several other characteristics.
