The answer is needs. It would be defined as goods or services that are required. This would comprise the needs for food, clothing, shelter and health care. Wants, on the other hand, are goods or services that are not necessary but these are wanting we desire or wish for. For instance, one needs clothes, but one may not need designer clothes. One needs food but does not have to have steak or dessert.
He wrote that as time progressed, race discrimination started to gradually decreased as people started to care about social mobility and Global economic structuring.
The difference of treatment that people felt based on race in our current society is way better than it has in the past
hope this helps
The steps of the research cycle in the correct order is given as:
⇒ Deductive approach/above theory
⇒ hypothesis
⇒ empirical observation/inductive approach below
⇒ Analysis.
<h3>What is the research cycle?</h3>
The research cycle is a set of steps that guide us through the process of gathering data and generating conclusions.
<h3>What is the research cycle's purpose?</h3>
Its primary goal is to generalize results. Qualitative research designs, on the other hand, are used to comprehend experiences and viewpoints using non-numerical data such as words and text.
<h3>What is the most important stage of the research cycle?</h3>
The first stage in doing research is to define the scientific problem. To minimize misinterpretation later, it is critical to precisely express your concern.
The formulation of scientific problems is often acknowledged as the most challenging and significant aspect of any research activity.
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To write an essay on characteristics of a successful entrepreneur that can help a school leaver to become a successful entrepreneur, it is necessary to conduct in-depth research on the topic.
<h3 /><h3>What are the essential characteristics of an entrepreneur?</h3>
It is essential that every entrepreneur seeks to develop skills that increase their vision of the market and their relationship with stakeholders. Some essential skills are:
- Motivation
- Eyesight
- Self-confidence
It is essential that every entrepreneur has a vision of a business that is new to the market and is innovative to satisfy the needs and desires of the consumer.
Motivation should guide your actions that will lead to business development, as well as self-confidence, which will lead to a better understanding of risks and effective decision making.
Therefore, to build your essay, you should start with a concise and compelling introduction on the topic, holding the reader's attention, introduce about three paragraphs of development and a conclusion about your ideas.
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The correct answer is B. Deflation is the reduction of prices.
