Answer:
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Answer:
Nathan's contention is wrong.
Explanation:
Storage of money at home involves the opportunity cost of losing out on income that would've been generated had the same money been invested elsewhere or deposited with a bank.
Secondly, money stored at home is vulnerable to theft and other forms of risks.
Thirdly, stored money at home does not contribute to any economic benefit since such money is out of circular flow of money in the economy. So it yields no return.
Thus, Nathan's contention of stored money at home being costless is wrong.
answer:
removing control of their labor and their sense of independence.
This type of demand is classified as autonomous demand. Autonomous demand does not depend on other products but is due to increase in consumer usage by natural desire. This type of demand is relative to the needs of the consumer.
