Answer:
generic goods.
Explanation:
Generic goods -
It refers to the type of packaging , where only the type of product present inside the packet is written , rather than specifying the name of the brand , is referred to as generic goods .
For example ,
Mentioning the package with rice , cola , beans etc. , is the example of generic food .
Hence , from the given scenario of the question ,
The correct answer is generic goods .
Answer:
The justification for the problem is listed in the explanation section below.
Explanation:
- No, we could not claim the GDP decreased by 0.6% because overall market revenue declined by 0.6%. Maybe it's because the domestic product of such a country is a specific concept that includes changes in different quantities that elements before we could even quantify the total increase throughout the GDP of such a country.
- It perceives impact on consumption expenditure, financial obligations, government expenditure, alterations in export growth, and so on. Until we can conclude on something like net fluctuations in the price of such a country ’s GDP.
So that the above is the right answer.
In a communist country, the means of production is owned by the government. There is no private ownership. All people work for the benefit of all. Industries are under nationalization for economic development.
Answer:
Economics is different from other social sciences because it gives special emphasis to the study of ______; it is similar to other social sciences because they are all concerned with the study of _______.
the answers are opportunity cost; choices
Explanation:
The major emphasis of economics is how people choose among the alternatives available to them. Economics studies the concept of opportunity cost (i.e) the wants left unsatisfied in other to satisfy more pressing needs. Since the study of economics arises as a result of scarcity, the act of choosing important want to be satisfied and leaving less the less important ones unsatisfied is an important aspect that economics studies
However, It is similar to other social sciences because it involves people and their behavior. (i.e people and their choices) subjects such as political science, sociology, psychology etc. all studies human behavior and how human reacts to what they are faced with daily.
I think it's True.
In politics and business, it works as is.
If rate of interest changes, it directly impacts current annuity.