The idea of supply and demand is based on the development of sufficient products to meet consumer wants if the company itself created the product that has an increase in demands from the consumer, they must create more to meet the demands increasing their supplies.
In a traditional economy, economic decisions are based largely on?
Custom.
Answer:
A. Culture.
Explanation:
The culture of poverty in a sequel like this argues about the poor in the United states precisely fending for themselves by finding or engaging in different forms of jobs to aid their well being and survival in the society which is way or far much different from those found in the higher or the elite class of the society.
A lot of activities which includes illegal work, multi generational living arrangements, multi family households, serial relationships in place of marriage, and swapping all reflect specifically on ideas about the culture of poverty.
Gabby is motivated to work hard in a capitalistic society, because "she wants to do well for herself".
Gabby is motivated to buckle down in a capitalistic society in light of the fact that the more benefit the organization wins, the more noteworthy potential she needs to win cash and find real success. Capitalism is a monetary framework founded on private ownership for methods for generation and their activity for benefit. Qualities mainly of the capitalism incorporate private property, capital gathering, wage work, trade, a price framework, and competitive markets. The historical backdrop of capitalism has assorted and much discussed roots, yet completely fledged capitalism is by and large idea to have risen in north-west Europe in the 16th and 17th centuries.
