1. To resolve the issue of representation
Answer:
Factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.
Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources.
In a mixed economic system, most economic decisions are made by consumers or sellers, but some economic decisions are made by the government, such as those dealing with safety regulations, infrastructure (e.g., roads), education, military spending, and certification and business licensing.
Money helps to facilitate trade. Money is a medium exchange because buyers and sellers agree to its common value. Money can lose its value during periods of hyperinflation, when too much money is dumped into an economy.
Explanation:
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Answer: You have the advantage to fold laundry and cook a meal faster than your roommate because you can fold in 2 hours and prepare a meal in 1 hour, which is 3 hours in total. However, your roommate can fold laundry in 3 hours and cook a meal in 1 hour which is 4 hours in total. So you have an advantage because you take 1 hour less than your roommate.
Paypal i think it would also be under online pay systems
Explanation:
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