Scarcity helps people make more informed choices about how to use the resources that are available. The concept of scarcity works in business in the following ways: Scarcity is essential to the study of economics. A fundamental aspect of scarcity is the mismatch between supply and demand.
Answer:
Fast, informal and easy way for consumers to resolve disputes Inexpensive and no solicitors are required Unbiased and fair judgement convenient - online service high success rate approximately 75% cases settled.
Answer:
differences in human capital
Explanation:
Here are the options :
differences in human capital
differences in signaling
discrimination
chance
Human capital is an example of an intangible asset. It is the economic value attached to labours' skills and expertise.
Qualities of human capital includes
- Education.
- on-the-job training.
- Hard work
- experience
- Mental and emotional well-being.
- People management.
- Communication skills.
Tia's employer has more human capital qualities when compared with Eric's employer. Tia's employer is more hardworking and experienced. Due to these skills. Tia's employer is likely to make more profit than Eric's employer. This can explain the wage differential between Tia and Eric
Answer:
A. free-market conditions.
Explanation:
Free market are the condition in the market, which is not governed by the government and people are free to exchange their goods and services with others and market are solely operated by the law of demand and supply. Government does not interfere in the functioning of market and market is regulated by private players or entrepreneur.
Following are the disadvantages of free market condition:
- Profit is the only motive remain.
- High rate of unemployment and inquality.
- High chances of monopoly.
Answer:
Allowance for Doubtful Accounts of $1000 credit balance and Bad Debt Expense of $950 ($1000- 50 (unadjusted))
Explanation:
