Answer:
c. is a problem that exists in every economy.
Explanation:
Scarcity is shortage of supply with respect to demand.
This arises because of (causes) : Unlimited Wants, Limited resources having alternative uses.
Scarcity is a problem of each & every economy : underdeveloped, developing or developed economy. Eg - Developed Economy like US might be labour scarce, capital abundant & Developing Economy like India might be capital scarce, labour abundant.
This leads to (effects) : 3 Central Problems of Economy - What to produce , How to produce , For Whom to Produce .
Businesses and entrepreneurs are more willing to take up projects with high relative profit because they are looking for profits.
Explanation:
The government sponsored projects which are on offer do not generate as much revenue for a firm that they can earn for a similar project in which the per unit cost of production will be covered better as the consumer will be paying them more.
In government funded projects, they will not receive enough benefits from the government to cover their costs and justify the price drop which comes with people expecting lower rates from products associated with the work of the government.
Thus is it viable to work on private projects more.
Answer:
0.5.
Explanation:
Assets - Liabilities = Owner's Equity.
As the name states, the debt to equity ratio is simply obtained by dividing total debt (liabilities) by the total equity, total assets should not be included:
Rajan Company's debt to equity ratio is 0.5.
Answer:
Private business freedom : Capitalist or Market Economy. Henry is more likely in Socialist Economy.
Explanation:
Economy type in which private sector has full freedom, un-intervened by government or state control is Capitalist or Market Economy. Profit maximisation motive & high consumer choice, sovereignity such economy's main features.
Henry's country which gives incentives to reallocate production choice 'what to produce' (from consumer goods to military goods). He has more efficient idea for work implementation, but lacks incentive (probably due to lack of creative & innovative ideas reward). These features characterise a Socialist Economy, in which government or state has supreme power over central economic decisions. Social welfare is considered priority, government monopoly curbs innovation & creativity, there is less consumer choice, sovereignity.
Answer:
The shortage is partly because of the failure of the national education and training system to supply the economy with much-needed skills.
