Every time you go to the grocery store, you try to wait in the shortest line. but the lines always seem to be roughly the same length. Everyone else is trying to choose the shortest line, too.
Microeconomics studies the business behavior and decision-making of individuals, households, or firms. More specifically, this area of economics focuses on the interactions between those who buy products (consumers) and those who sell them (producers). They help describe general patterns of behavior.
High-income countries have built grocery stores as a living standard advantage for decades, so even with high growth rates, low-income countries can struggle to catch up.
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Explanation:
The activity of setting up a business or businesses, taking on financial risks in the hope of profit is called enterprenurship
Answer:
Knowledge economy is the "knowledge intensive activity for production of goods as well as services."
Explanation:
The type of economy in which the production of goods as well as the services will depend upon the knowledge intensive activity is called as the Knowledge economy. The result of this knowledge intensive activity will be the large portion of the economic growth and also employment. It plays a major role in human capital. Firms also need to attract and retain the workers by adapting new mode of economy. Various latest growth theories will help in increasing the human capital by increasing the knowledge in order to provide the latest source of economic rise and increased productivity.
Answer:
Nepal is a country of Natural beauty. It has unlimited natural resources. There are 14 peaks of heights above 8000m. Among them, the highest peak of the World Mt. Everest (Sagarmatha) which is 8,848m. It is located in the Mahalangurn mountain range in Nepal and Tibet.
Sagarmatha has been named in the name of British surveyor Colonel of Royal Geographical Society. Mount Everest attracts many climbers, some of them highly experienced mountaineers. There are two main climbing routes, one approaching the summit from the southeast in Nepal (known as the standard route) and the other from the north in Tibet. Neplese are identified as honest, kind and good people in the World
