I believe the answer is: scarcity and opportunity costs
A concert tend to happen on unpredicatble time, which make it considered to be scarce among fans. When we are forced to choose between going to concert or study, we would be forced to weigh the opportunity cost that arise when we sacrifice a certain option to pursue another, and choose the activity that give us the most benefit.
Answer:
Illiteracy level
Explanation:
One of the main dimensions in which indications of poverty are separated is education.<u> Indication of literacy rate is included in this category – without a literate society, there is no education at all.</u>
The literacy rate is connected to poverty in the sense that illiterate people can’t go to school, and later pursue higher education. <u>This means they have a predisposition to have a low-paying job or to be unemployed, which lowers their income. This leads to poverty. </u>
Some other indicators of poverty are lack of job opportunities, malnourishment, lack of access to healthcare, lack of drinking water, and sanitation.
Answer: Market structure
Explanation:
The market structure is one of the concept that helps in defining the various types organizational characteristics and the function of the market.
The market structure basically focuses on the main factors that affect the pricing of the product and the competition ion the market. There are three types of market structure are as follows:
- Perfect competition
- Buyer's control
- Imperfect competition
According to the given question, the pure competition is one of the component of the market structure as it helps in determine the actual market share, identical products and the freedom in the existing industries. Therefore, Market structure is the correct answer.
The Congress accepted Smithson's bequeathed and pledged to the United States for a charitable trust. After many years of debates, an Act of Congress that was signed by President Polk, stating that Smithson's money will be used to establish the Smithsonian Institution. Since its founding until the recent, Smithsonian Institution became one of the world's largest museum.
