<u>Answer:</u>
With the idea of the<em> primacy of the consumption over the production. </em>The idea of power of consumption over production was presented by <em>Adam Smith in 1776. </em>
He accepted that the interests of the customers are a higher priority than those of the producers in light of the fact that the sole motivation behind production is consumption. <em>They are interrelated; obviously, one is not possible without the other. </em>
For an entrepreneur to be fruitful, they have to regard and study individual needs because these will figure out what should be produced, and, help the success of the producers. <em>Customers have the ability to choose (power) how the market must work.</em>
Answer: its not a household item but washing the dishes
Explanation:
thought it was unconstitutional and argued against it,
The correct answer is D. Specific knowledge is excludable, while general knowledge is not excludable.
Explanation:
General knowledge refers to information, facts, etc. that are basic, and due to this, they are known by most of the people. Indeed, general knowledge is obtained through basic education, interaction with others and exposition to media. Moreover, general knowledge covers multiple areas. On the other hand, specific knowledge focuses on specific areas and covers complex facts, information, etc. Also, in most cases, specific knowledge can only be acquired through formal training or education.
Besides, in terms of excludability (quality of a service or product that needs to be paid to be acquired), specific knowledge is mainly excludable because people who do not pay for formal training cannot obtain it. On the opposite, general knowledge is not excludable as this can be obtained for free, and therefore it is not possible to control this (Option D).
