elastic supply (PES or Es) is a measure used in economics to show the responsiveness, or elasticity, of the quantity supplied of a good or service to a change in its price.
So the answer would be elastic supply. lawn care service would be elastic. If the price went up too much people would stop using it.
Answer:
This is an opinion piece, here are your options.
Explanation:
Capitalism - Free market, individuals own the means of production. Survival of the fittest and most fortunate. Individualistic society.
Socialism - The means of production are owned by the collective, rather than individual CEOs. Few private enterprises.
Communism - The government owns the means of production. No private businesses. Collective society.
The wealthiest citizens of ancient Rome were "patricians"--meaning literally "fathers". These people were not only the wealthiest but had by far the most political sway of any other social group.
Answer:
The answer would be Recession.
Explanation:
Slow Economic activity with prices low and many people out of work is the main sign of Recession.
Recession is the term used in Macroeconomics, which refers to the significant decline in the economic activity of a country. This recession can happen in a country, or countries or in the whole world. Almost all of the economic indicators show a fall. Main economic indicators that indicate the overall condition or situation of the economy may include, Gross Domestic Product GDP, Household Income, Business Profits, Investment Spending, etc. These indicators fall where as the other indicators like unemployment rate, unemployment claims, bankruptcies, etc rise.
So when the general economic activity slows down, and many people are out of the work, it is the indication of Recession in the economy.
Romanticism is the nineteenth century artistic trend that was a reaction to Enlightenment rationalism.
