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Lisa [10]
3 years ago
14

How does financial status impacts marital stability.​

Social Studies
1 answer:
Whitepunk [10]3 years ago
7 0

Financial status impacts marital stability in many different ways. If a married couple struggles with financial worries there would be be blaming, worrying and shame in the family that can lead to many arguments. ... The couple may feel tense and the tension may even contribute to the break up of the marriage.

Financial matters affect not only financial satisfaction, but also marital satisfaction and quality of life. With the potential to influence so many aspects of everyday life, continued research in understanding the processes involved in this fundamental area of family studies is vital. Satisfaction with one's financial status can enhance marital satisfaction, and more broadly, life satisfaction. Conversely, financial difficulties and dissatisfaction with one's financial status can lead to marital conflict and divorce.

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3 years ago
How does a command economic system answer the three economic questions?
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Answer:

An economic system is any system of allocating scarce resources. Economic systems answer three basic questions: what will be produced, how will it be produced, and how will the output society produces be distributed?

There are two extremes of how these questions get answered. In command economies, decisions about both allocation of resources and allocation of production and consumption are decided by the government. In market economies, there is private ownership of resources—established though property rights—and the factors of production and consumption are all coordinated through markets. In a market system, resources are allocated to their most productive use through prices that are determined in markets. These prices act as a signal for buyers and sellers. Most economies are mixed economies that lie between these two extremes.

In either system, a rational agent would allocate resources and production using marginal analysis. In command economies, this is more difficult to do because without markets, prices fail at being an effective signal.

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3 years ago
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