Answer:
C. price equals marginal social benefit for consumers and price equals marginal social cost for producers
Explanation:
C. It should be scare.
This is not a characteristic of the currency, because it is a nominal product of the economy behavior. Therefore, is there are plenty of goods and services in an economy, the currency must follow that.
Different factors contribute to commerce including the export and import of a country, their ease of doing business and their own situation in the market.
Explanation:
The factors that affect commerce are the ones that dictate the face of a given market. if the market is considered easy to trade in then the commerce is supposed to be easy and smooth flowing
This is hampered by laws and the import and export tariffs of a country. The more inviting these are the more commerce happens in a place.
It also depends on how many businesses are able to function in the setup and the more businesses there are the more commerce happens in the end.
Answer: A hire purchase is a system by which one pays for a thing in regular instalmentsinstallments while having the use of it.
A credit sale is a purchases made by customers for which payment is delayed.
Answer:
Many
Homogenous
There are no barriers
Have perfect knowledge
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods. Because there are many sellers of homogenous goods, firms are price takers.
Because there are no barriers to entry, in the long run, firms earn zero economic profit.
Because buyers and sellers have perfect knowledge of prices, price arbitrage isn't possible.
I hope my answer helps you.
