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Answer:
Aggregate demand is just the sum total of four components such as consumption, investment, government spending, and lastly net exports. Government spending and taxes are determined by political considerations with which imports and exports changes according to relative growth rates and prices between two economies. while Aggregate supply is just the total amount of goods and services that firms are willing to sell at a given price in an economy. The aggregate demand is the total amounts of goods and services that will be purchased at all possible price levels in an economies
Boosting aggregate demand also boosts the size of the economy regarding measured GDP. However, this does not prove that an increase in aggregate demand creates economic growth while for Aggregate supply is the total quantity of output firms will produce and sell, that is to, the real GDP.
The aggregate supply curve slopes up because when the price level for outputs increases while the price level of inputs remains fixed, the opportunity for additional profits encourages more production.
In the highest and best use analysis, maximum productivity is usually considered best use of the property.
Property is generally divided into tangible property and intangible property. Physical properties are visible, tangible, non-physical properties. Furthermore, tangible ownership is ownership over material things, and intangible ownership is intangible rights over things.
For example, gold bars are assets and property. However, while used pillows are considered property, they are not assets unless they are used to generate revenue for a business such as a hotel.
Ownership defines the theoretical and legal ownership of resources and how they are used.
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<span>Kelly is the first member of her cert to arrive at its predetermined staging area after a damaging wind storm struck her community. The role that Kelly now assumes within her cert is Incident Commander.</span>
