A fundamental notion of economic analysis is that all households and firms must make choices because of scarcity.
<h3>What is Economic analysis?</h3>
Economic analysis essential involves the evaluation of of costs and benefits relative to a countries financial reports.
It can be used also for projects based on the benefits of the projects and the viability of the project.
It helps o know how resources are distributed and the overall impacts the project is making. If the analysis is not well done there can be shortage of resources or scarcity of resources, products and goods.
Therefore,
A fundamental notion of economic analysis is that all households and firms must make choices because of scarcity..
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Answer:
Explanation:
F denote the event that the respondent is female and A denote the event that the respondent uses social media and other websites to voice opinions about television programs.
Two events are said to be independent if both events can occur together at the same time, that is the probability of one event occurring does not affect the probability of the other event occurring. Events F and A are independent event because both F and A can occur the same time simultaneously. And also if F occurs, it does not affect the occurrence of A.
.............................................................Budget Challenge?
Firms use marketing to eliminate things that keep new firms from entering an industry(D).
Explanation:
Marketing plays an important role in understanding the business.
- Firstly it determines the necessity of the market.
- Develops the market using new technique or expand the same market.
- Tries to understand the needs of the customer and works on the products based on their interest.
- Market should be dynamic that is the market should follow the trend and adopt various strategies to work properly.
Hence, theses are the roles of marketing. A proper marketing can increase sale as well as the good will of the firm.
Answer: What kind of exam is it? Study as long as you can if its flashcards or practice problems.
Explanation:
This is the best way to study
