Scarcity is the central concept in the study of economics. Individuals demand products to satisfy their needs. Those products are elaborated using certain resources that are scarce hence, limited. Therefore, economics is the science that studies the allocation of products for consumer satisfaction given that the supply of resources is scarce.
The opportunity cost is defined as the cost of the best alternative that has been rejected when making a decision in an environment of scarcity. For example, considering that money is the scarce resource, a consumer can only afford to either buy one orange or two pears. He knows that the orange would provide a higher satisfaction to him and buys it. Therefore, the rejected alternative, the two pears, consitute the opportunity cost. If there was no scarcity, this consumer would have been able to purchase the two options, not only the most preferred.
tailor. ... Similarly, when you tailor something to the needs of others, you are adjusting what you do to best suit them rather than taking a general approach. The word tailor comes from the Latin taliare, meaning "to cut." A tailor is someone who cuts and adjusts your clothing to better fit.
Hope This Helps!!!
The correct answer is A) His sketch has provided rare information on early London theatres.
Johannes de Witt's "claim to fame" was the following: "His sketch has provided rare information on early London theatres."
We are talking about the man whose sketch provided valuable information to design and built the Swan Theater in London, England.
During the Renaissance times in England, this Dutchman Johannes de Witt drew his sketch in 1596, whose only copy belonged to a friend of his. A man called Arend van Buchell. In the sketch, one can see the drawing of the interior of a theater in the form known as an Elizabethan theater.
Answer: Many decades earlier they had chosen a destiny alongside canada, rather than as a part of it.The tow countries adopted self government under the british crown.
