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RSB [31]
3 years ago
6

Briefly explain economics​

Business
1 answer:
Valentin [98]3 years ago
7 0

Answer:

The branch of knowledge concerned with the production, consumption, and transfer of wealth.

Explanation:

Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources. The building blocks of economics are the studies of labor and trade.

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Is this the Right answer?
Vinil7 [7]
You did answer correctly gg
8 0
3 years ago
Read 2 more answers
Danny, a longtime hotel manager for Hilton, was meeting with Sara, a regional manager, and telling her about his recent decision
sesenic [268]

Answer: rational decision-making model

Explanation:

Rational decision-making model could be seen as when the decision maker has all alternatives on a decision with much information, with time on their hands and resources to evaluate the various choices thats made available before them.

Danny's choice to go against other people decision and using a detailed and different consideration for the employee decribed he used a rational decision making model, he still believed in the individual when others did not, and this affected his decision and didn't allow that of others to influence him.

8 0
3 years ago
Total interest paid on a 30-year straight note was $230,000 during the term of the loan. The annual interest rate was 6.6%. What
dsp73

Answer:

$116,161.616

Explanation:

Given that,

Total interest paid = $230,000

Time period = 30 year

Annual interest rate = 6.6%

Total interest on loan = Loan amount × Interest rate × Time period

$230,000 = Loan amount × 6.6% × 30 years

Loan amount:

=\frac{230,000}{0.066\times 30}

=\frac{230,000}{1.98}

      = $116,161.616

Therefore, the loan amount is $116,161.616.

3 0
3 years ago
Briefly explain one of the parts of henry clay's proposed american system, a comprehensive plan to bring about economic improvem
Ivanshal [37]
<span>One part of Henry Clay's proposed American system to bring about economic improvement included support for a high tariff, the intent of which was to protect American industries while also generating revenue for the federal government.</span>
3 0
3 years ago
Why do we need resources?
Vesna [10]

Answer:

we need resources because they are important for the development of the country.

false

human resources can be categorized into three groups

resource- a natural source of wealth or revenue

false

coal

true (I think)

false

true

banks

apples

false

3

5 0
3 years ago
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