In order for production to take place, the question of what is to be produced must be answered. Who will receive the goods and services? must be answered for the production to take place.
<u>Explanation:</u>
The maximum and efficient utilization of the available resources is a big challenge that is being faced by any kind of society. This is because of the scarcity present in that society. There are three questions that can be used for the purpose of solving the problem related to economy. They are:
- What type of goods and services should be produced?
- How to produce the decided goods and services?
- Who will be consuming the produced goods and services?
For example a manufacturer must decide whether he must produce some appliances for kitchen or some weapons. Then he must decide how to produce those goods. He must decide the material that he must use to produce those goods. Then he must decide to whom will he serve these goods. He must decide whether to serve these goods with people in first-come basis or based on the education level, age, etc.
<span>In this excerpt, the writer is reminiscing about his childhood. The writer uses the words, "kindness" and "indulgence" to describe his parents. I gather that he was well taken care of and that his parents were not controlling tyrants. The writer also states that he felt "fortunate" for his life after mingling with other families.</span>
Sorry, but may you add the whole question :(
The power to "pick" the president is in the hands of the electoral college, which has over 500 members, and whose only function is to elect the president (and vice-president.)
The electoral college should, but is not obliged to, vote according to the popular vote in the state, and also usually choose to give all votes to the winning candidate. There have been very few instances of electors voting against the expectations of the voters.
Answer:
Standard is what you want and lifestyle is what you have
Explanation:
The main difference between lifestyle and standard of living is that lifestyle is considering what do we have now, at this moment, and based on that and our wishes, the standard of living is what do we want to have in the future.
- The standard of living is describing wealth, material things places to live and on the other hand, when we are talking about the lifestyle the important things are feelings, such as happiness and quality of life.
