Algorithms act as a guideline for specific scenarios. They have a structured process designed to solve that specific problem. Heuristics, on the other hand, are general rules of thumb that help the brain to process information, and may or may not reach a solution.
Why do we use heuristics?
Heuristics are mental shortcuts that allows people to solve problems and make judgments quickly and efficiently.
These rule-of-thumb strategies shorten decision-making time and allow people to function without constantly stopping to think about their next course of action.
Do you think algorithms rather than heuristics is always the best way to solve problems Why or why not?
Unless you are an extremely accomplished baker, the algorithm should provide you with a better cake than using heuristics would.
While heuristics offer a solution that might be correct, a correctly applied algorithm is guaranteed to provide a correct solution.
Of course, not all problems can be solved by algorithms.
Learn more about heuristics here:
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Answer:
The answer is B( the ability and willingness to buy a product
Answer:
In a command economy, the government controls major aspects of economic production. The government decides the means of production and owns the industries that produce goods and services for the public. The government prices and produces goods and services that it thinks benefits the people.
Explanation:
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Some pros and cons of the informal economy:
1.) What are the advantages of the informal economy? (Pros)
1.1) Tax free remuneration and paid immediately in cash
1.2) Entrepreneurial spirit and having more control over your own life due to independence
1.3)Occupational skill building
1.4) Employment arrangements are relaxed and comfortable
1.5) It is the best solution to a temporary problem
2.) What are the disadvantages of an informal economy? (Cons)
2.1) There are no benefits for employees
2.2) The security of the economy is not guaranteed / lacking
2.3) There is a very limited credit establishment opportunity
2.4) People tend to slack in their work ethic
2.5) Not reporting income carries with it a lot of risk and penalties
