Answer:
Governments can intervene to provide a basic security net – unemployment benefit, minimum income for those who are sick and disabled. This increases net economic welfare and enables individuals to escape the worst poverty. This government intervention can also prevent social unrest from extremes of inequality.
Answer:
Opportunity Cost
Explanation:
Opportunity cost is an economic term that simply says that when you make a purchase, you forego another alternative. Money, or the lack of it is usually the main reason for making the decision to make a decision to get one product and forego another one.
Therefore, it is the term that describes the process of making an economic decision by considering both the advantages and problems that may arise from the decision.
The best answer is a!
the raw materials, tools and factories are also influenced by this, indirectly, as the cheapest and most effective ways usually win. But the most direct influence is on the type and number of produced goods.
