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- Economic systems differ according to which two main characteristics? Select one: A. the technology used in production and the quantity and quality of natural resources B. the political system in place and the degree of scarcity facing the economy C. who owns the factors of production and the methods used to coordinate economic activity D. how goods are produced and who gets themWho are the forerunners and father of Economics. Explain and discuss their contribution in the field of economics.What are the key elements of the scientific method and how does this method relate to economic principles and laws?
- Explain what non-economic (or non-market or non-capitalist) values are involved in your example and how they intersect with the economic activity you described.There are different components that make up a society. It includes all the following, except: a. Population b. Social relations C. Social institutions d. CultureThe main objective of the social economy from the Islamic perspective is A ) green environment B ) charity. C ) financial intermediary D ) social justice.
- in your own words , summarize the relationship of science and technology, social , cultural, political economy aspect in human societyIssues/problems of economy as a social institution? Explain and add a solution to that problem.According to the principle of ___________ a society’s economic system molds the society’s legal system, religion,art, literature, political structure, and other social arrangements.
- The problems that microeconomics addresses are: A. Resource Allocation B. Resource Utilization C. How to maximize individual economic unit D. General economic issuesList and analyse the main economic and social indicators of Nigeria. You may compare your Nigeria to the average region/continent which it belongs to (for example, if you Country is China, you may compare it to Asia or South East Asia region).The economic environment refers to: Select one: a. an analysis of how new environmental regulations will affect our economy b. the economic outlook of the world provided by the World Bank c. an analysis of how the environmental movement and world economy interact d. the nature and direction of the economy in which a firm competes or may compete
