what will be a good example a person participated in goods, labor, and financial markets.

Q: Why study economics to be an informed citizen

A: A social science that examines how individuals, firms, governments, and societies make choices…

Q: Raffe, an American, works for a company that manufactures electronics. His managers select him for…

A: Raffe is an American and his manager select him for an assignment to lead the launch of a new…

Q: What examples do you have of goods and services that were once luxuries, which have become…

A: Luxury goods are those whose demand increases as people's income increases.

Q: What is important of studying economics? Give two good examples how the knowledge can help you in…

A: No subject of the current day is so significant as the study of economics. economics oversees the…

Q: What is the importance of studying economics? Give an example how it can help you.

A: Economics signifies a social science that analysis how individual agents in a society make their…

Q: What is the economic values?

A: (Q) What is the economic values?

Q: Why do business people study economics?

A: Demand for a good refers to the quantity of that good with the consumers are willing and able to…

Q: Discuss what markets are?

A: Meaning of Microeconomics: The term microeconomics refers to that situation under which the…

Q: Economics helps managers focus on key issues.

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: What will be produced in economic and how it will be produced?

A: The economic questions arise because of the scarcity of resources and the unlimited wants. Economies…

Q: Name any two types of consumption goods with examples

A: Those goods which have the tendency to satisfy the wants of the consumer are said to be as Consumer…

Q: Much of modern economic thought believes people to be, generally speaking, rational and…

A: Almost all the major economic theories are based upon assumptions which are necessary to hold them…

Q: Is real estate BEST viewed as a commodity or a resource? Defend your position on why?

A: According to me, real estate is viewed as a resource not as a commodity. This is because a commodity…

Q: A summary of The Four Factors of Production?

A: The four factors of production are land, labor, capital and entrepreneurship. These are the…

Q: How is the business enterprise organized

A: The five most important steps in the process of starting a business a successful manner . Following…

Q: How do economic factors such as a recession or consumers having more money impact the demand and…

A: The interest rate in the economy helps to identify the level of policies in the economy as well as…

Q: what are The challenges of growing a business?

A: For many entrepreneurs, starting a firm is a huge accomplishment, but maintaining one is a greater…

Q: What is economics? A social science that teaches one how to cope with scarcity. A discipline that…

A: Economics is a social science that deals with economic behavior and the problem of scarcity.

Q: As you know about the market (like perfect and imperfect) write in your words about the market which…

A: Meaning of Market: The term market refers to the situation under which the producers or the…

Q: What type of economy is best?

A: There are mainly four types of economic systems: Traditional economic system, command economic…

Q: examples of personal decisions (could range from small matters to big life-changing decisions) in…

A: A way the world tends to look, analyze and work by comparison of the costs of an action with the…

Q: Write a positive statement and a normative statement about your favorite hobby.

A: Positive statements are those statements in which we can answer with 'yes' or 'no' replies, whereas,…

Q: What are the main features of urban economy?

A: Urban mode of life is sort of contrary to traditional rural life, though it's affected rural life…

Q: What are good market?

A: Goods market: Goods market is a marketplace where producers and consumers interact with each other…

Q: What goods and services—and how much of each—will be produced?

A: In a nutshell, an economy must distribute its resources and pick between several possible bundles of…

Q: Does activism or social movements create a positive result? why or why not?

A: Social activism is effective even when it is done online, this is even more effective than offline…

Q: your family needs money and your parents asked you to propose a plan to get the highest possible…

A: Real estate property is one kind of permanent property that means any permanent structure of…