The connection between households and firms in the economy stems from the fact that consumers in this case households work for firms to earn wages as the company makes profits due to increased production.
Business is part of economy, forming business sectors (S11-S13 in UN National system of accounts)
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Adam Smith
g yudiosk
its his command in economy
Business is part of economy, forming business sectors (S11-S13 in UN National system of accounts)
The vibrant economy of South Carolina can be attributed to slavery that took place many years ago.
High youth unemployment in Nigeria can strain the economy by reducing overall productivity and consumption levels. It can also lead to social instability and increase the dependency on social welfare programs, which can further burden the economy. Additionally, a large pool of unemployed youth can result in lost opportunities for economic growth and innovation.
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How was the economy in 1775? Good or Bad? Explain
Adam Smith
g yudiosk
g yudiosk
its his command in economy
Mixed Economy
Rise in investment in a country eventually leads to the rise in economy.
"Explain how different monetary policies affect the money supply in the economy?"