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The four fundamental operations are: 1. addition 2. subtraction 3. multiplication 4. division
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AdditionSubtractionMultiplicationDivision
To What? How? When? Where?
What to produce?How to produce?For whom to produce?These are the three fundamental questions that all Economic systems must answer.
One possible way to solve unemployment problems is by using the 3 fundamental questions of economics. These are what to produce, how to produce it, and the cost of production.
Fundamental questions are propositions that individuals put forward in-order to find meaning and purpose in their lives.
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In ministerial table talks
Athenian tragedy explored some of humanity's fundamental questions and dilemmas, such as the nature of fate, the consequences of hubris, and the complexities of moral responsibility. Through the portrayal of characters in extreme situations, these plays provoked reflection on the nature of human existence and the limits of human agency.
Both laws of supply and demand include topic of prices while all four fundamental questions asked do not
Both laws of supply and demand include topic of prices while all four fundamental questions asked do not
Metaphysics is the branch of philosophy that deals with the nature of reality. It provides the foundational assumptions and principles that underpin scientific inquiry, such as the belief in the existence of an external world and the uniformity of nature. By addressing fundamental questions about the nature of existence, causality, and reality, metaphysics sets the philosophical framework within which scientific theories and explanations can be developed.
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The allocation process in a particular society's economy is the process by which the three fundamental economic questions get answered in the society.