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In the game of Economics services are actions that other people value. These are the services that are mainly provided by the government.
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What actions do people value in economics?
SERVICES are actions that other people value
In the game of economics are actions that other people value?
SERVICES are actions that other people value
In the game of economics blank are actions that other people value?
services
Briefly discuss Value with the help of example?
In economics value means value in exchange ie value of a commodity is the amount of other goods and services which is obtained in exchange for it.
What is the best definition of economics?
People getting paid for the value they create, people trying to make a living, people producing goods and service.
What is the best best economics?
People getting paid for the value they create, people trying to make a living, people producing goods and service.
What is the relationship between economics and physics?
There is no direct relationship between physics and economics. Physics attempts to describe in mathematical terms how matter and energy interact. Economics tries to understand the human systems of work, pay, investment, and value assessment.
What has the author Frank H Knight written?
Frank H. Knight has written: 'The economic order and religion' -- subject(s): Christianity and economics 'The ethics of competition, and other essays' -- subject(s): Competition, Economics, Value 'Risk, uncertainty and profit' -- subject(s): Profit, Risk 'The ethics of competition' -- subject(s): Economics, Competition, Value 'On the history and method of economics' -- subject(s): Economics, Methodology, History 'Intelligence and democratic action'
Does a curved line have a fixed value for its slope in economics?
No. This is true for any curved line, not just in economics.
What are different kinds of economics?
Economics is one social science among several but has fields bordering on other areas, including economic geography, economic history, public choice, cultural economics, and institutional economics. One division of the subject distinguishes two types of economics. Positive economics ("what is") seeks to explain economic phenomena or behavior. Normative economics ("what ought to be," usually as to public policy) prioritizes choices and actions by some set of criteria; such priorities reflect value judgments, including selection of the criteria. Another distinction is between mainstream economics and heterodox economics. One broad characterization describes mainstream economics as dealing with the "rationality-individualism-equilibrium nexus" and heterodox economics as defined by a "institutions-history-social structure nexus." Areas of economics may be classified in various ways, but an economy is usually analyzed by use of microeconomics or macroeconom. Economics as an academic subject often uses geometric methods, in addition to literary methods. Other general mathematical and quantitative methods are also often used for rigorous analysis of the economy or areas within economics. Such methods include the following.mathematical economics. econometrics. national accounting. Some selected field of economics ::agricultural economics. economic growth and development economics. economic system. environmental economics. financial economics. game theory.industrial organisation. information economics.international trade and finance. labour economics.law and economics. public finance. manegarial economics. welfare economics.
Who created economics?
Mr. Economic Value Who else?
Why do people want copyright?
Copyright allows creators to ascribe value to their creativity, imagination, and hard work. In economics, this is known as the labor theory of value; in philosophy, it is linked to Locke's second treatise.
