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Tradesman, Doctor, Engineer
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Briefly discuss Price with the help of example?
The economic value of good or services is called price.
What a the economic problems faced by the world?
The biggest economic problem is Scarcity. All over the globe, people have unlimited want and desires, but we have only LIMITED resources. Economics is about making decisions to fulfill these wants to our extent. For example, questions such as: What goods and services should an economy produce? How should we produce these goods and services? Who should get the goods and services we produce?
What are the different economic and non economic costs of unemployment?
Economic costs is the decrease in goods and services that occurs as result of unemployment but non-economic cost is the increase in goods and services that occur as result of unemployment.
What is an example of the economic system?
An example of an economic system is Ray William Johnson
An example of economic goods is?
an example of an economic good is water Or any product that is manufactured...
Which type of economic activity is located wherever people need services?
Which type of economic activity is located wherever people need services
Describe the role played by the producers in an economic system and give an example of someone being a producer.?
Producers, produce the goods and services the consumers deamand, want, and need.
What are the five purposes of a political system?
1.) support economic system example.) taxes 2.) protect rights example.) free speech 3.) common defense example.) military 4.) provide public services example.) roads 5.) maintain rule of law example.) traffic laws
What is a example of Economic Forces?
examples of economic forces?
How do changing economic conditions affect the use of financial services?
The change in econonmic condition affect financial services because when there is good economic condition there shall be with good financia services and viceversa is true
Is inflation an example of macroeconomics?
Yes, inflation is an example of macroeconomics as it pertains to the overall economy and its performance. Macroeconomics studies broad economic factors, including price levels, economic growth, and unemployment rates. Inflation specifically examines the rate at which the general level of prices for goods and services rises, affecting purchasing power and economic stability. Therefore, understanding inflation is crucial for analyzing and formulating economic policies at a national level.
What are the example that economic factors linked to non-economic?
examples of non economic factors
