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Define opportunity cost and explain its relationship to comparative advantage?
Opportunity costs is the highest valued alternative that must be given up to engage in an activity. Comparative advantage is the ability of an individual, a firm, or an country to produce a good or service at a lower opportunity cost than competitors.
Define the role of the entrepreneur?
Define the role of the entrepreneur?
How did Thomas Malthus define economics?
economic can be define as
Define the economic problem?
define economic problem
Define economy policy?
define how you measure the size of the economy
Define opportunity cost and explain its relationship to comparative advantage?
Opportunity costs is the highest valued alternative that must be given up to engage in an activity. Comparative advantage is the ability of an individual, a firm, or an country to produce a good or service at a lower opportunity cost than competitors.
Define comparative public administration?
The importance of comparative public administration is to compare data across states and propose policies that benefit its citizens. Decisions are formed based on the findings.
What are the advantage of having large scale farms?
Define large farm
What is Equation of mechanical advantage of a simple machine?
define mechanical & simple mechanical berify
Define cost leadership strategy and relate this strategy with Porter's Five Forces of CompetitionExplain airasia how the Company implement this strategy and what are the advantage and risk associated?
Define cost leadership strategy and relate this strategy with Porter's Five Forces of CompetitionExplain rubins restaurant how the Company implement this strategy and what are the advantage and risk associated?
How does one define a Javascript class?
To define the class of a javascript code or string there are two to three or so main methods, one of these is to use it, and review the result, such as activating and using a function relative to to itself. Another is to use the objects Literals, the advantage to this is that Literals are a shorter way to define objects and arrays in JavaScript.
Define competitive edge?
having a clear advantage over the competition in terms of one or more elements of the marketing mix that is valued by potential customers.
How can i Define what is comparative reconstruction?
Using information from cognate sets, we can embark on a procedure called comparative reconstruction. The aim of this procedure is to reconstruct what must have been the original form in the common ancestral language.
What is the advantage of rain for predator and prey?
The advantage of rain is that it grows grass which the herbivores eat. On the other hand the carnivores have an advantage that if rain comes on their territory, the carnivores will feast on the herbivores which love grass. If you define it simply it means that the carnivores will have food to eat in their own territory and they wont have to search for food so hard. For the prey, it can eat all that it wants.
What does the word define mean in spanish?
definir - to define defino - I define defines - you (singular, informal) define define - you (singular, formal) define, he/she defines definimos - we define defineis - you (plural, informal) define definen - you (plural, formal)/ they define.
Is a 6.5x55 rifle better than a 30 06?
You will have to define better. Both are excellent rifle cartridges. The 30-06 may have a slight advantage at extreme long range, the 6.5 has a lighter recoil.
The two attributes that define a threat are?
The two attributes that define a threat are the potential to cause harm and the capability to exploit vulnerabilities. A threat exists when there is a possibility of damage or disruption, and it is driven by an actor or factor that has the ability to take advantage of weaknesses in a system or environment. Understanding these attributes helps in assessing risk and implementing appropriate security measures.
