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Environmental protection is a luxury and economics is a necessity?
Loniebals2
This is not true because if economics is important then environmental protection must be important also. If the environment is left to be freely degraded, economic activities become disabled, not to mention that our lives would become in threat.
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∙ 14y ago
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Are business ethics a necessity or a luxury?
there are none
What kind of elastic demand does electricity belong?
It depends on whether electricity is necessity or luxury. In the US where electricity is a necessity, the demand is likely to be inelastic In Africa where electricity is luxury, the demand is likely to be elastic
What is the difference between an economic luxury and an economic necessity?
An elecomic luxury is wasting land on pools huge garden,etc.And an economic necessity is when you need a certain amount of space (houses)to make something totally necessary (to live in)
How Luxury goods are price elastic?
Luxury products are elastic, in comparison to necessity products which are inelastic. Luxury goods are elastic because for a change in price there is a more than proportionate change in quantity. e.g. If the price of a luxury good increases, less people will purchase the good because it is not necessary in their lives - they can do without it.
Give an appropriate example of the product or service that can distinguish between needs and wants?
want is just a desire. it's basically a luxury you can live without. a need is a necessity it requires supply or relief.
Mobile phone is luxury or necessity?
the answer is that some people think it is a necessity, but it used to be a luxury in the 80's
Are business ethics a necessity or a luxury?
there are none
Necessities and luxuries?
Is orthodoncia a luxury or a necessity
Was a phonograph a luxury good or a necessity good?
For most homes the phonograph was a luxury good. However, for a radio broadcasting station the phonograph was a necessity good.
Is dining room furniture considered a luxury or a necessity?
If you often have guests at your house, and you prefer a formal dinner, than it is a necessity. Otherwise, it can be considered a luxury.
Being ethical in business is no longer a luxury?
being ethical in business is no longer a luxury. it a necessity
What kind of elastic demand does electricity belong?
It depends on whether electricity is necessity or luxury. In the US where electricity is a necessity, the demand is likely to be inelastic In Africa where electricity is luxury, the demand is likely to be elastic
How does a persons perception of a good is a necessity or a luxury affect his or her purchase of it?
a good that is perceived as a necessity will be purchased even if the price rises
How does a person's perception of whether a good is necessity or a luxury affect his or her purchases of it?
a good that is perceived as a necessity will be purchased even if the price rises
How does a person perception of whether a good is a necessity or a luxury affect his or her purchases of it?
a good that is perceived as a necessity will be purchased even if the price rises
How does a person's perception of whether a good is a necessity or luxury affect his or her perception of it?
a good that is perceived as a necessity will be purchased even if the price rises
How does a persons perception of whether a good is a necessity or luxury affect his or her purchases of it?
a good that is perceived as a necessity will be purchased even if the price rises
