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What is the basic consuming unit in the economy?
The Economic Unit. Composed of millions of individuals, businesses, and government units.
What are the basic decision-making units in the economy?
The basic decision-making units in the economy are households, firms, and governments. Households make decisions regarding consumption and labor supply, firms decide on production and pricing, while governments formulate policies and regulations that influence economic activity. These units interact in various markets, influencing supply, demand, and resource allocation within the economy. Together, they form the foundational framework for economic activity and decision-making.
Economic resources in the capitalist system are brought together by who?
government units
What is Economic of scale?
It happens as the units produced are increasing, the cost per unit produced is decreasing.
What is the study of the economic behavior and decision making of small units such as individuals and families?
Microeconomics I'm taking this class now
What is the basic consuming unit in the economy?
The Economic Unit. Composed of millions of individuals, businesses, and government units.
What standard units of the eiglish system include?
The basic units are foot, pound and second.The basic units are foot, pound and second.The basic units are foot, pound and second.The basic units are foot, pound and second.
Would a meter be a basic unit of measurement?
Yes. It is one of the 7 basic units of the SI.Yes. It is one of the 7 basic units of the SI.Yes. It is one of the 7 basic units of the SI.Yes. It is one of the 7 basic units of the SI.
There are six basic SI units of measurement?
There are 7 basic units
In metric system basic units are multiplied or divided by what amount to get larger and smaller units?
In the metric system basic units are multiplied or divided by 10 to get larger and smaller units
In the metric system basic units are multiplied or divided by what amount to get larger and smaller units?
In the metric system basic units are multiplied or divided by 10 to get larger and smaller units
In the metric system basic units are multiplied or divided by what amount to get larger or smaller units?
In the metric system basic units are multiplied or divided by 10 to get larger and smaller units
What is the Basic unit natural fibers?
basic units of fibre is...
How many units are defined in SI?
The seven basic units are: metre, kilogram, second, ampere, candela, mole, kelvin.
Are the basic units of life?
cells
Which is the basic units of life?
cell
The basic units of length is?
The meter in the SI, the foot in the Imperial system.
