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Aggregated forecasts are more accurate than individual product forecasts.

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16y ago

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Continue Learning about Economics

Economics as a system based on the individual?

An economic system based on individuals looking out for their own and their families' best interest is known as a (an)


Who are wealthiest family in ormoc city?

As of my last update, specific data on the wealthiest families in Ormoc City isn't widely published or readily available. However, prominent families often involved in local business and politics typically hold significant wealth. Families with investments in agriculture, retail, and real estate may also be among the wealthiest in the area. For the most accurate and current information, local sources or news articles would be advisable.


What was the system under which individual families contracted with landowners to work a plot of land in return for a portion of the resulting crop is know as?

The system you are referring to is known as sharecropping. In this arrangement, individual families, often freed African Americans in the post-Civil War South, would farm a plot of land owned by landowners. In exchange for their labor, the sharecroppers would receive a share of the crops produced, which they would use to pay off debts for supplies and rent, often leading to a cycle of poverty and dependency.


Who chooses what to produce in traditional economy?

Families, Clans, or Tribes within the a traditional economy decide what goods and services will be produced. This is based off the customs and traditions that have been followed for generations in said traditional economy


How did the baby boom affect the US economy?

Growing families increased the demand for products.

Related Questions

Which family did she belong to Which country did she rule?

To provide an accurate answer, could you please specify which individual you are referring to? There are many historical figures who ruled countries and belonged to various families.


What was a difficulty faced by the Indians under the Dawes act?

they were used to working together in communities instead of as individual families


Who buys the dress in a Mexican wedding?

It varies among individual families, but on more traditional families, it is usually paid by the father of the bride.


What time is breakfast in mexico?

Between 8 and 10 AM, depending on individual families.


What was the role of the fha in helping individual families afford housing?

Guarnatee loan


Why was it good news to the winter festival sledding committee?

The winter festival sledding committee received good news as weather forecasts predicted an abundance of fresh snow, perfect for sledding. This ideal condition would attract more participants and families, enhancing the festival's overall enjoyment and success. Additionally, increased attendance could lead to greater community engagement and potential fundraising opportunities for future events. Overall, the favorable weather promised a memorable and exciting experience for everyone involved.


What was the name of the family that took the evacuees in to their homes?

The family that took in evacuees during World War II is commonly referred to as the "host families." These families opened their homes to children and families fleeing from bombings and danger in their own areas. Specific names vary by location and individual stories, such as the "Baker family" or the "Smith family," depending on the context of the evacuation. If you have a specific event or story in mind, please provide more details for a more accurate answer.


What is the antonym for families?

"individual" or "solitary" or "lone" "families" refers to a grouping → of people, of animals, of plants, etc., so the antonym or opposite would be a single unit.


What are the characteristics of a postmodern family?

Postmodern families are diverse in structure, including blended families, single-parent families, and cohabitating couples. They prioritize individual expression and autonomy over traditional roles. Communication, flexibility, and mutual support are key values in postmodern families.


Why do people in Mozambique live in extended families?

People in Mozambique live in extended families because it is part of their culture to do so, and because by doing so they can get by with less individual income.


How technology has impacted the health status of individual families communities and the world?

Technology can impact life with health insurance for families and individuals. It can help provide the essential information an save lives.


How do you understand families.?

Families as systems: Each family is a system composed of smaller segments of relationships. These systems tend to follow certain patterns or rules. Observing a families system's consistencies as well as its complexities can give us insight into its individual members.