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Command economy
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Process of choosing which needs or wants willbe satisfied?
Economic Decision Making
In this economic function the government uses a process such as redistribution to assist the poor or handicap?
Equity
What function did the government use a process such as income redistribution to assist the poor or handicapped?
In a socialist economic function, the government uses a process such as income redistribution to assist the poor or the handicapped.
In which type of economic structure is the government given the authority to regulate some of the process of free enterprise?
mixed market
What is Socio-economic empowerment?
Socio-economic empowerment refers to the process of enabling individuals or communities to gain control over their economic resources and social status, thereby improving their overall quality of life. It involves providing access to education, employment, and financial resources, as well as promoting social inclusion and participation in decision-making. This empowerment helps to break cycles of poverty and inequality, fostering sustainable development and self-sufficiency. Ultimately, it aims to enhance individuals' capabilities and confidence to improve their circumstances and contribute to society.
What factors that affects consumer decision making process?
There are many factors in the economic decision making process. One is which goods consumers like better than others. Others include price and quality. All of these factors create and individuals demand curve.
What is a rational economic decision?
A rational economic decision is one made by individuals or organizations that aims to maximize utility or profit based on available information and resources. It involves weighing the costs and benefits of different options and selecting the one that offers the greatest net advantage. This decision-making process often assumes that individuals act logically and with complete knowledge of their circumstances. Ultimately, rational economic decisions are driven by the goal of optimizing outcomes in the face of constraints.
Process of choosing which needs or wants willbe satisfied?
Economic Decision Making
How long does the decision-making process typically take?
The length of the decision-making process varies depending on the complexity of the decision and the individuals involved. It can range from a few minutes to several weeks or even months.
What are 3 components of due process?
The three components of due process are notice, opportunity to be heard, and a neutral decision-maker. Notice ensures that individuals are informed of the actions or charges against them. The opportunity to be heard allows individuals to present their case or defend themselves before a decision is made. A neutral decision-maker ensures that the process is fair and unbiased, protecting individuals’ rights throughout the legal proceedings.
which term describes the process of making an economic decision by considering both the advantages and the problems that might arise from the decision?
Cost-benefits analysis
What are political actors?
Individuals who aspire through organisational and institutional means to influence the decision making process through attaining political power in government or constitutional assemblies through which preferred policies can be implemented.
When the court decide if the government's methods are fair it is basing its decision on?
procedural due process
When the court decides if the government methods are fair it is basing its decision on what?
procedural due process
Business decision making is a economic process?
business decision making is not economic process . ye ignou wale saale bewkoof banate hai aur hame bhi samajh te hai. oldman saale. gaandu hai saale. answer given by indira college hostel pune.
In this economic function the government uses a process such as redistribution to assist the poor or handicap?
Equity
When the supreme court decides if the government's methods are fair it is based its decision on?
procedural due process
