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Self interest helps achieve society's economic goals because people have a desire to purchase services and goods. In order to do this they must generate an income, meaning they have to work. This money is then funneled back into the economy when they purchase these goods and services.
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Why do consumer producer and government have to make choice?
Because these economic actors exist in a condition of scarcity, which means that they must make trade-offs to achieve their desires. Making trade-offs implies economic choices exist.
What is Economic equity in a pure free market ecocomy?
Economic equity is difficult to achieve in a free market economy because people have different types of skills and different levels of ambition. ... In a market economy, the amount of money people get depends on the match between supply and demand and the people's particular skills.
How is infrastructure linked to the economy?
infastructure is linked to economic groth because it increases economic productivity and enhances economic income level .
What are Alabama's economic activities?
Alabama's economic activity is horsing because of it's large prairies
Because of its economic successes in the 1990s the main supporter and advocate of the global economic marketplace was?
china
Is it good when the Wall Street numbers are low?
yes because moneyis not needed and is overrrated so the econnomy is far from societys biggest problem.
Why do producers and consumers have to make choices?
Because these economic actors exist in a condition of scarcity, which means that they must make trade-offs to achieve their desires. Making trade-offs implies economic choices exist.
Why are there several different economic goals?
There are several economic goals because no single factor will improve the economy. Job creation and capital investment often are interrelated, but it requires different actions to achieve gains in both of them.
Why do consumer producer and government have to make choice?
Because these economic actors exist in a condition of scarcity, which means that they must make trade-offs to achieve their desires. Making trade-offs implies economic choices exist.
What is Economic equity in a pure free market ecocomy?
Economic equity is difficult to achieve in a free market economy because people have different types of skills and different levels of ambition. ... In a market economy, the amount of money people get depends on the match between supply and demand and the people's particular skills.
Why is economic is so important?
because
How is infrastructure linked to the economy?
infastructure is linked to economic groth because it increases economic productivity and enhances economic income level .
What are Alabama's economic activities?
Alabama's economic activity is horsing because of it's large prairies
Because of its economic successes in the 1990s the main supporter and advocate of the global economic marketplace was?
china
Why is productivity important to economic growth?
because the better the productivity the better the nations economic growth.
How did economic growth in the south compare to economic growth in the rest of the country?
Economic growth lagged behind because they had to repair damage from the war.
How did economic growth in the south compared to economic growth in the rest of the country?
the economic growth lagged behind because they had to repair damages from the war
