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Economic factors are all the units required in the economic activity of production of goods and services with the effective and efficient utility of resources and fulfill the consumption demand in any market and national economy.
Non economic factors are the social and political environment that may not directly effect the level of national income and output.
Economics is the interaction of the functions of demand and supply on the market for the prudent usage of scarce resources in order to arrive at a balanced curve while non-economics factors are factors that are used as substitutes to the players in the clear field of economics in order to allow the market play without interruption by switching to substitutes when the side of the players becomes high
What else can I help you with?
What are the example that economic factors linked to non-economic?
examples of non economic factors
Non economic activities and its examples?
What is the difference between economic and non economic activities.?
How do you define Non-wage factor?
non -wage factors are factor that are factor without payments
Whats the definition of noneconomic activity?
Any activity that does not result in a factor payment. Basically, if you do something but don't get paid for it(house wife) then its non-economic.
What is the opposite of economic choice?
non-economic choice
What does economic factor mean for a Coca-Cola?
does coca cola have a economic factor
What are the example that economic factors linked to non-economic?
examples of non economic factors
Non economic activities and its examples?
What is the difference between economic and non economic activities.?
How do you define Non-wage factor?
non -wage factors are factor that are factor without payments
What is the opposite of a factor?
A non-factor.
Whats the definition of noneconomic activity?
Any activity that does not result in a factor payment. Basically, if you do something but don't get paid for it(house wife) then its non-economic.
What is the opposite of the word factor?
non-factor
What is The factor related to money?
Economic
What Factor income and non factor income?
Factor income refers to earnings generated from the ownership of factors of production, such as wages from labor, rent from land, interest from capital, and profits from entrepreneurship. Non-factor income, on the other hand, includes earnings not directly tied to the production process, such as transfer payments (like pensions or welfare), gifts, and certain types of investment income. While factor income is associated with productive activities, non-factor income often represents redistribution or passive income sources. Together, they contribute to an individual's overall income and economic well-being.
What is the opposite of economic choice?
non-economic choice
Why is sand an abotic factor for the marine biome?
It is an abiotic factor because sand is non-living and an abiotic factor is an non-living thing in an ecosystem.
Economic and non economic want?
An economic want is like America wants gas prices to be lower, a non economic want would be wanting milk prices to be lower.
