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What are the characteristics of goods of ostentation in terms of economics?
Wiki User
∙ 10y ago
A goods ostentation occurs when the price of something is so high but consumers still purchase it. Apple products are very expensive, but they still sell very well.
Wiki User
∙ 10y ago
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Define economics using the following terms allocation distribution goods resources production and services?
I am presuming that economics refers to a certain type of science that serves with the inquiry of consumption of goods, allotment/allocation distribution, and both the production and distribution of services and goods. Economics can help solve the problem of resource recycling for the benefit of mankind.
Who coined the terms Micro Economics and Macro Economics?
Ranger Frisch coined these two terms in 1933.
The terms micro economics and macro economics were coined by?
Ragner Frisch.
When might it be desirable for a government to act as producer of goods and services with regards to economics?
Discussion of areas of market failure. This will be expressed in general terms - syllabus mentions the government as a producer of goods and services but does not deal with public and merit goods.
Define globalisation in terms of economics?
Explain the role of an economist
Define economics using the following terms allocation distribution goods resources production and services?
I am presuming that economics refers to a certain type of science that serves with the inquiry of consumption of goods, allotment/allocation distribution, and both the production and distribution of services and goods. Economics can help solve the problem of resource recycling for the benefit of mankind.
Who coined the terms Micro Economics and Macro Economics?
Ranger Frisch coined these two terms in 1933.
Full form of ppp?
The full form of PPP is Point-to-Point Protocol. It is a data link protocol used to establish a direct connection between two nodes in a network. PPP is commonly used in connecting computers to the internet via dial-up or dedicated connections.
The terms micro economics and macro economics were coined by?
Ragner Frisch.
When might it be desirable for a government to act as producer of goods and services with regards to economics?
Discussion of areas of market failure. This will be expressed in general terms - syllabus mentions the government as a producer of goods and services but does not deal with public and merit goods.
The steps in collecting like terms?
1) Identify characteristics not all terms have 2) Separate into characteristics 3) Gather like terms
Define globalisation in terms of economics?
Explain the role of an economist
What is land in economics terms?
In economics, land comprises all naturally occurring resources whose supply is inherently fixed
Who coined micro and macro economics?
Ragnar Frisch, Norwegian Economist, coined the terms 'micro' and 'macro' economics for the first time. He was the first Economics Nobel prize winner in 1969.
What is the meaning in other terms of the subject hele?
Home Economics and Livelihood Education
What terms is most closely associated with free-market economics?
Laissez-faire
Which of these terms refers to the process of trading goods for other goods without the use of money?
A+ bartering
