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What concepts should be remembered to understand why economics as a field of study exists?
Wiki User
∙ 9y ago
The concepts that should be remembered to understand why economics as a field of study exists include production, demand and supply, economic system, the role of the government, and business cycles.
Wiki User
∙ 9y ago
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Why is the idea of scarcity a starting point thinking economically?
Economics seeks to solve the scarcity problem, which exists because resources are limited whereas needs and wants are unlimited.
An economic system in which a free market prevails?
Exists only i n economics textbooks, not the real world. the state always intervenes in favour of the capitalist class.
What does the therm scarcity mean in economics?
Under the broadest meaning, scarcity would mean that there are limits to our resources on this planet. A resource or a commodity that exists as a limited quantity would be said to be scarce.
How sociology related to economics?
your question is backwards. as a field of knowledge, economics started out as a type of sociology (or possibly was the original term for what we now call sociology). and there is such a thing as a liberal study of economics still. and economics is a study of human behavior but with advanced capitalism this behavior has left human's hands so the study sort of exists on its own as a study of a man-made but self-sufficient abstract force. hope that helps :)
Why does Walmart exist?
because if wal-mart did not exist many people would die of starvation due to the fact that they are to stupid to understand that there are other places that you can drag your drunk self to buy every day goods, that is why wal-mart exists or it exists because it keeps the flying pie monster at bay with the money they get
Why is it necessary for an architect to learn landscaping architecture?
when designing a structure, its important to utilize the land as it exists. Also, you must understand the best ingress and egress to the property when deciding how the building will be oriented. Lastly, it might be necessary to design the shape of the building around a necessary landscape element such as roads, sidewalks, existing trees, ect. It is similar to engineering concepts...architects don't need to be experts in engineering or landscapes, but they certainly need to understand the concepts when dealing with professionals in those areas.
Negotiations do not exists in a vacuum meaning leaders must understand what?
Leaders must understand the broader issues of conflict and their changing nature.
Importance of promotional activities for any product?
To let people know it exists and and understand it purpose
Are dragon balls real like in Dragon Ball Z?
No, Dragon Ball and Dragon Ball Z are fictional concepts. No such thing exists in real life.
Why is the idea of scarcity a starting point thinking economically?
Economics seeks to solve the scarcity problem, which exists because resources are limited whereas needs and wants are unlimited.
An economic system in which a free market prevails?
Exists only i n economics textbooks, not the real world. the state always intervenes in favour of the capitalist class.
Do you understand that no matter what you say no matter what you do it is all a lie and all exists to deceive you even this question?
Nope. Can't say I do.
How do I set the Automatic door locks in a 2008 rav4?
If I understand correctly, that feature no longer exists on the recent generation RAV4.
Was the slave trade a good thing?
Certainly not for those enslaved. It should be remembered that slavery still exists today It made economic sense for those that enslaved people. Morally it was and remains indefensible.
What does the therm scarcity mean in economics?
Under the broadest meaning, scarcity would mean that there are limits to our resources on this planet. A resource or a commodity that exists as a limited quantity would be said to be scarce.
Does extraterrestial life and god have a relation?
Both are unproven concepts. IF… a god exists - a creator of the universe, as in the Christian concept… AND IF… life exists on other planets THEN… the creator God is the only causal explanation for it. And, it is possibly that extraterrestrial life might exist without the necessity of a creator God being involved in its inception.
Name two language barriers affect the world today?
A language barrier exists when two or more people do not speak or understand a common language.
