Tags Economics

Animals & Plants Arts & Entertainment Auto Beauty & Health Books and Literature Business Electronics Engineering & Technology Food & Drink History Hobbies Jobs & Education Law & Government Math People & Society Science Social Studies Sports Travel & Places

0

Subjects>Business>Economics

What is the basic assumption of economics?

Updated: 8/22/2023

Wiki User

∙ 8y ago

Best Answer

they lik money

Wiki User

∙ 12y ago

This answer is:

Add your answer:

Earn +20 pts

Q: What is the basic assumption of economics?

Write your answer...

Submit

Still have questions?

imp

Continue Learning about Economics

A basic assumption of economics is?

A rational self-interest.

What is micro economics basic define?

define law of demand.explain it with the help of schedule and digram. also write its assumption and limitation

The ceteris paribus assumption is used in economics?

yes

What are the basic division in economics?

micro economics and macro economics

What is the basic concern of economics?

the basic concern of economics is to study the choices people make

Related questions

A basic assumption of economics is?

A rational self-interest.

What is micro economics basic define?

define law of demand.explain it with the help of schedule and digram. also write its assumption and limitation

The ceteris paribus assumption is used in economics?

yes

What are the basic division in economics?

micro economics and macro economics

What are basic principles of economics?

What are the principles of economics

What is the basic concern of economics?

the basic concern of economics is to study the choices people make

What are the importance and goals of mircoeconomics?

it is important on understanding the individual pparty of economics it is impotant in knowing the theory and assumption of economics it is important for the economist in planning especialy for the governerment planners it is important on understanding the individual pparty of economics it is impotant in knowing the theory and assumption of economics it is important for the economist in planning especialy for the governerment planners

What is basic assumption of game theory?

T

What are the basic assumptions in accounting?

Economic Entity Assumption Going Concern Assumption Monetary Unit Periodicity(Time Period) Assumption

Which basic assumption is illustrated when a firm reports financial results on an annual basis?

Periodicity assumption.

Select the items below that descive rational behavior in economics?

It is a key assumption used in the study of economics and the choices that people make in pursuit of satisfaction.

Which basic assumption may not be followed when a firm in bankruptcy reports financial results?

Going concern assumption.

Trending Questions

Having a carpenter rather than a doctor shingle your house is and example of which of these? What are the main determinats of price elasticity? What Distinguish between the resource market and the product market in the circular flow model? What are the factors that affect investment? How do supply and demand create the stark differences in pay between high and low earning major? What is transactional business leadership? What do free entry and exit refer to? How does the development of money has improve monetary transaction? Is it true that many economist politicians and business leaders believe that the shift toward a more integrated and interdependent global economy is a positive trend? How does competition of firms in macroeconomics and microeconomics affect the economy? What causes supply to grow as price rises? What happened to the business production between 1929 and 1932? How might the federal reserve response to a slowdown in economy or recession? What is 1000 reichsbanknote worth? Why price expectations can affect the supply of different types of goods in different ways? When the customer demand is equal to the seller production what is this called? What happens to the money supply when the Fed auctions credit? What is the nutritional status of the Philippines? How many US Dollar make one pound? Where is the headquater of opec?

Still have questions?

imp

Previously Viewed

What is the basic assumption of economics?

Resources

Top Categories

Product

Company

Copyright ©2024 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.