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Is The possibility of filling unsatisfied needs in sectors in which a company can profitably produce goods or service is a market opportunity?
Because there are many new products that have to be invented to serve new needs.
Why is man and society the center of study in economics?
because man has no satisfaction. he wants to have so many things in his life. His desire for variety of goods makes living complicated and more challenging
Similarities of public goods and merit goods?
The strict definition of a Public Good is that it can be consumed jointly by many individuals at once without diminishing the quantity or quality of the available good or service, therefore, the concept of rival consumption does not apply. The concept of exclusion also does not apply to Public Goods as no-one can be denied the benefit of a public good for reasons of non payment - the Free Rider concept. Examples of Public Goods - clean air, protection from foreign invasion by a defense force etc. Merit Goods are those which the government or society has deemed beneficial or desirable...the benefits of merit goods are usually greater than they seem to the free market or individual. If the free market was left to provide these goods or services, it would probably undervalue them and not commit enough resources to their production. There are "externalities/spill over" benefits to Merit Goods that the individual or Price Market might overlook or undervalue. Merit Good examples - museums, social programs, music education in schools etc. Intervention by society to help drug addicts - anti smoking goods or services, Public Goods can be also be Merit Goods, but not all Merit Goods are Public Goods
Which innovation allowed for mass production of goods?
Interchangeable parts opened the way for producing many different kinds of goods on a mass scale and for reducing the price of the goods.
What is export-import economic model?
From logic alone, I will assume that an export-import economic model is the means by which a country operates to fulfill its economic needs by both exporting its goods to other countries, as well as importing goods from other countries. Some countries sustain themselves primarily via exporting goods, such as many Latin American countries during the neocolonial era, while others have a strong domestic economy thus export little, and import the other goods their own industries are lacking.
What are the challenges of secular society?
They have many of the same challenges that any other kind of society will have.
Does Dick's Sporting Goods sell bands for exercising?
There are many varieties of exercise bands available for purchase from Dick's Sporting goods. There are many different styles and prices to suit one's needs for performance and quality.
Why are there many roads in Rome?
Rome, like any large city, needs roads to enable people and goods to move around.Rome, like any large city, needs roads to enable people and goods to move around.Rome, like any large city, needs roads to enable people and goods to move around.Rome, like any large city, needs roads to enable people and goods to move around.Rome, like any large city, needs roads to enable people and goods to move around.Rome, like any large city, needs roads to enable people and goods to move around.Rome, like any large city, needs roads to enable people and goods to move around.Rome, like any large city, needs roads to enable people and goods to move around.Rome, like any large city, needs roads to enable people and goods to move around.
Does the high sales of consumer goods reflects the power of advertising and not the real need of the society?
High sales of consumer goods often indicate the effectiveness of advertising, which can create perceived needs and desires that may not align with genuine societal requirements. While some products fulfill legitimate needs, many are driven by marketing strategies that emphasize lifestyle aspirations and trends. This suggests that consumer behavior is significantly influenced by advertising rather than essential needs, highlighting the power of branding and promotion in shaping purchasing decisions.
Is The possibility of filling unsatisfied needs in sectors in which a company can profitably produce goods or service is a market opportunity?
Because there are many new products that have to be invented to serve new needs.
What kind of equipment will bearing distributors supply me and kind of uses do they have?
Well these distribution centers often house many goods in which they can redistribute to other companies and or hold packaging for many other companies as well.
What kind of tax is a sales tax?
It is an indirect tax.It is a tax levied on the sale of goods and merchandise. In many countries tax on sale of goods and tax on services is integrated into one tax called GST or Goods and Services Tax
What kind of goods are sold at Exchange Mart in the UK?
There are many goods sold at Exchange Mart in the UK. Some of which happen to be stocks of clothes and foods. A lot of things are on sale at this Exchange Market.
How many kind of requisitions are there?
There are mainly two types of requisitions: internal requisitions, which are used within an organization to request goods or services, and external requisitions, which are used to request goods or services from external suppliers or vendors.
What kind of colonists were mostly affected by the Stamp Act?
Many colonists were affected by the Stamp Act. It was an act that raised the prices on all imported paper goods, so everyone who used paper goods were affected.
How does politics affect the society as a whole?
who needs politics in society why do we get so many politicians - do we need them all? after all they steel the money form the w/c. policitcs controls the masses
What does society need from higher education?
There are a great many things that society needs from higher education including people who can research medicine. Higher education also provides society with people who can solve harder math, engineering, and business problems.
