Answers About Economics

Accounting as an Aid to ManagementAccounting asan aid to management:The main object of Accounting is to record financial transaction systematically in the books
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Economics









What dose GDP stand for?


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GDP stands for Gross Domestic Product. It is a measure of the total economic output produced within a country's borders over a specific period, https://1xbet-kazaxstan.bet/ usually annually
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Economics









How does scarcity apply to different price ranges?


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Oh, isn't that a lovely question. Scarcity is like a gentle breeze that touches everything it comes across, no matter the price range. Whether it's a rare gem o
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Economics









Which type of economy is usally centered mainly on meeting people's basic needs?


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An economy that is usually centered mainly on meeting people's basic needs is known as a subsistence economy. In a subsistence economy, production is primarily
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Business & Finance



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Describe how subjectivity and other factors affect a person's calculation of cost and benefit Give an example of a cost-benefit analysis you have performed?


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Subjectivity can influence a person's calculation of cost and benefit by impacting how they perceive the importance of various factors. For example, personal pr
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Economics



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Define economics using the following terms allocation distribution goods resources production and services?


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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 b
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Economics









What are advantages of market stall?


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Well, honey, market stalls are great because they're cheap as chips to set up, you can interact with customers face-to-face, and you have the flexibility to cha
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Economics



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What are the advantages and disadvantages of a landscape office?


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A landscape office's open-plan layout promotes flexibility, cooperation, and communication. It lessens barriers associated with hierarchy and fosters a sense of
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Economics









What term is used to describe a business that becomes so large it literally swallows up the competition?


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MONOPOLY