If resources were unlimited and freely available
Explain this statement: “If resources were unlimited and freely available, there would be no subject called economics.”
Expert
If resources were unlimited and freely available, making choices would not be necessary. Every person could have as much as they wanted of any good or service. Science of choice should be unnecessary in Economics.
Elucidate types of unemployment?
Transaction costs to ultimate consumers are reduced if: (w) consumers travel long distances to buy directly from manufacturers quite than buying the goods at local retail stores. (x) intermediaries generate income while conveying goods from manufactur
Write short note Economics?
I have a problem in economics on Resources of private Capitalism. Please help me in the following question. The Private individuals own most resources and find out how they will be employed in an economic system of: (1) Socialism. (2) Capitalism. (3)
Give a brief introduction of the term Cost of retained earnings?
Studies indicate that married men on average earn more income than unmarried men of the same age?
The Wealth of Nations that a pioneering survey of economic treated was published within: (1) 1849 year, and written by Karl Marx. (2) 1936 year, and written by John Maynard Keynes. (3) 1776 year, and written by Adam Smith. (4) 141 BC,
Can you explain how different government policies with respect to the recycling of aluminum and paper might account for these different market outcomes?
Describe briefly high financial leverage, low operating leverage?
What persuades new firms to enter in an industry? Answer: Abnormal profit encourages new firms to enter an industry.
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