Why socio-economic issues the people’s top concern in an economy are?

Q: What is economy type does the United States have?

A: The U.S. is highly developed country and has a mixed economy. The U.S. economic system features…

Q: What was the ideal society for President Ronald Reagan? What was his view on humans? Good, bad, etc.…

A: Reagan's profitable policy was erected on four pillars cutting government expenditure, lowering the…

Q: What is the economic values?

A: (Q) What is the economic values?

Q: Why do business people study economics?

A: Demand for a good refers to the quantity of that good with the consumers are willing and able to…

Q: Discuss what markets are?

A: Meaning of Microeconomics: The term microeconomics refers to that situation under which the…

Q: Services are tangible product; activities provided by other people, such as doctors, dentists,…

A: In economics, goods are objects that are obtained at the end of the production process. A producer…

Q: are needs that we learn during our lifetime. Multiple Choice Ethics Ideals Desires Wants Values

A: Individuals tend to have certain needs and want in order to live a life they tend to desire or wish…

Q: What is the rule of law?

A: It is a concept in which the law is something to be obeyed by everyone either the people or the…

Q: Why does economy exist in the world?

A: Economics is the study of household management and the activities related to the business or firm in…

Q: How can studying economics help you as a student?

A: Studying economics can help students by exposing them to theoretical approaches within the field of…

Q: examples of personal decisions (could range from small matters to big life-changing decisions) in…

A: A way the world tends to look, analyze and work by comparison of the costs of an action with the…

Q: Is economic is one of the most important thing in the world

A: Economics: Economics is the sociology that reviews how individuals communicate with esteem;…

Q: principles that describe how the economy as a whole works

A: Economy Economy is described as the area in which various amounts of consumption, production, and…

Q: Four factors of Production

A: Microeconomics studies the economic behavior of individual units such as a firm, a market, a…

Q: Give an example of something that is an economic good for one person and a financial bad for someone…

A: Financial things are the ones that mainly focus on wealth and its maximization. Economic thing…

Q: What are three basic economic questions?

A: Economics is the subject that studies how to allocate the limited resource between the unlimited…

Q: Does activism or social movements create a positive result? why or why not?

A: Social activism is effective even when it is done online, this is even more effective than offline…

Q: Which type of economic system do you support? Why?

A: The mixed economic system, market economic system, and the command economic system are the three…

Q: the relationship between economic well-being and social well-being (i.e happiness)?

A: Economic well being deals with the financial stability, investment and assets. It deals with the…

Q: How did economic change and urbanization affect family life?

A: Contrary to popular belief, urbanization is considered just as much a social as an economic…

Q: what is the significance of economics. Explain in details.

A: The social science of economics focuses on the creation, exchange, and consumption of commodities…

Q: Choices that are the best for the society as a whole are choices in the pursuit of…

A: When everyone acts to maximize their own self-interest, social interest is maximized. So, when…

Q: What is business planning?

A: In a layman language , We can define Planning as deciding in advance what to do and how to do a…

Q: How population affects the entire economy?

A: Economy refers to the management of the household activities along with the management of market…