Which of the following are examples of limited resource on the part of consumers?
Time and money are examples of limited resources on the part of consumers. Time and money are examples of limited resources on the part of consumers.
What would most affect the price a consumer is willing to pay for newer version of a laptop computer?
Based on the lesson, what would most affect the price a consumer is willing to pay for a newer version of a laptop computer? sufficient products to meet consumer wants. Every economic decision has. a consequence or tradeoff.
What is one way that economics and influence your daily life?
Economics affects our daily lives in both obvious and subtle ways. From an individual perspective, economics frames many choices we have to make about work, leisure, consumption and how much to save. Our lives are also influenced by macro-economic trends, such as inflation, interest rates and economic growth.
What is the importance of economics in education?
Importance of Economics of Education: As economics deals with planning, financing and appropriate utilization of resources and basic education is the fundamental right to all in India; it becomes very essential to equate the available resources.
Why do I love economics?
analytical skills. More broadly, an economics degree helps prepare you for careers that require numerical, analytical and problem solving skills – for example in business planning, marketing, research and management. Economics helps you to think strategically and make decisions to optimise the outcome.
Who is the founder of economics?
Adam Smith was an 18th-century Scottish economist, philosopher, and author, and is considered the father of modern economics.
Who was the first Mother of India?
Bhikaiji Rustom Cama,or Madam Cama was born on 24 September 1861 in Bombay. She was an outstanding lady of great courage, fearlessness, integrity, perseverance and passion for freedom. and is considered as the mother of Indian revolution because of her contributions to Indian freedom struggle.
Who is Father of Mother India?
R Ambedkar – The Father of Modern India.
Who gave India Republic?
Rajendra Prasad
Does Britain still rule India?
Independence came in 1947 with the Partition of India into the dominions of India and Pakistan, within the Commonwealth of Nations. In 1950 India became a republic and the link with the British crown was severed. The Dominion was part of the Sterling Area (the Republic of India finally leaving in 1966).