Discuss the role of the consumer and the production of goods and services in relation to core concepts of economics.

Answers

Answer 1
While having a basic understanding of economic theory isn't perceived as being as important as balancing a household budget or learning how to drive a car, the forces that underpin the study of economics impact every moment of our lives. At the most basic level, economics attempts to explain how and why we make the purchasing choices we do.

Four key economic concepts—scarcity, supply and demand, costs and benefits, and incentives—can help explain many decisions that humans make.

Related Questions

Which of the following does this cartoon illustrate?

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i need a picture of the cartoon
can u plz place the picture of the cartoon

Why did many Italians support Mussolini during the Great Depression?

He lowered unemployment and improved the national economy.
He granted religious toleration for non-Catholics.
He decreased the size of the military and reduced government spending.
He supported democratic reforms.

Answers

Answer: He lowered unemployment and improved the national economy.

Explanation:

Mussolini lowered unemployment and improved the national economy because of which Italians supported Mussolini during the great depression. Hence, Option A is the correct answer.

Who was Mussolini?

Benito Mussolini became an Italian political leader who became the fascist dictator of Italy from 1925 to 1945. First a modern socialist, he launched the fascist paramilitary movement in 1919 and became a high minister in 1922.

Hence, Option A is the correct answer.

learn more about Benito Mussolini here:

https://brainly.com/question/988351

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Implied powers are essentially granted through the "necessary and proper clause"
(Article 1, Section 8) of the U.S. Constitution that states the Congress can do what it
believes is necessary to carry out the powers expressed elsewhere in the
Constitution.
True
False

Answers

Answer: True

Explanation:

Did some research its right.

True***********************

difference between coming together federation and holding together federation​

Answers

Answer:

'Coming together' federation is nothing but independent states coming together on their own to form a bigger state or country. Holding together federation is nothing but the division of powers between the states of the country and central government of that country.

Explanation:

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