Social Sciences, asked by paragsharma294, 1 month ago

WRITE ABOUT ALL THE THREE CONCEPTS OF ECONOMY.

Answers

Answered by Aayusheetiwari

1

Four key economic concepts—scarcity, supply and demand, costs and benefits, and incentives—can help explain many decisions that humans make. ... As a result of scarce resources, humans are constantly making choices that are determined by their costs and benefits and the incentives offered by different courses of action.

Previous Question

Next Question

Similar questions

English, 29 days ago

Few Lines on Armadillo...

Math, 29 days ago

answer the questions answer the questions before 1 o'clock...

English, 29 days ago

(D) Fill in the blanks with the noun form of the words given in the bracket against each blank:- Your _____ (brave) is best determined if you show ______ while practicing._____ (honest) and (d) ______ (truthful). You can't be sure of your (e) ______ (lively). So you must _________(patiently) in all ________( difficult) of life . Your key to success in life lies in your_______ (persevere).

Math, 1 month ago

43. Tom and Jerry were playing mathematical puzzles with each other. Jerry drew a square of sides 32 cm and then kept on drawing squares inside the squares by joining the mid points of the squares. She con- tinued this process indefinitely. Jerry asked Tom to determine the sum of the areas of all the squares that she drew. Il Tom answered correctly then what would be his answer? (a) 2018 (b) 1021...

Hindi, 1 month ago

जेब से चाकू निकालकर दोनों खीरों के सिरे काटे| (रचना के आधार पर वाक्य भेद बताइए) (क)सरल वाक्य (ख) मिथ वाक्य (ग) संयुक्त वाक्य (च) उपयुक्त वाक्य...

Political Science, 9 months ago

who was the chairman of the drafting commitee...

English, 9 months ago

What is the central idea of the story a...

Math, 9 months ago

fit a straingt line by the method of least squares to the following data...