environment
Who benefits from a surplus Why?
Explanation: Consumer surplus is the difference between the amount the consumer is willing to pay and the price he actually pays. So the direct benefit go...
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Environment
environment
What did Lenin do for communism?
Lenin’s administration redistributed land among the peasantry and nationalised banks and large-scale industry. It withdrew from the First World War by sig...
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environment
Is pollution a positive or negative externality?
Pollution is a negative externality. Economists illustrate the social costs of production with a demand and supply diagram. The social costs include the p...
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environment
What is a good used to make other goods and services called?
When manufactured goods are used to produce other goods and services, they are called capital goods. What is used to produce goods and services? Anything ...
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environment
What is the greatest indicator that a country will have a high standard of living?
GDP per capita The generally accepted measure of the standard of living is GDP per capita. 2 This is a nation’s gross domestic product divided by its po...
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environment
Is Norway richer than Switzerland?
At No. 2, Norway is Europe’s wealthiest nation. Like Switzerland, this economy has remained remarkably stable throughout Europe’s debt crisis. Norway’s GD...
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environment
What is the relationship between business and the economy?
Businesses provide goods and services that drive economic output, according to About.com. The law of supply and demand dictates that companies can step in...
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environment
What could you buy for 100 dollars in 1900?
$100 in 1900 is equivalent in purchasing power to about $3,234.48 today, an increase of $3,134.48 over 121 years. The dollar had an average inflation rate...
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environment
What are the characteristics of planning?
What Are The Characteristics of Planning? There are so many characteristics of planning. Those are: 1) Planning contributes to the objective, 2) Planning ...
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environment
What is the relationship between commerce?
Commerce encompasses all aspects of large-scale buying and selling activities carried on between nations, between or within states, and between or within ...
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