Economists say that competitive markets are efficient because when there is competition prices are lower. The more available an item, the less it will cost the consumer.
why are ecomics scarce?
Its known as a trade surplus
Its known as a trade surplus
economics is useless because it is based on assumptions made by economists............
When economists say that people act rationally in their self interest they mean that
Economists say that competitive markets are efficient because when there is competition prices are lower. The more available an item, the less it will cost the consumer.
why are ecomics scarce?
"choices" means "escolhas" in portuguese.
Its known as a trade surplus
Its known as a trade surplus
Its known as a trade surplus
Its known as a trade surplus
weights
economics is useless because it is based on assumptions made by economists............
Yes, it certainly is correct. eg 4 is the lesser of 4 and 6 ---- It does depend on what you mean. "Lesser" involves only two choices; if you have more than two, it's "least."
When economists say that people act rationally in their self interest they mean that