answersLogoWhite

0

scarcity is basically the main thing that influences peoples decisions daily

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

What are the key influences your daily economic decisions?

scarcity is basically the main thing that influences peoples decisions daily


Which of the following is not an economic goal that influences how societies answer the three key economic questions?

In order to know which of the following is not an economic goal that influences how societies answer the three key economic questions one would need to know the answer choices.


What three key economic decisions must every economic system make?

The three key economic decision of every economic system are price, how much to produce, and where to sell the product. This follows the principles of the laws of supply and demand.


What key influences the shape of sen no rikyu's life?

whaT KEY INFLUENCES SHAPED SEN NO RIKYU'S LIFE


When was Key Decisions created?

Key Decisions was created on 2003-11-23.


What is role of economic man in classical economics?

The concept of the economic man in classical economics refers to an individual who makes rational decisions based on self-interest and the pursuit of maximum utility. This assumption helps to analyze how individuals make decisions in the marketplace and how these decisions ultimately shape economic outcomes. The economic man is a key element in classical economic theories of supply and demand, competition, and market efficiency.


What are the key principles to consider when making decisions about investments in the stock market, and how can one effectively ask economics to guide their financial strategies?

When making investment decisions in the stock market, it is important to consider key principles such as diversification, risk tolerance, time horizon, and research. Diversification helps spread risk by investing in a variety of assets. Understanding your risk tolerance helps determine how much volatility you can handle. Your time horizon, or how long you plan to invest, influences your investment strategy. Researching companies and market trends can help make informed decisions. To effectively ask economics to guide financial strategies, one can study economic indicators, market trends, and historical data to make informed decisions. Understanding economic principles such as supply and demand, inflation, interest rates, and market cycles can help shape investment strategies. Seeking advice from financial experts and staying informed about economic news can also help guide financial decisions.


What is the definition of economic forces?

Economic forces are certain factors that are considered in making decisions of a company that can either bring success or failure in their business. These elements in business are the key factors in determining the next steps and strategies that a company must implement.


What are three key economic questions?

The three key economic questions are: What to produce? How to produce it? Who will consume it?


What are the key features of a capitalist economic system?

A capitalist economic system is characterized by private ownership of businesses and resources, free market competition, profit motive, and minimal government intervention in the economy. This system allows individuals and businesses to make their own economic decisions and encourages innovation and entrepreneurship.


What were the key decisions were made at Potsdam?

potato


A nations plan for answering the key economic problems is called its economic?

Economic System