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scarcity is basically the main thing that influences peoples decisions daily

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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 is a key influence?

A key influence refers to a significant factor or force that shapes decisions, behaviors, or outcomes in a particular context. This could be an individual, cultural norm, economic condition, or environmental factor that has a profound impact. Understanding key influences is essential for analyzing situations and predicting future trends, as they often drive change and development within systems or groups.


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 determining force?

Determining force refers to the specific force or set of conditions that dictate the outcome of a situation or the behavior of an object in a given context. In physics, it can relate to the net force acting on an object, which influences its motion according to Newton's laws. In broader contexts, such as social or economic scenarios, it can represent the key factors that shape decisions and trends. Understanding determining forces is crucial for predicting outcomes and making informed decisions.


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 is one key economic task that the president must perform?

One key economic task that the president must perform is to formulate and implement fiscal policy, which involves making decisions on government spending and taxation. This includes proposing budgets, addressing economic challenges such as recessions or inflation, and working with Congress to pass legislation that impacts the economy. Additionally, the president plays a crucial role in setting the overall economic agenda and responding to economic crises.


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.