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What is the difference between exogenous and endogenous factors influencing the outcome of the experiment?
Exogenous factors are external influences that affect the experiment, while endogenous factors are internal influences. Exogenous factors come from outside sources, like environmental conditions, while endogenous factors come from within the system being studied. Both types of factors can impact the outcome of the experiment.
What is the difference between economic and noneconomic activity?
Economic activity is the activity in which we work for earning an incom. Non economic activity is the activity wich we do it for our satisfaction.
What is the difference between global economy and international economy?
There is no functional difference; they are the same thing, though they may be applied to differentiate between economic activity between certain groups of states and the world as a whole.
What is the difference between farming and non farming?
Farming= An activity or business where crops are grown and or livestock is raised for profit. Non Farming= An activity or business which does not perform this
What is the difference between a reccession and a depression?
Recession refers to a temporary economic decline whereas a depression is a period of prolonged downturn in economic activity
