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distinguish between economic activities and economic system
Weegy: Economic activity is quite simply the activity of the economy. It includes the growth and shrinkage of the economy and all factors that affect this. [ An economic system is the combination of the various agencies and entities that provide the economic structure that defines the social community. ] (More)
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Asked 4/25/2012 3:54:04 AM
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Distinguish between economic activities and an economic systerm.
Weegy: An economy consists of the economic systems of a country or other area; the labor, capital and land resources; and the manufacturing, production, trade, distribution, and consumption of goods and services of that area. [ Economic activity is the way that the economy is going, whether it is recession or not. ] (More)
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Asked 4/25/2012 4:00:17 AM
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mention two determinants of each of the motives for holhing money
Weegy: 1. Transactions Motives - this is the most obvious reason for holding money. [ [ We need money to be able to spend it, and so hold balances of money appropriate for that.Like the amount of money that you have in your pocket,wallet or purse. 2. Precautionary Motives - we also hold money in case we need to spend it. Unexpected bills or contingencies may mean that we need to hold a little extra money in case. Like the money we hold in banking accounts. 3. Speculative Motives - People have to decide how they are going to hold their money. There are of course a number of different ways, which can briefly split it intointerest bearing assets or non-interest bearing assets. Theinterest rate and the ease of access may be two important factors in determining this decision. The speculative demand for money is the amount held for the potential purchase of assets. ] ] (More)
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Asked 4/25/2012 4:27:09 AM
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what is market
Weegy: A market is one of the many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange. User: what is consumption Weegy: Consumption is a common concept in economics, and gives rise to derived concepts such as consumer debt. Generally, consumption is defined in part by comparison to production. (More)
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Updated 3 days ago|9/17/2014 9:09:56 AM
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