Question 2 options are;
- government
- market
- firm
- business sector
Answer:
1. microeconomics concentrates on the behavior of individual consumers and firms, while macroeconomics focusses on the performance of the entire economy.
2. government.
Explanation:
1. Indeed, the government in a command economy (like China) makes most economic decisions itself or at least strongly influences how the decisions are made.
2. We note that the word 'macro' indicates large scope, while 'micro' indicates a smaller scope. And so, the difference is that microeconomics concentrates on the behavior of individual consumers and firms, while macroeconomics focusses on the performance of the entire economy.
If its true or false question then true i think.
Answer:
This is not correct, as the information systems in this age are rapidly transforming, due to artificial intelligence and IoT.
True they belong to the bracket of unemployed citizens and are dependent on the working force or are consuming their savings
Answer: option E -Corporation
Explanation:
Corporation is the most effective form of business organization for raising capital
