Economic

Economic Quiz Chapter 1,2,3,4 Questions and Answers Already Passed What is Economics? The study of how peoples need to satisfy their needs and wants by making choices. What are the three factors in every Economic scenario Land, Labor, Capital What is a trade-off? All the alternatives that we give up whenever we choose one course of action over another. What is a production Possibilites curve/What does it show? A graph that shows al alternative ways to use an economy's productive resources. A...

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Economic is the study its introduction

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Inflation is a bad are the main problem of people.Most of the country inflation is is many cause and government want to decrease in these problems.

Inflation is an economic concept that refers to the sustained increase in the general price level of goods and services in an economy over a period of time. It is typically measured as a percentage and is used to quantify the rate at which prices rise. Inflation has a significant impact on various aspects of an economy, including consumers, businesses, and government policies. Here are some key aspects of inflation: Causes of Inflation: Inflation can be caused by a variety of factors, but the...

These are notes i took in class and what I understand,so it might be a little helpful:)