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ECS1501 Assignment 6 (QUIZ) Semester 1 2023 (658965)//ECS1501 DEFINITIONS
ECS1501 Assignment 6 (QUIZ) Semester 1 2023 (658965)//ECS1501 DEFINITIONS Households - CORRECT ANSW-A household can be described as all people who live together and who make joint economic decisions or who are subjected to others who make such decisions together. Every person in the economy belongs to a household. Firms - CORRECT ANSW-A firm can be described as the unit that employs factor market - CORRECT ANSW-it is the market in which the factors of production are sold and purcha...
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ECS1501 Assignment 6 (QUIZ) Semester 1 2023 (658965)//ECS1501 DEFINITIONS Households - CORRECT ANSW-A household can be described as all people who live together and who make joint economic decisions or who are subjected to others who make such decisions together. Every person in the economy belongs to a household. Firms - CORRECT ANSW-A firm can be described as the unit that employs factor market - CORRECT ANSW-it is the market in which the factors of production are sold and purcha...