1.

10 economics activities in people daily lives?

Answer»

Explanation:

Buying goods which give the highest satisfaction for the price. ...

Sunk cost fallacy. ...

Opportunity Cost. ...

There's no such thing as free PARKING. ...

Behavioural economics and bias. ...

Irrational exuberance. ...

On the other hand.

Primary ACTIVITIES. ...

Secondary activities. ...

Tertiary activities. ...

Quaternary activities. ...

QUINARY activities.

In an economy, production, consumption and exchange are carried out by three basic economic units: the firm, the household, and the government. Firms MAKE production decisions. These include what goods to produce, how these goods are to be PRODUCED and what prices to charge.



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