ECONOMICS
SCARCITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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putting away money in a bank to use later
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buying things you need and want
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Either A or B
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None of the above
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Detailed explanation-1: -Some needs to consider are food, rent or mortgage, utilities, and other expenses. Transportation costs, insurance coverage, and any clothing and tools you need for work are included in this part of your budget. A want includes expenses that you can comfortably live without and is not essential for survival.
Detailed explanation-2: -An expenditure is money spent on something. Expenditure is often used when people are talking about budgets.
Detailed explanation-3: -One of the most obvious reasons people spend money is to solve a problem. As long as consumers have problems, they will always search for solutions. People will always look for better, faster and smarter ways to accomplish everyday tasks. The bigger the problem you solve the more you can charge.
Detailed explanation-4: -The Trick to Tracking Your Spending. Get Control of Your Impulses. Only Put Money on Your Credit Card if You Can Afford to Pay it off Each Month. Stop Trying to Impress Other People. Figure out What Habits Drain Your Budget. Learn to Value Investing Over Products. Learn to Invest NOW. 21-Nov-2022