What is the difference between economy and economics

Answers

Answer 1
Answer: Basically, economics is the study of an economy, i.e. its structure, condition, working, performance, issues, remedies, etc. ... On the other hand, an economy indicates a region, a particular area or country, concerning production, distribution, consumption, and exchange of goods and services, and supply of money.
Answer 2
Answer:

Answer:

economy:

the relationship between production, trade and the supply of money in a particular country or region.

economic:Economics is a science that studies economies and develops possible models for their functioning


Related Questions

How can advertising affect consumers? Select one:a. It can change cultural practices and conventionsb. It can change strongly held valuesc. It can manipulate society against its willd. It can change negative attitudes to positive ones e. It can make people buy things they do not want
In order for a teen to have a successful business, they must to do all of the following EXCEPT _____.a. be prepared to work long hours b. make a profit with the business c. ignore customer satisfaction d. be able to promote the business
Market competition doesn't eliminate scarcity. True False
Advise Florence and her team on how they can convince the staff using john kotter's theory to lead change
Supporters of minimum wage believe that it provides _____. higher rents more personal income fewer jobs

A goldsmith has $2 million of gold in his vaults. He issues $5 million in gold receipts. His gold holdings are what fraction of the paper money (gold receipts) he has issued? LO33.1 a. 1/10. b. 1/5. c. 2/5. d. 5/5.

Answers

he has 2 million gold holding
He has 5 million of paper money

the fraction = gold holding/paper money

                     = 2 million / 5 million
                     = 2/5

so the answer is C. 2/5

Why did early farmers use slash-and-burn agriculture? A. to get rid of pests B. to get rid of old crops C. to keep the soil fertile D. to keep undergrowth from drying out the earth

Answers

C. To keep the soil fertile

the ashes somehow replenishes the soil thus providing nutrients for future crops. If they didn't do this, the soil would be depleted. They also rotated crops so that they didn't deplete the soil. 

Hopefully this helps.


Eight methods for improving intercultural communication

Answers

Hi there! I know you asked for eight methods but I can only think of five methods. The first method would be to be aware of your own country. The second method is to become and or think like a learner. The third method is get mystical as in get curios. It's like think. The fourth method is to listen. And the last but not least. The fifth method is look at different cultures.
Know about your own particular society

Be a learner:

Get inquisitive:

Listen and watch

Experience distinctive societies frequently

Relate to others

Dropping harsh conduct

Evasion of "head mindset"

Why is the slow growth that can result from a contractionary policy a positive effect

Answers

A slow growth can be good if the economy is not stable: it provides stability. This might be especially important during the time of inflation: when an inflation happens, a quick growth might lead to huge inflation instead and the economy will not grow stronger as a result. In this case a slow, rather than a fast growth, will allow economy to actually grow stronger from the current growth.

fill in the blank. in the___, if profits are not feasible, firm operating in a perfectly competitive market will look for the quantity of output where___.

Answers

In the short run, if profits are not feasible, a firm operating in a perfectly competitive market will look for the quantity of output where total revenue equals total cost.

This is known as the break-even point, where the firm is able to cover its costs but is not making any profit. By producing at this quantity, the firm is able to minimize its losses and stay in business until it can find a way to become profitable in the long run.

Total revenue is the total amount of money a company brings in through sales or services. Total cost is the total amount of money spent by a company to produce and sell products or services. Total revenue includes all of the costs associated with producing and selling products or services, such as materials, labor, and overhead costs. Total cost does not include the cost of capital. Total revenue is the amount of money a company earns, whereas total cost is the amount of money a company spends in order to produce and sell products or services.

Learn more about total revenue equals total cost

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Maria is going to take out a loan with a principal of $19,700. She has narrowed down her options to two banks. Bank M charges an interest rate of 7.1%, compounded monthly, and requires that the loan be paid off in five years. Bank N charges an interest rate of 7.8%, compounded monthly, and requires that the loan be paid off in four years. How would you recommend that Maria choose her loan?a.
Bank M offers a better loan in every regard, so Maria should choose it over Bank N’s.
b.
Maria should choose Bank M’s loan if she cares more about lower monthly payments, and she should choose Bank N’s loan if she cares more about the lowest lifetime cost.
c.
Maria should choose Bank N’s loan if she cares more about lower monthly payments, and she should choose Bank M’s loan if she cares more about the lowest lifetime cost.
d.
Bank N offers a better loan in every regard, so Maria should choose it over Bank M’s.

Answers

Answer:

B

Explanation:

To answer this question we have to make comparisons between the two proposals.

1) Bank M

19700

7.1% compounded monthly = 86 annualy

5 years Maturity

Performing calculations, the outcomes:

Monthly Payment $391.01

Time Required to Clear Debt 5.00 years

60 Payments total of $23,460.82

Total Interest $3,760.82

2) Bank N

19700

7.8%

4 years maturity.

Monthly Payment $479.09

48 Payments total of $22,996.19

Total Interest $3,296.19

Both proposals consider a Constant Amortization System, with constant monthly payments. Notice also that Bank N offer lower total interest despite a higher monthly payment, and Bank M offer higher interest yield and lower monthly payment.

.

Answer:

Answer is B I am 2000% sure.

Explanation: