Podcast
Questions and Answers
What are the main factors that are involved in a given economy?
What are the main factors that are involved in a given economy?
culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources
Who are the economic agents in an economy?
Who are the economic agents in an economy?
individuals, businesses, organizations, or governments
When do economic transactions occur?
When do economic transactions occur?
when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency
How is an economy defined?
How is an economy defined?
What is the economic domain?
What is the economic domain?
What are the factors that give context, content, and set the conditions and parameters in which an economy functions?
What are the factors that give context, content, and set the conditions and parameters in which an economy functions?
Who can be the economic agents in an economy?
Who can be the economic agents in an economy?
When do economic transactions occur?
When do economic transactions occur?
What is the definition of an economy?
What is the definition of an economy?
What is the economic domain?
What is the economic domain?
What are the factors that give context and set the conditions in which an economy functions?
What are the factors that give context and set the conditions in which an economy functions?
Define an economy as a social domain and explain the interrelated human practices and transactions.
Define an economy as a social domain and explain the interrelated human practices and transactions.
Who can be considered as economic agents in an economy?
Who can be considered as economic agents in an economy?
What are economic transactions and when do they occur?
What are economic transactions and when do they occur?
Explain the components of an economy and how they are interconnected.
Explain the components of an economy and how they are interconnected.
