Explain Why You Might Not Be Able to Easily Measure

question 2

Essay

Explain why you might not be able to easily measure the power use of an electric appliance and what to do if this occurs.

---

Definitions:

Income Redistribution

A policy or process aimed at adjusting the distribution of income among a population to reduce inequality.

Economics

The social science concerned with the production, distribution, and consumption of goods and services, and the analysis of the choices people make to satisfy their needs.

Scarcity

The fundamental economic problem of having seemingly limitless human wants in a world with limited resources.

Government Intervention

Actions taken by a government to influence or regulate economic activities, often to correct market failures or achieve social goals.