Infinite Needs Most Characterize Which Economic System

question 46

Multiple Choice

Infinite needs most characterize which economic system?

• A)industrialism/informatics
• B)horticulture
• C)agriculture
• D)foraging
• E)pastoralism

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Definitions:

Rate Of Return

A financial ratio that calculates the profit or loss of an investment over a specified period, expressed as a percentage of the investment's initial cost.

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return.

Market Opportunities

Situations in which a company can meet an unsatisfied demand or can add unique value that customers will pay for in a particular market.

Qualitative Characteristic

Aspects that help evaluate or analyze non-quantifiable properties of financial information, such as relevance and reliability.