Explain Why Each of the Following Is Considered an Economic

question 117

Essay

Explain why each of the following is considered an economic issue:​
​
a.whether to spend Saturday afternoon at a football game
b.obtaining tickets to a U2 concert
c.your university considers your application for one of 25 available scholarships

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Definitions:

Products and Services List

A comprehensive categorization of the goods sold and services offered by a business, often used for inventory management and sales record.

3-Way Match

A process in accounting used to compare the purchase order, the receiving report, and the supplier's invoice before making a payment.

Internal Control

Measures and protocols established within an organization to safeguard its assets, enhance the reliability of its accounting records, and increase efficiency in operations.

Bundle

A group of products or services sold together, often at a reduced price compared to purchasing each item individually.