The following figures show the demand (D) and supply (S) curves of micro and macro economists.Figure 16.6
-Getting the work done by some other firm at lower costs, when the firm is situated in some other country, is called outsourcing.
Definitions:
Acceptance Of Terms
The agreement to abide by the conditions of an offer or contract.
Business Assets
Resources owned by a business that have economic value and can contribute to the company's future income, including both tangible and intangible items.
Payable In Installments
An agreement or obligation that allows payment to be made in parts or increments over a specified period, instead of a lump sum.
Corporate Stocks
Shares representing ownership in a corporation, providing shareholders with a claim on part of the company's assets and profits.
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