​Why Would One Want to Use a General Purpose Programming

question 14

Short Answer

​Why would one want to use a general purpose programming language rather than a spreadsheet to develop a
simulation?

---

Definitions:

Factors of Production

Resources used in the production of goods and services, typically categorized into land, labor, capital, and entrepreneurship.

Households

Economic units consisting of all the people who occupy a housing unit, making decisions about resource allocation, consumption, and labor supply.

Goods and Services

Physical items (goods) and intangible benefits (services) that fulfill human wants or needs.

Factors of Production

Resources used in the production of goods and services, traditionally categorized as land, labor, capital, and entrepreneurship.