Ask Question
Social StudiesSocial Studies
17 January, 14:14

According to Say's Law, people

+4
Answers (1)
  1. 17 January, 14:42
    0
    It is an economic rule stating that production is where demand originated. When a person creates a product and that gets sold, the person gets paid. Once he gets paid he can then demand other goods and services by paying. This was developed by Jean-Baptiste Say who believed in free enterprise and was inspired by Adam Smith. He added that value of the products we buy depends on the value of the products we make. So it means you get what you put in.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “According to Say's Law, people ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Francesca began her speech about electronics addiction by talking about her cousin neil's failing grades that resulted from the countless hours he spent on video games.
Answers (1)
How much is pollution control estimated to increase the cost of production in the united states, percentage wise.
Answers (1)
The document says that the Romans sometimes gave away citizenship rights in measured amounts. Use an example to explain what this means.
Answers (2)
Which indicators do economists use to determine the state of the economy? Check all that apply. prices immigration levels agricultural output employment levels gross domestic product (GDP)
Answers (1)
A process with less than 100% efficiency is?
Answers (1)
New Questions in Social Studies
This is the name given to a written decision by supreme court justices that
Answers (1)
If, on average, each person fishing in your local lake catches 3.5 fish per fishing trip, with a standard deviation of 1.2, what are the mean and standard error for a sampling distribution of 30 fishing trips
Answers (1)
Economists assume that people are rational in the sense that A. they generally make the correct choices. B. they make decisions based on total, rather than marginal, variables. C.
Answers (1)
3. In February 1848, the defeated Mexicans made peace with the Americans. What did the United States get in return for leaving Mexico City and paying $ 15 million?
Answers (1)
What was one of the challenges Dr. Salk faced in his attempt to create a polio vaccine? Dr. Salk did not have enough money to pay for his research and supplies. Dr. Salk had to create one vaccine that was effective against three different viruses.
Answers (1)
Home » Social Studies » According to Say's Law, people
Sign Up Forgot Password?