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from society's point of view, the economic function of profits and losses is to Bnb XRP aave Bonk coinbase futures litecoin futures cardano futures

What is the economic function of profits and losses?

From society's point of view the economic function of profits and losses is to: reallocate resources from less-desired to more-desired uses. contribute to a more equal distribution of income. perpetuate full employment and price level stability. promote the equal distribution of real assets and wealth. 18.

What is Economics in sociology?

Economics. The social science concerned with how individuals, institutions, and society make optimal (best) choices under conditions of scarcity. Economic way of thinking. To obtain more of one thing, society forgoes the opportunity of getting the next best thing. The pleasure, happiness, or satisfaction obtained from consuming a good or service.

What happens if an economy produces at a point?

This economy will experience unemployment if it produces at point: Assume an economy is incurring unemployment. The effect of resolving this problem will be to: move the level of actual output to the economy's production possibilities curve. Economics.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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