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A hungry customer purchases a hamburger from a fast food restaurant.

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Voluntary exchange is an everyday necessary occurrence in a market economy. In order for the exchange to occur both sides must expect they will benefit. Which of these is an example of a voluntary exc?

An example of a voluntary exchange is when a consumer buys a coffee from a café. The consumer values the coffee and is willing to pay for it, while the café values the money received in exchange for the coffee. Both parties enter the transaction expecting to benefit—one gains a product they desire, and the other gains revenue. This mutual benefit is a fundamental aspect of voluntary exchanges in a market economy.


What is voulantary exchange?

Voluntary Exchange is the process of willingly trading one item for another. It is an exchange between two parties where each is free to refuse to trade. With Voluntary Exchange, both parties will gain, or at least not lose, from the exchange. Voluntary exchanges are the heart and soul of market transactions. This is the basis of a market economy. Voluntary exchanges promote economic efficiency.


Difference between exchange and transaction?

An exchange is when both sides agree on a swap sort of thing, both sides benefit from the switch. A transaction is goods going from one person to the other.


What if A bee pollinating a flower is an example of which form of symbiosis?

if the bee receives pollen or nectar both sides benefit but that is not always the case.


What was the exchange of goods between the old and new world?

The exchange of goods between the Old World (Europe, Asia, and Africa) and the New World (the Americas) is known as the Columbian Exchange. This exchange introduced a variety of crops and livestock to both sides; for example, the Americas provided potatoes, tomatoes, and maize, while the Old World contributed wheat, horses, and cattle. Additionally, the exchange included not just agricultural products but also diseases, which had significant impacts on populations in the Americas. Overall, the Columbian Exchange profoundly transformed societies and economies on both sides of the Atlantic.


When people trade how do both sides benefit?

They both get what they want/need .


When people tradehow do both sides benefit?

In trade, both sides benefit through the principle of comparative advantage, where each party specializes in producing goods or services they can create more efficiently. By exchanging their products, both parties can obtain items they value more than what they traded away, resulting in increased overall satisfaction. This mutually beneficial exchange allows for a greater variety of goods and services in the market, promoting efficiency and economic growth.


What is a polygon with 4 sides and no pair of parallel sides?

A kite for example.


Why do polygons have more sides than angles?

They don't. A pentagon for example, which is a polygon of 5 sides, also has 5 angles.They don't. A pentagon for example, which is a polygon of 5 sides, also has 5 angles.They don't. A pentagon for example, which is a polygon of 5 sides, also has 5 angles.They don't. A pentagon for example, which is a polygon of 5 sides, also has 5 angles.


Does a polygon usually have more sides or more angles example?

A polygon has an equal number of sides and angles. For example, a triangle has 3 sides and 3 internal angles.


Example of a nonagon?

9 sides


What is one example of a quadralateral with equal sides?

A square is one example.