True sustainable development recognizes that human well-being and survival inherently depend upon the health of Earth's natural systems. And true sustainable development would be environmentally sustainable, socially just, and personally meaningful.
The use of scarce resources is constrained, and the capacity of the Earth's ecosystems to absorb human waste is constrained. True sustainable development, on the other hand, acknowledges these planetary constraints. Growth economics denies the existence of such constraints. Growth economics is a system that is structurally designed to expand or disintegrate. The "solution" that orthodox economists pushed when this system was on the verge of collapsing in 2008–2009 was to encourage greater growth.
Learn more about true sustainability here brainly.com/question/30088146
#SPJ4
the shift toward a service based economy and mushrooming change in information technology are two areas of technology that affect businesses today. what is the third? increased use of social media the growing use of technology for competitive advantage developing technological strategic plans the goodyear tire and rubber company is a because it combines rubber and chemical compounds and uses blending equipment and molding machines to create tires. during the decline of the , a tremendous growth in the service sector kept the overall u.s. economy from declining at the same rate.
The third one is the growing use of technology for competitive advantage.
Technology turns into a aggressive benefit while it is harnessed to supply the subsequent 4 benefits: Real insight, actual responsiveness. Identifying and resolving troubles earlier than they come to be important complications has clean benefits, anything your business. The Goodyear Tire and Rubber Company is a Manufacturing employer as it combines rubber and chemical substances and makes use of mixing device and molding machines to create tires. Breakthroughs in records generation have ended in much less non-public communication, much less “down time” for managers and employees, and an improved experience of urgency through selection making and communication.
To learn more about manufacturing check the link below:
https://brainly.com/question/13440987
#SPJ4
to an effective salesperson, goals and objectives:group of answer choicesare the strategies and plans laid out by the salesperson.are based only on the purchasing power of the customers.refer to something the salesperson sets out to accomplish.are independent of account classification and territory analysis.are the tasks successfully carried out by the salesperson.
To an effective salesperson, goals and objectives: refer to something the salesperson sets out to accomplish. Option 3
What is meant by goals and objectives?An objective specifies the measurable steps that must be taken in order to reach the ultimate aim, whereas a goal is a realizable outcome that is typically broad and long-term. To guide your team's strategy, learn what the true differences are between the two.
A goal is a vision for the future or a desired outcome that an individual or group of individuals commits to envisioning, planning, and achieving. Objectives are specific actions you can take to advance toward your goals.
Read more on goals and objectives here:https://brainly.com/question/24693533
#SPJ1
The beneficiary of a credit life insurance policy is the:
The beneficiary of a credit life insurance policy is the lender that provided the funds for the debt being insured.The lender is the sole beneficiary,so your heirs will not receive a benefit from this type of policy.
A beneficiary can either be your offspring or financially dependent family members like your spouse,aging parents,siblings,etc.A beneficiary can also be a financial institution like a bank who has given you a loan or other finance.Credit life insurance is issued on the life of the person who has the debt debtor and the creditor owns and is the beneficiary of the policy. There are two scenarios for endowment policy maturation.That is, the insured party should not be the owner of the policy,but rather,the beneficiary should purchase and own the policy. If your beneficiary such as your spouse or children purchases the policy and pays the premiums,the death benefit should not be included in your federal estate.
To learn more about insured please click on below link.
https://brainly.com/question/27822778.
#SPJ4
the greater the substitutability between northwest timber and southeast timber, the is the cross elasticity of demand between timber from the two regions and the is the price elasticity of demand for northwest timber. 1) larger; smaller 2) smaller; larger 3) smaller; smaller 4) larger; larger
The cross-elasticity of demand for timber from the two regions and the elasticity of demand for Northwest timber both increase with the degree of substitutability between Northwest and Southeast timber.
What does demand cross-elasticity mean?In economics, the relationship between the percentage change in the quantity of a thing sought after and the percentage change in the price of another good, ceteris paribus, is quantified by the cross elasticity of demand, also known as the cross-price elasticity of demand.
Cross price elasticity of demand is the percentage change in a given product's quantity sought as a result of a percentage change in the price of a "related" product.
The cross elasticity of demand aids in determining the impact of these other items' pricing. It evaluates the relationship between the two when the price of one of the commodities varies. This is done by observing how demand for a product changes in reaction to a shift in the price of another product.
To know more about cross elasticity, refer:
https://brainly.com/question/14469117
#SPJ4
when do you perform risk idenficaon? a) at the beginning of a project. b) during project planning. c) during the whole lifeme of a project. d) during project execuon.
c) The best time to perform risk identification during the whole life of a project.
Risk identification is an ongoing process that should take place at every stage of project development and execution. During the project planning stage, the project team should identify potential risks and threats that could affect the project, as well as assess their likelihood of occurring.
During project execution, the project team should monitor the project environment for any changes that might affect the potential risks that have been identified. Risk identification should also be carried out at the end of the project to ensure that any remaining risks have been mitigated.
For more questions like Risk identification click the link below:
https://brainly.com/question/28343013
#SPJ4
The _____ budget is used for the cost of fixed assets like plants and equipment.
Multiple Choice
master
capital
production
cash
cost
The capital budget is said to be used for the cost of the fixed assets such as plants and equipment.
The capital budget is used by the companies for the cost of fixed assets in order to evaluate major projects and investments, such as new plants or the new equipment. The process tends to involve analyzing a project's cash inflows and outflows in order to determine whether the expected return meets a set benchmark.
However, this capital budgeting process is also known as the investment appraisal. Thus, the major methods of the capital budgeting which tend to include the discounted payback, cash flow, and throughput analyses.
Hence, option B is correct.
To learn more about the capital budget here:
https://brainly.com/question/17192889
#SPJ4
hank incurred $4,000 in actual expenses to operate the vehicle he uses in his consulting business. during the year, hank drove the vehicle a total of 8,000 miles, 2,000 of which were business-use. what amount of his actual expenses can he deduct as a vehicle expense on line 9 of his schedule c (1040), profit or loss from business (sole proprietorship)?
Hank incurred $4,000 in actual expenses to operate the vehicle he uses in his consulting business. The amount of his actual expenses is ($4,000)
What are the actual expenses?Generally, Based on the information you provided, Hank can deduct 25% of his actual expenses as a vehicle expense on line 9 of his Schedule C (Form 1040). This is because 2,000 miles, which were driven for business purposes, represent 25% of the total miles driven (2,000 / 8,000 = 0.25).
To calculate the amount of the deduction, multiply the total actual expenses by the percentage of business use: $4,000 x 25% = $1,000.
It's important to note that this calculation is based on the use of the standard mileage rate, which allows taxpayers to calculate their vehicle expenses by multiplying the number of business miles driven by a rate set by the IRS. Under this method, taxpayers cannot claim a deduction for actual vehicle expenses, such as gas, insurance, and maintenance.
If Hank chooses to use the actual expense method instead of the standard mileage rate, he can claim a deduction for all of his actual vehicle expenses, as long as they were incurred in the course of conducting his business. In this case, he would enter the total amount of his actual expenses ($4,000) on line 9 of his Schedule C.
It's also worth noting that the IRS has limits on the number of vehicle expenses that can be claimed as a business expense. For tax year 2021, the standard mileage rate is 56 cents per mile for business use, and the maximum deductible amount for actual vehicle expenses is $10,000 for cars and trucks (or $11,160 for vans, pickups, and panel trucks).
Read more about actual expenses
https://brainly.com/question/13080295
#SPJ1
What are the 3 key ingredients of success?
The three key ingredients of success is The Power Of A Goal, You Gotta Do The Work, Pass It On.
Realizing your passion in what you are doing means that everything else in your career and life can make up place. What you are doing can become necessary enough to require risks, failures become lessons and challenges become opportunities. ability, innovation and ability can become a by-product of the motivation for success.
These are seven qualities that we tend to should need to deliver the goods our goals. Commitment open mind Persistence Flexibility religion appreciativeness Passion Author has represented these seven qualities with samples of individuals around him have applied these to their lives. It makes these principles a lot of sensible and acceptable.
To learn more about success, visit here
https://brainly.com/question/26675203
#SPJ4
Who has the power to begin the process of raising taxes in the United States?
All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills.
Who is in charge of tax increases?In accordance with Article I, Section 8, Clause 1, the Congress shall have the authority to impose and collect taxes, duties, imposts, and excises in order to pay off debts, fund the nation's general welfare, and provide for the common defense. However, all duties, imposts, and excises must be applied equally across the board.
Can a state impose a tax increase?According to the Commonwealth of Australia Constitution Act of 1900, both the federal government and state governments have the authority to levy taxes. The main limitations on the federal government's ability to do so are that its taxes cannot discriminate against particular states or regions of states, and it may only levy federal taxes on excise and customs duties.
To know more about raising taxes visit:
https://brainly.com/question/1890153
#SPJ4
Does USPS pay for late delivery?
The concept mentioned here is USPS services, which is a postal service across the US. The answer is, yes they give 100% refund for late delivery.
However, you're entitled to get a refund, If your Priority Mail package isn't delivered on time. 1- day delivery guarantees that your correspondence will be delivered on a coming day, and 2- day delivery – that your package will be delivered two days latterly.
Still, USPS's claim process would cover the costs of shipping and the package value, up to the quantum specified, If your delivery were insured. However, if a Missing Mail Search determined your delivery is lost or damaged, a claim will cover the cost of shipping, If you didn't have insurance.
The U.S. Postal Service is the only delivery service that reaches every address in the nation 160 million places, businesses, and Post Office Boxes. The Postal Service receives no duty bones for operating charges and relies on the trade of postage, products, and services to fund its operations.
To know more about USPS services,
brainly.com/question/29719685
#SPJ4
Cherie pays her car insurance monthly. her annual premium is $984. each month she is charged a $2 convenience fee. if her annual premium is divided equally into twelve monthly payments, how much is her monthly insurance payment?
assuming a $984 annual premium. She is assessed a $2 fee each month. convenience charge Cherie's monthly insurance payment would be $84 if her annual premium were divided equally into twelve payments
Equation is the name given to two or more expressions with the equal sign.
Given,
The yearly premium for Cherie is $984.
The monthly fee for the annual premium is $2.
If the annual premium is divided equally into twelve payments, we need to determine her monthly insurance payment.
Let's divide 984 by 12 for each moth to get at this.
984/12
82
We are aware that the monthly fee is $2.
so multiply by 82 and add 2.
$82+$2
$84
learn more about insurance here:
https://brainly.com/question/27822778
#SPJ4
What are 4 agile principles?
a focus on people and interactions above procedures and tools, Working software over thorough documentation, customer input during contract negotiations over contract drafting, and adapting to change over sticking to a schedule. 4 principles of agile
What are agile's three pillars?In this article, I'll talk about each of the three Cs—Card, Conversation, and Confirmation—and explain why and how to make sure you're do that correctly. I'll also sprinkling in some advice from my experiences working with agile teams.
What are the three stages of the agile lifecycle?The Lean Life Cycle. The exploratory life cycle (Lean Startup). An organization's program life cycle.
To know more about agile visit:
https://brainly.com/question/28137403
#SPJ4
What is the wealth gap quizlet?
Wealth gap is the gap in net worth among various population groups.
The wealth gap refers to the disparity of total assets between races and ethnicities, whereas the wage gap refers to the difference in incomes from labour among various races and ethnicities. This inequality is a product of the previous generational accumulation of assets and variations in income.
Racial wealth discrepancies exist in the United States between minorities and the majority population as well as within various ethnic and racial groups. A disparity has been exacerbated by particular government policies and societal discrimination, but it's also critical to take into account long-term patterns in wealth accumulation.
Know more about Wealth gap here
https://brainly.com/question/29552202
#SPJ4
for a company concentrating on final assembly, adding retail and distribution into its value chain will require: backward integration. forward integration. taper integration. related diversification. unrelated diversification.
For a company concentrating on final assembly, adding retail and distribution into its value chain will require forward integration. Thus option B is correct.
What is the company?A company is a legal body formed by a number of people to conduct and manage a multinational corporation, whether it be commercial or economic. Depends on the market rules of its territory, a corporation may be set up in a variety of approaches for tax and lease responsibility reasons.
Forward integration will then be necessary for a business that focuses on finished product to include retail and distribute in its product lifecycle. Forward inclusion refers to the portion of the what takes position after a firm invests in production in the production process.
Therefore, option B is the correct option.
Learn more about company, Here:
https://brainly.com/question/27238641
#SPJ1
What happens to interest rates during contractionary fiscal policy?
To reduce the money supply,the central bank may choose to increase the cost of short-term debt by raising the short-term interest rate.
Contractionary fiscal policy reduces the national deficit.Rising interest rates will also affect consumers and businesses in the economy,as commercial banks will increase the interest rates they charge their customers.The demand for loanable funds decreases or the supply increases and the interest rate decreases.Monetary policy has the opposite effect on interest rates than fiscal policy.contractionary policy increases interest rates and limits the outstanding money supply to slow growth and decrease inflation, where the prices of goods and services in an economy increase and reduce the purchasing power of money through interest rate changes. policy to the discount rate and the federal funds rate.Rising interest rates increase the cost of borrowing and effectively reduce its attractiveness.
To learn more about fiscal policy please click on below link.
https://brainly.com/question/27250647.
#SPJ4
What are the six types of Agile frameworks?
The six types of Agile frameworks
Scaled Agile Framework (SAFe) ...
Scrum Scale (SaS) ...
Large Scale Scrum (LeSS) ...
Nexus. ...
Disciplined Agile (DA) ...
Enterprise Kanban, aka Portfolio Kanban.
All agile frameworks use iterative and gradual development, have a predetermined, defined iteration duration, and a lightweight structure that enables self-organized teams to more easily adapt to business requirements. It's a term for software development processes.Agile frameworks like Scrum, Kanban, and Extreme Programming (XP) are frequently used for product development. They are all in line with the Agile Manifesto's guiding principles.A particular method for organizing, coordinating, and carrying out work is known as an agile framework. Agile frameworks are typically divided into two groups: those created for teams and those created to assist businesses in using Agile at scale, across multiple teams.
Learn more about Agile frameworks by using this link:
https://brainly.com/question/28126520
#SPJ4
What are three ways the government can help business?
The government can help business with these three way which is interest rate, tax incentives, trade policies.
How can government help business?There are many ways for the government can take to help the business. But in most case, these three ways can ensure government help business.
First is by lowering the interest rate with this policy the business can consider to borrowing money from the bank. Then, after business borrow money, that money can be used to expand their business to make more profit.
Second is by tax incentives with this policy the business will paid less taxes and that mean more money for business that can be used to growth their business.
Third is by trade policies with this policy the business can protected from various obstacles and threats that can disrupt their business such as threats from foreign products, in this case the government can make import quotas.
Learn more about trade policies here:
brainly.com/question/27844996
#SPJ4
What did New Deal farm programs want to accomplish?
The major goals of the New Deal were relief, recovery, and reform.
What is New Deal farm program?The Agricultural Adjustment Act (AAA) was enacted as part of President Franklin D. Roosevelt's New Deal in 1933. Farmers were offered subsidies in exchange for limiting their production of certain crops under the law. Subsidies were intended to limit overproduction, allowing crop prices to rise.A major New Deal program to restore agricultural prosperity during the Great Depression by reducing farm output, reducing export surpluses, and raising prices.Because President Roosevelt's advisors believed that the economic depression was caused by a slowdown in agriculture, much of the New Deal was designed to assist farmers.Agricultural Adjustment Administration was established (AAA). Measures were implemented to reduce crop supply, stabilize prices, and support farm income.To learn more about New Deal program refer to :
https://brainly.com/question/11739226
#SPJ4
What is infrastructure as a service provider shares its computing?
Providing virtualized computing resources over the internet, infrastructure as a service (IaaS) is a type of cloud computing. Together with software as a service (SaaS) and platform as a service, IaaS is one of the three primary categories of cloud computing services (PaaS).
An example of a cloud computing service is infrastructure as a service, which offers essential networking, processing, and storage capabilities as needed and on a pay-as-you-go basis. IaaS is one of the four types of cloud services, along with serverless, platform as a service, and software as a service (SaaS). When we turn on the machine, the BIOS also completes various important duties. It is not a piece of hardware-specific software, either. I'm referring to system software. The operating system and all of the PC's fundamental hardware are connected via a special piece of system software called the BIOS, or basic input/output system. And it's frequently stored in the motherboard's flash memory chip, albeit occasionally it's not.
Learn more about infrastructure here:
https://brainly.com/question/14527131
#SPJ4
what is the physical difference between a flatfish and round fish? how do fabrication techniques vary for these fish? what are the 4 market forms of fish and how do you choose the best form for an operation to purchase?
Round: eyes on either side of face, bodies are truly round, oval, or compressed, Flat: asymmetrical compressed bodies, skin atop body is dark/camo eyes on one side of face.
How are the construction methods for round and flat fish different?Round: Cut down the backbone behind the gills into two fillets, one on each side (leave head). Cut parallel to the backbone, rubbing up against it from head to tail. Remove rib bones.
Flat: (4 fillets, 2 large bilateral from top and 2 small bilateral from bottom) (4 fillets, 2 large bilateral from top and two small bilateral from bottom.) Dark side up, head to tail, backbone severed. Blade on bone, between flesh and rib.
How are markets performing?A market's primary objective is to gather products from various sources and distribute them to various outlets. Dealers act as a channel for a seller's product demand, but from the perspective of the consumer, they expand supply options.
To know more about market visit :
https://brainly.com/question/17284274
#SPJ4
How does buying in bulk affect costs?
Answer:
yes it does because it can lower the overall cost witch means that its cheaper
Explanation:
What is groupthink examples?
Groupthink is demonstrated by historical events as the American invasion of Iraq, the Bay of Pigs invasion in Cuba, the Challenger space shuttle disaster, and the Enron-Arthur Anderson scandal.
What causes a collective think to occur?The main causes of groupthink are a combination of elements. These include decision-making stress, overall group isolation, coherence within the group, and decision-making stress. A tight group with high levels of cohesion has less verbal conflict because of the social need to fit in.
What does "groupthink" actually mean?When people reach an agreement without exercising critical thought or assessing the benefits and drawbacks, it is known as groupthink. The foundation of a groupthink is a shared desire to keep up the balance of the group.
To know more groupthink visit:
brainly.com/question/24961412
#SPJ4
What is the goal of sustainability in any process Mcq?
The definition of sustainability is "meeting the requirements of the present without compromising the needs of the future" and "ensuring a balance between economic growth, environmental protection, and social well-being." There are many types of sustainability there. They are:
Environmental sustainability: Environmental sustainability emphasizes biodiversity preservation without sacrificing economic and social advancement. Protecting water, conserving energy, cutting waste, utilizing recyclable packaging, decreasing or eliminating the use of plastics, adopting sustainable transportation, reusing paper, and protecting flora and fauna are the cornerstones of environmental sustainability.
Economic sustainability: When a business is established, a structure with costs and profits is produced. The business makes money once both aspects are in balance. Economic sustainability is the capacity of the organization to sustainably manage its resources and produce long-term profitability.
Social sustainability: Environmental, economic, and social sustainability are three interrelated types of sustainability that can be found in every community where economic activities are conducted in a particular environment. However, social sustainability, in particular, aims to increase the stability and cohesion of particular social groups.
Learn more about sustainability here brainly.com/question/15377969
#SPJ4
T/F in contract law, "consideration" refers to the time that a party takes to evaluate a deal.
The statement , consideration refers to the time that a party takes to evaluate a deal is True .
A promisor may swap their promise for consideration in the form of a promise, performance, or forbearance. A contract's main component is consideration. A pledge from the promisor. a promise's acceptance of the offer. monetary compensation or a commitment to do or refrain from doing something.
Mutual commitment between the parties to uphold the contract's obligations Consideration is the benefit that each party receives or anticipates receiving in exchange for signing the contract. For instance, Victoria's Secret receives your payment; you receive the cashmere robe.
To know more about contract law visit :
https://brainly.com/question/29484475
#SPJ4
if depreciation is $600,000 and the marginal tax rate is 35 percent, then the tax shield due to depreciation is
The tax shield due to depreciation is $210,000.
A tax shield is a permitted deduction from taxable income that lowers the amount of taxes that must be paid to the government. Mortgage interest, charitable contributions, medical costs, amortization, and depreciation are a few examples of these deductibles. Tax shields reduce the total amount of taxes that a business or individual taxpayer must pay.
Many middle-class people, whose residences make up a sizable portion of their net worth, benefit greatly from the option to use a mortgage as a tax shield.
The formula to calculate tax shield is
Annual tax shield=Annual depreciation *Marginal tax rate
= 600,000*35%
=$210,000
Therefore, the tax shield is $210,000.
To learn more about tax shield refer here
https://brainly.com/question/28556871#
#SPJ4
grace co. can further process product b to produce product c. product b is currently selling for $60 per pound and costs $38 per pound to produce. product c would sell for $95 per pound and would require an additional cost of $13 per pound to produce. what is the differential revenue of producing and selling product c?
The difference in revenue between making and selling article c is $35 per pound.
What does a company's revenue mean?The amount generated by sales for your company each year, minus expenditures and expenses, is what is referred to as annual revenue. The number of each goods you sold is multiplied by its purchase price, and the sum of the yearly sales of each product yields your gross annual turnover.
Briefing:
The computation of the differential revenue of producing and selling Product C is shown below:
= Revenue arise from selling the product C - Revenue arise from selling the product B
= $95 per pound - $60 per pound
= $35 per pound
By deducting the revenue of Product B from the revenue of product C we can get the differential revenue.
To know more about revenue visit:
https://brainly.com/question/29567732
#SPJ4
company has decided to terminate its retirement plan. in order to defer taxation on the distribution, the employee must roll over the funds into an individual retirement account within how many days of the distribution?
During 60 days of receiving the distribution, the employee should roll the money over into an IRA(individual retirement account).
The individual retirement account is what?By an individual retirement plan, people could save the money for retirement tax-efficiently. An IRA is an account set up by a financial institution that allows people to prepare for retirement while benefiting from tax-free growth or tax-deferred growth.
What retirement strategy is the safest?One of the most safest investment options is Treasury bonds, which are guaranteed by the full confidence and credit of the US government. escrow accounts: Savings accounts provide fast access to cash in case of emergencies and are a secure way to keep your money.
To know more about individual retirement account visit :
https://brainly.com/question/28962416
#SPJ4
Which one of the following statements is correct about a portfolio that is invested 30% in stock A, 40% in stock B, and 30% in stock C?
O The expected return of the portfolio is equal to the risk free rate of return plus a risk premium based on a weighted average of the betas of the individual securities and the market risk premium.
O The expected return on the portfolio is equal to the summation of the returns on the individual securities within the portfolio divided by three.
O The standard deviation of the portfolio is equal to the summation of the weights of each security multiplied by the standard deviation of each respective security.
The expected return of the portfolio is equal to the risk free rate of return plus a risk premium based on a weighted average of the betas of the individual securities and the market risk premium.
The average (mean) of a portfolio's potential return dispersion, the expected return is the amount of returns that are predicted to be generated by a portfolio. Alternatively said, it refers to the stock's susceptibility to market risk. For instance, an investment has 150% of the volatility of the market average if its beta is equal to 1.5. The expected return on an asset, however, is equal to the typical market return if the beta is equal to 1.A single stock's movement in relation to the market is theoretically measured by the CAPM Beta, which takes correlation between the two variables into account. The market represents unsystematic risk, whereas beta represents systematic risk.
To learn more about portfolio click the link below:
brainly.com/question/29333981
#SPJ4
carpenter inc. estimates warranty expense at 5% of sales. sales during the year were $6 million and warranty expenditures were $53,000. what was the balance in the warranty liability account at the end of the year?
The balance in the warranty liability account at the end of the year is $36,000.
What is the difference between warranty liability and warranty expenditures?The average warranty period that a business permits serves as a cap on the total cost of warranty expenses. A company no longer has a warranty liability once the warranty period for a product has passed.
Expenses associated with warranties are those that a business expects to pay for the replacement or upkeep of goods that customers buy. Only during the predetermined warranty period are costs related to warranties accounted for by businesses. Companies stop incurring warranty costs when the warranty period has passed.
The amount of the expected repair or replacement costs for goods that have already been shipped or services that have already been rendered are recorded in a liability account called a warranty liability by the company.
Let the warranty expense be 5%
warranty expenditures $53,000
$4 million × 2% = $80,000
$80,000 - $44,000 = $36,000.
Therefore, the balance in the warranty liability account at the end of the year is $36,000.
To learn more about warranty liability account refer to:
https://brainly.com/question/15457683
#SPJ4
Who sets the price in a free market?
Sellers and buyers sets the price in a free market. A free market is an economic system in which sellers and purchasers express their supply and demand through the prices they charge for goods and services.
There are more purchasers than there are available homes in a seller's market. A buyer's market, on the other hand, develops when there are more houses up for sale than there are potential purchasers. A seller's market is one where homes frequently sell for or over the asking price. A buyer's market is indicated by homes that sold for less than the asking price. The market's pricing is determined by the interaction between supply and demand. An equilibrium price is established by supply and demand being in balance. Prices tend to return to this equilibrium until specific factors in supply or demand change. Slow home sales, a large number of vacant properties, and falling property prices are the hallmarks of a buyer's market. Rapid home sales, a lack of available properties, and rising property values are signs of a seller's market.
Learn more about Sellers and buyers here
https://brainly.com/question/29305330
#SPJ4