ARE THE 3 BASIC CHARACTERISTICS OF THE ECONOMIC PERSPECTIVE SUPPLY, DEMAND AND EQUILIBRIUM OR PRICES, INCOMES, AND QUANITITIES.

I BELIEVE THEY ARE SUPPLY, DEMAND AND EQUILIBRIUM, BUT NOT SURE.

June, when you type in all-caps, two things happen:

**it's harder to read, and
**it's the online equivalent to SHOUTING.

Please just type in regular mode, not with the Caps Lock feature turned on. Thanks.

=)

Okay, Any response on my question?

I would think the first set, but then I'm not an econ teacher. Just someone who's trying to "stay level" during our current mess!

I hear ya! Thanks.

Many Many concepts fall into the realm of "economic perspective," including supply, demand, equilibrium, prices, quantities, income, etc. Amoung your two choice sets, if I had to pick the one that is the "most basic", I would go with prices, quantities, and income.

Thanks for your input

The three basic characteristics of the economic perspective are supply, demand, and equilibrium. Supply refers to the quantity of a good or service that businesses are willing and able to produce and sell in a given time period. Demand, on the other hand, represents the quantity of a good or service that consumers are willing and able to purchase at a given price. Equilibrium occurs when the quantity demanded by consumers matches the quantity supplied by producers and the market is in a state of balance.

To confirm this information, you can look up reliable sources such as economics textbooks or reputable websites that explain the basic principles of economics. These sources will provide a clear explanation of the economic perspective and its fundamental components. Additionally, consulting with an economics teacher or professor can also help clarify any doubts or misconceptions you may have.