Questions what is the main features of the socialist economy?


Explain domestic property and give some examples



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Final exam questions and answers

Explain domestic property and give some examples.

Key words: product, produce, need.

Some properties are not valued by using the floor area so the valuation approach uses another means of comparison, for example for a bed and breakfast property a basic value is applied to the number of bedspaces. Valuation schemes. The VOA groups similar properties in the same area together to make sure that they value them fairly and consistently. This is called a ‘valuation scheme’. All properties in the same scheme will be given a value from the same value range. Property (latin: Res Privata) in the abstract is what belongs to or with something, whether as an attribute or as a component of said thing. In the context of this article, it is one or more components (rather than attributes), whether physical or incorporeal, of a person's estate; or so belonging to, as in being owned by, a person or jointly a group of people or a legal entity like a corporation or even a society. Depending on the nature of the property, an owner of property has the right to consume.

In production there are two features which explain increasing economic well-being. They are improving quality-price-ratio of goods and services and increasing incomes from growing and more efficient market production or total production which help in increasing GDP. ... The satisfaction of needs originates from the use of the commodities which are produced. The need satisfaction increases when the quality-price-ratio of the commodities improves and more satisfaction is achieved at less cost.




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