In which economic decisions are controlled by the internal

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Q1. Jim left his previous job as a sales manager and started his own sales consulting business. He previously earned $70,000 every year, but he now pays himself $25,000 every year while he is building the new business. Illustrate what is the economic cost of the time he contributes to the new business?

Q2. An economic system, in which economic decisions are controlled by the internal interaction of supply and demand, is known as a Illustrate what?

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