In economics, what is the meaning of the phrase 'the tragedy of the commons? ' in market economies products are often similar and common, so the government must actively attempt to create variety in goods and services. in decisions involving intellectual property rights, policy-makers must compromise in order to reach common ground among competing interest groups. people will overuse or misuse a common resource that is not excludable but is rivalrous. it serves the common good to produce items that are neither rivalrous nor excludable, but profit‑maximizing firms will not produce such products. goods that are not rivalrous but are excludable are under‐produced by private markets, often with consequences that reduce social welfare.

Your goal is to have $2,000,000. you have a total of $40,000 today. you invest the $40,000 and want to add to it each month. at 10% annual interest, how much do you need to invest each month in order to bring the total up to $2,000,000 30 years from now?

Which actions can you improve your credit score? (multiple can be selected)having a good credit score should be your prime objective as credit companies analyze your creditworthiness before giving you a loan. there are certain guidelines you can follow to ensure you have a good credit score. always pay your mortgage interest on time. if you are a student, make student loan inquiries before taking any loan. if you have multiple credit cards, manage them judiciously. maintain a healthy balance in your bank account.1. always pay your mortgage interest on time.2. if you are a student, make student loan inquiries before taking any loan.3. if you have multiple credit cards, manage them judiciously.4. maintain a healthy balance in your bank account.

Contrast two economies that transitioned to capitalism and explain what factors affected the ease kf their transition as welas the “face” of capitalism that each has adopted