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These shortcomings are also listed in Chapter 6 of the text. Provide specific real-world examples of...

These shortcomings are also listed in Chapter 6 of the text. Provide specific real-world examples of two of these limitations. Do not use real-world examples that were listed in the text.

The list of shortcomings:

Non-market Goods and Services.

Underground Economy.

Quality of the Environment.

Leisure time.

Happiness.

Business   Economics   
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Answer #1

Non market goods and services-These are goods and services whose transaction does not include payment in monetary terms.Clean water,air,mother nursing her children.

Underground economy-Underground economy are based on illegal activities.Ex-Drugs and prostitution.

Quality of the environment-It measures the condition of the environment.Ex-level of PPM in the atmosphere.

Leisure time-Free time.Sleeping or watching a movie are a part of leisure time.

Happiness-Getting a job or,getting a car

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