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Economics

Parent Category: Business & Finance
Economics is the study of production, distribution and consumption of goods and services whether in a city, country or a single business. Questions about supply and demand and economic theory are welcome here.
flava girls bought a pair of shoes that call demand for new prouduct...
It is important to be literate because you need to be able to read and write to have an education and succeed in your life.
Well the main one is Trade and Shipping. They import and export goods in and out of the country. They also ship other countries goods as well. Singapore is placed in a very good location, near the water which gives them great access to shipping and they are at the busiest port in the world in terms...
The Unions's economy composed mainly of factories and large cities, while the confederate's economy was agriculture. The Union was able to manipulate its factories to mass-producing weapons and other war necessities which gave it an advantage against the Confederates in the American Civil War.
  The role played by entrepreneurship in economic development Date Posted: 4/17/2012 7:47:10 AM Total Responses: 0Posted By: sashooEntrepreneurship plays a significant role in the country's development. According to Harbison, entrepreneurs are prime movers of innovation. Sayigh describes...
Reasons four unemployment
Globalisation is being promoted through the four traditional links . the emergence and evolution of TNCs with increasingly diverse business interests spread over an ever widening area . the growth of regional economic or trading blocs such as EU , NAFTA (north American free trade agreement)...
This depends on the severity of the disability, and the state laws regarding unemployment and disability issues. The SSDI might be interested in what you were doing, so its best to check with both the Federal and state offices to get clarification.
  Private Disability Insurance   Private disability insurance includes sickness and accident payments, long-term disability, and short-term disability. This insurance is usually part of a benefits package at work.   If you are currently receiving sickness and accident payments, you are...
The difference is a natural resource is well natural. While capital is man made. Like an example for natural could be wood, while a capital recourse could be paper. Get it? I might not be right, but I'm pretty sure this is correct. Hope this helps!
GDP is a measure, a better question is what affects GDP. GDP is, specifically a measure of a country's production. A higher GDP signals growth, efficient production, it may affect policy decisions, it may affect Federal Reserve decisions (money supply and interest rate, target inflation rate etc.)
shortage of goods, prices of beef and wheat doubled, the colonists face an inflation, and there was a falling value of colonial money
"The Way to Wealth" is an essay written by Benjamin Franklin in 1758. It was originally published in the last issue of Poor Richards Almanak. The essay was later published as a book and has been republished in several formats. The original version was written in Colinial English, which may people...
  by making cool shoes and us wearing them!!..
The economy would be much greater because they would not have to  use the non renewable resources which would use more money than  using the renewable solar power   The economic impact is supply/ demand. Solar will boom as more  people think solar will be useful.   environmentally friendly
Inflation is the rise in the price level of a specific economy. Unanticipated inflation hurts savers and creditors. It declines the value of money. $1000 today may only be worth $500 dollars tomorrow if inflation is occurring at 100%.
Suppose, 'ABC Company' introduced some products in the markets. For the time being let us call it as P1, P2, P3, P4, P5. Consumers availed these products and kept using it. After a particular period of time, the company analyzed the performance of their products in the market. (The well performing...
Suppose after 50 years. There's no gas, no coal, no resources. And then how human can sustain the life like now? You can't use cars, airplanes or so. U can't transport the objects to somewhere. You can't turn conditional on. Yes, really there are nothing that you can do. Even worse at that time...
Infrastructure (Ex: Access to educated workforce/available roads etc.) It is simply the factors which a firm does not have a control over but that can make a firm more efficient. Roads can reduce transportation costs meaning that the firm is more efficient.
it honestly depends. there are many people who'm go against it saying it is very economically bad and there are people who want to continue to do free trade so it is up to u and what you think about it
I believe that this is called high inflation or hyperinflation. Hope this helps.
Yes, as long as you qualify under both programs.
Artificial Inflation is inflation caused by a single person or group of people buying out most of the items of one kind and reselling them at a higher price.
B. Perfectly elastic This is because it is operating in a perfect competitive market
Workers at a major battery factory go on strike and stop production. If there was a change in the price of batteries would indicate movement along the supply curve. For example if the battery manufacturer raised the price of AA batteries from 3.50 to 3.95 since it would cause movement along the...
Micro marketing is a market which is related to small market business is called micro marketing.Macro marketing is a market which is telling about huge market means it hibernation l market
Advantages:1. jobs are divided into various steps.2. each step is performed by an individual.3. makes efficient use of diversity of skills that workers hold.4. it could lead to higher productivity.disadvantages:1. jobs become to simplified.2. employees become bored and tired.3. quality of work may...
1. Number of Substitute Products - the greater the number of  substitute products, the greater is its own price elasticity of  demand.   2. Price of Product Relative to consumers income - the greater the  price of product relative to consumers income the greater is it  Price Elasticity.  ...
People need to have minimum knowledge about the govt. policies and impact of these policies on the market and in turn how it is helpful to the citizens of any country. Decrease repo rate is one of the most impacted policies of any government. Although the govt. may change it from time to time based...
yes if u go to college you are more likely to make more money. As far as the difference between the college you go to, if you go to a better college you are more likely to get a job that pays well so yes the college you go to will help your chances of making more money but doesn't neccesarily mean...
The federal and state governments needed to repay money they had  borrowed from various countries to pay for the Revolutionary War.
The average state benefit is for 26 weeks (payable within a 52 week period). Federal extensions increase the time received, but it depends on the state and the unemployment rate of the state compared to the national average. 26 weeks per claim. One claim per year. If you ever had your weekly dollar...
Supply and demand are vital to consumers. If a product is in high demand the supply has to go up which can increase prices because of the demand. Prices end up going up because more has to be shipped and it would have to get to the location of demand in a certain time.
Unemployment is income taxable, but does not count for Social Security purposes.No, only earned income (while working) counts toward SS benefits.
Not only would the benefits be suspended, but if this was unreported income, not in compliance with the regulations pertaining to receiving those benefits, you could be subject to unemployment fraud, a felony.
Seasonal unemployment exactly what it says.In other words the umemployment is seasonal.Disguised unemployment does not mean totally unemployed.It means employment but,in this employment more people are employed in a job in which less people are required
Of the three types, the least severe kind of unemployment is frictional unemployment. This is the unemployment caused by people switching from one job to another, or by those entering a new job field. For example, people would be considered frictionally unemployed when they are graduating from...
  Since reconstruction in the 1860's, Virginia has advanced greatly to the point where raw materials like coal or limestone aren't very important to the economy. What is important is agriculture and general businesses in the many cities along the eastern part of Virginia.
why did Wilson support the federal reserve act
Well, in Canada the most popular fish is cod fish and people tend to want to buy it for a very large amount of price because it is only Canada's special. So other countries buy the fish and Canada makes a profit out of it
Although the ejido system gave land to many poor villagers, it did not lift them out of poverty. Farmers could not use the land as security for a bank loan because they did not really own their land- the ejido did.
Arguments for Nationalisation They benefit from economies of scale (Bigger is better) which means that the prices to consumers is relatively lower than if we had a number of small firms.A monopoly owned, run and controlled by the government will stop the consumers being exploited.The government can...
Being more than or in excess of what is needed or required.    In accounting a non-profit organisation does not make a profit; any  excess income over expenditure is called a Surplus instead.
the cost involved in printing new notes
Well, its not something you would create. It is which you would lay off your employees because of financial issues or economic reasons. Or it could be the act of being fired because you have not reached the job requirements in a certain way your boss's standards come.
Usually governments do not impose trade barriers on exports, since the country gains money on exports. However, governments do impose tariffs as a mechanism to control imports from other countries. Usually they impose a tariff on products that are much less expensive if they are imported rather...
About 775,00 live in absolute poverty.duh
it raises them because a tariff is a tax on imported goods and you have to pay the tax
Yes, it is possible. The unemployment rate is calculated by dividing the number of unemployed people by the number of people in the labor force. The labor force does not include people who are not actively looking for work because they are discouraged by the job market. If over the month, some of...
Difference Prinicple by John Rawls (Ethics for the information age, Micheal J. Quinn)
If a modest price increase has little no no effect on the demand it means that the product is inelastic. Inelastic goods are those that people will need no matter what the price is, such as most medications, and food as a whole (not specific brands). Elastic goods are defined as goods were the...
Product, Price, Proximity, Preference and Promotion
Some positive elements are that it helps domestic consumers, firms  and, workers. However, it could lead to inflation or an overall  increase in price of products across all sectors. People may also  end up paying higher taxes on goods.
When there is a natural disaster, emergency crews (fire department, ambulance, police etc.) is usually the first help on the scene to help people out. Socialism system offers the best solution for handling emergency situations because the government takes care of paying the people who work there so...
Fiscal Policy: A policy that allows the government to use government spending and government taxes to correct the Marco equilibrium. Fiscal politics is the buying of votes with working individuals income. Nonworking people see the working class as rich and feel that they should be allowed the same...
A Market economy is most likely to develop new and better products.
The rise in the price of a product is going to cause:1. consumer demand of product to decrease2. producers supply decreases3. equilibrium price is uncertain because both demand and supply are shiftingHowever if demand grows relatively more than supply, price will rise, but if supply grows relatively...
Ethiopia, Haiti, Burkina Faso, nepal, uganda, mali, rwanda, guinea, mozambique, madagascar, malawi, togo, sierra leone, central africa republic, niger, eritrea, liberia, burundi, zimbabwe, congo
Equilibrium price: Market equilibrium price is the price that results when quantity demanded is just equal to quantity supplied. Equilibrium quantity: Market equilibrium quantity is the output that results when quantity demanded is just equal to quantity supplied. When the price is above the...
false. Oppurtunity cost is the cost of the next best choice you might make. For example you have five dollars. You can go to the theater and see a movie (in the past) for the full five dollars or you can go out to eat. If you choose to go to the theater but would have gone out to eat if you decided...
Barter is a very hard way to trade goods. Basically, if you want a chicken, let's say, you had to find someone that was willing to sell a chicken for something that you were willing or able to offer them in return. Because of this convergence of mutual wants and needs, barter is very rare. That is...
Households usually only sell labor to the government or to any other firm. Households are not able to produce anything else that would be of use the the government. If a person was a government worker, that would be selling their labor to the government.
Oil price fluctuations have impacts in many different markets all over the world. A couple years back, when gasoline prices were topping off around five dollars a gallon, you can see how the demand for SUVs plummeted. These sports vehicles had been popular before, but with the increased price of gas...
Resources change in many ways in time and in response to consumers needs and wants. Technology has greatly increased in the production of goods and has made it possible to produce many more goods for cheaper prices. Because of the ever increasing of population that all societies must face,...
product cost . the utility and demand . extent of competitiveness in the market . govt nd legal regulations . pricing objectives . marketing methods used
"I'll give you 70 chickens and a 40 lb bag of potatoes for that there horse and that plow."
A decrease in the willingness and ability of buyers to purchase a good at the existing price, illustrated by a leftward shift of the demand curve. A decrease in demand is caused by a change in a demand determinant and results in a decrease in equilibrium quantity and a decrease in equilibrium price....
There are much more advantages than disadvantages as considering industrialization. In this modern world industrialization is essential for development as considering England one of the developed countries in world had obtained their money by industrialization. Because of industrialization,...
Consumers Protection Act
The long term effects are businesses are at a low, Loss Of Tourism, Property damage, beach destroyed, Deaths - suffering of family members, Fear, Injuries.
media can change our daily lives in different ways.