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Economics
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.
500 Questions
Which are the 4 factors on which economic growth is considered to be dependency theory by bar-an?
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What can organizations do in the short run when they recognize a gap in which supply far exceeds demand?
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In this economic function the government attempys to correct failures like monopolies?
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How does a country in debt make people poor?
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It takes their money in order to get out of debt.
What do you understand by nature and scope of economic geography?
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Geography is an interesting subject.South America has vast resources of forests,water,minerals and land but many of its resources have not been fully untilized.let us consider each of these resources and see to what extent and in what manner they have been used.The largest forests of the continent are the selva.
Which condition leads to an increase in supply?
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an increase in the cost of raw materials
What are the three goals of a healthy economy?
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stable prices
full employment and economic growth
In what type of economy the government owns the basic means of production?
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A Communist Economy.
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Socialism
Which of the following best describes the effort of outsourcing on the labor market in the US?
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What type of economy is the best?
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The United States has a mixed economy which has many disadvantages for everyone. Often times the rich keep getting richer and the poor keep getting poorer. The best economy is an Equitable Economy. It is the fairest economy and an economy that rewards workers at all levels of an organization if that organization is successful (much different than a socialist view which distributes equal portion no matter the contribution). Currently people are allowed to steal data from those that are unprotected and it's legal. In an Equitable Economy, every person that contributes data receives a portion relative to what their data contributed to the overall revenue from any venture.
