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Which component of a market system conveys information about what is relatively scarce and what is relatively abundant?
Wiki User
∙ 13y ago
supply and demand
Wiki User
∙ 13y ago
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Where does money go after it's made?
Actually I think the question was related to how money is distributed. In the U.S., coins are made by the U.S. Mint and paper money by the Bureau of Engraving and Printing. The Federal Reserve system, which is the country's central bank, orders money from those two departments. Each district then conveys the money to banks which in turn make it available to businesses and individual customers. This somewhat complicated method of distribution is part of the way in which the Federal Reserve system keeps control of the money supply. Of course they actually do much more by controlling interest rates, etc. as opposed to coins and bills, but it's all part of the tools the central bank uses to try to keep the economy on a relatively even course, the current crisis notwithstanding. === ===
How you make payments in chit fund company?
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How does the interest rate regulation effect the demand and supply of credit in the country?
demand and supplyInterest rate regulation refers to the cost of credit. If the interset rate rises, than this means that the amount of expenditure in the economy will fall. This is due to the fact that as interest rates rise, the cost of borrowing credit goes up, this then invokes house holds and firms to stop investing because they will be paying more interest. Thus the 2 sectors (households and Firms) start saving. This means that there is less private investment expenditure in the economy, therefore bringing along with it less money in the economy invested into capital. This means there will be less job opportunities in the economy, hence unemployment can rise, and therefore income will fall... therefore there will not be much spending, and this means demand for goods and services will fall, which decrease the amount of demand in the economy, and increases the amount of supply!!! Edit: The above answer is fairly misleading in my opinion. The statement that interest rate is the price of credit is correct. This means that we can consider saving as "credit supply" and borrowing as the "credit demand". If interest rates were allowed to self regulate then, through the price mechanism, interest rates would provide information to borrowers and investors and supply and demand would vary as required according to changing economic conditions. In this hypothetical situation price (interest rate) acts as a mechanism that guides the allocation of resources (in this case credit) as required by the economy.In reality though the government fixes the interest rate. This is a form of price fixing and as such it conveys misleading information to buyers (borrowers) and sellers (investors). Setting artificially low interest rates encourages borrowing and discourages saving, thus setting up a misallocation of resources and encouraging risky economic behaviour, e.g. expanding speculative projects at a time when doing so is not favourable. In addition it rapidly exhausts the supply of real credit and so encourages borrowing and inflation.Setting artificially high interest rates has the opposite effect- borrowers find it difficult to obtain credit while saving and investing is artificially stimulated. In this case business expansion is discouraged when it is required by the prevailing economic conditions.
What was Adam Smith's theory of value?
Smith believed that the word value has two different meanings, and sometimes expresses the utility of some particular object, and sometimes the power of purchasing other goods which the possession of that object conveys. The one may be called "value in use"; the other, "value in exchange." The things which have the greatest value in use have frequently little or no value in exchange; and on the contrary, those which have the greatest value in exchange have frequently little or no value in use. Nothing is more useful than water: but it will purchase scarce any thing; scarce any thing can be had in exchange for it. A diamond, on the contrary, has scarce any value in use; but a very great quantity of other goods may frequently be had in exchange for it. Because Smith was somewhat confused about the factors determining relative prices, he developed three separate theories relating to them. (1) a labor cost theory of value, (2) a labor command theory of value, and (3) a cost of production theory of value. He postulated two distinct states of the economy: the early and rude state, or primitive society, which is defined as an economy in which capital has not been accumulated and land is not appropriated; and an advanced economy, in which capital and land are no longer free goods (they have a price greater than zero).
How is agriculture the backbone of Indian agriculture?
1. India is mainly an agricultural country. the net sown area in India is about 51%. nearly two - third of India's population in engaged in agriculture. 2. Agriculture is the mainstay of the Indian economy. 3. Agriculture provides food to the teeming millions in India. It sustains 2/3 of our population. 4. It provides raw materials to the agro - based industries. 5. Agriculture along with forests and fisheries forms 45% of our total national income.
What component of a market system conveys information about what is relatively scarce and what is relatively abundant?
supply and demand
What conveys meaning and is useful to people?
information
Conveys meaning and is useful to one or more people?
Information
Hardware components that convey information to people?
Output Device is a type of hardware component that conveys information to one or more people. Visual Display Unit (VDU) = Monitor Printer. Sound output, speakers.
What conveys meaning and is useful to one or more people?
Language conveys meaning and is useful to communicate ideas between individuals or groups. It allows for the sharing of information, emotions, and thoughts, fostering understanding and connection among people.
Is an output device that visually conveys text graphics and video information?
Display Screen
A device that conveys information with analog signals and digital signals is called?
An Electronic Device
Should a predicate include a verb?
Yes, a predicate in a sentence typically includes a verb that describes the action or state of the subject. It is an essential component of a sentence that conveys information about what the subject is doing or experiencing.
What is a salient components of mass communication process?
One salient component of the mass communication process is the message itself, which conveys information to a large audience through various channels. Another important component is the medium of communication, such as television, radio, or social media, through which the message is transmitted. Additionally, the audience plays a critical role in the process, as they receive, interpret, and respond to the message.
Is computer output that conveys meaning and is useful to people?
information. coveys meaning and is useful to people
Which characteristics of James Baldwin's Notes of a Native Son qualify it as a work of literary nonfiction?
It conveys Real information but uses elements from fiction (apex 2021)
What is a written message?
A written message is the depiction of characters on a surface that conveys some sort of message or other information.
