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What is the difference between the extensive margin and intensive margin in economics, and how do they impact overall market dynamics?
The extensive margin in economics refers to the quantity of goods or services produced or consumed, while the intensive margin refers to the quality or characteristics of those goods or services. The extensive margin impacts market size and overall production levels, while the intensive margin affects product differentiation and consumer preferences. Both margins play a role in shaping market dynamics by influencing supply, demand, pricing, and competition.
The differentiate between the economics and accounting?
There is a huge difference between the 2. Accounting is the process of managing money while making analytical decisions about money. Economics is the study of incentives i.e. how and why things are produced and to whom it is produced
What is the difference between MSc Economics and MA Economics?
what is difference between msc economics and ma economics
What is the Difference between economics and manegrial economics?
difference between economics and managerial economics
Differentiate between New Classical and New Keynesian economics school of thoughts?
the classical believe the economy is best left to itself whereas the keynesian argued that government intervention could improve economic performance
What is the difference between the extensive margin and intensive margin in economics, and how do they impact overall market dynamics?
The extensive margin in economics refers to the quantity of goods or services produced or consumed, while the intensive margin refers to the quality or characteristics of those goods or services. The extensive margin impacts market size and overall production levels, while the intensive margin affects product differentiation and consumer preferences. Both margins play a role in shaping market dynamics by influencing supply, demand, pricing, and competition.
What is the difference between intensive and extensive properties?
The different between intensive properties and extensive properties is that one is depend on the amount of matter present and one is do not depend on the amount of matter of present.
What between an extensive and an intensive property?
Intensive properties do not depend on the matter's amount of the physical system (mass density, temperature ...). Extensive properties do depend on the amount of matter that is present (volume, mass and size).
What is the meaning of differentiate?
It means to explain the differences between one thing and another thing. For example: Can you differentiate "power" and "force"? Or, can you differentiate "history" and "myth"?
What is the difference between extensive and intensive agriculture?
Intensive agriculture: great production to hectare, efficience, use of fertilizers and pesticides, irrigation, mechanization, application of agricultural sciences, etc. Extensive agriculture: low production to hectare, inefficience, primitive work, etc.
Is surface tension an intensive or extensive property?
Surface tension is an intensive property because it does not depend on the amount of the substance present. It is a measure of the strength of the forces between molecules at the surface of a liquid.
The differentiate between the economics and accounting?
There is a huge difference between the 2. Accounting is the process of managing money while making analytical decisions about money. Economics is the study of incentives i.e. how and why things are produced and to whom it is produced
What is the differentiate between labor and capital intensive technology?
By way of an example: Digging holes can be labor or capital intensive. You can use 1000 workers with cheap shovels (labor intensive) or 1 worker with an expensive "steam shovel" (capital intensive). Some things cannot be done either way like picking strawberries (labor intensive) or manufacturing microcircuits (capital intensive).
Differentiate between economics and economic geography how much should I feed my dog?
at least two times or three times a day
Difference between intensive and extensive?
In thermodynamics, intensive quantities do not depend on the size of the system. For example temperature and density are size-independent, intensive quantities.Extensive quantities, on the other hand, are proportional to the size of the system: volume is an obvious one, internal energy and entropy are others.A quick mental test is this: if I were to double the system's size by joining it to a duplicate of itself, would the relevant quantity remain the same or double? If it stays the same it is intensive, otherwise it is extensive.
What is the difference between an extensive and intensive survey?
An extensive survey involves collecting data from a large and diverse sample population, providing a broad understanding of a topic. In contrast, an intensive survey focuses on collecting in-depth information from a smaller, more targeted sample, offering detailed insights into specific aspects of the topic.
What are the differences between intensive farming and free range farming?
Extensive farming is done on large scale (For eg-in Argentina's Estancias) n intensive farming is done on a small scale in places like Ganga-Bharmputra basin....
