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Q: How does tides affect social and economic activities?
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How do tides affect livelihood?

because of the gravitational pull of the moon


How does tidal affect business and industry?

Red tides have some economic impacts. For example, tourism industry loses income when dead fish wash up on beaches. Shellfish businesses also loses income when shellfish beds are closed.


How do tides help trade and fishing?

Tides in water bodies like seas and oceans affect many aspects of the marine life and fishing.Tides move the water in and out of the water bodies. The fishermen pay high attention to the tides and plan their fishing according.When there is a high tide, the smaller fishes do not have control and get carried away by the current. The larger fish move towards these groups to feed on the smaller fish. This is advantageous to the fishermen as they get to catch many big and small fishes in these areas.Also, the tides help in distributing the eggs and the species to different areas in the water bodies and sometimes they are pushed towards land depending on the direction of the tides.The tides during the full moon and the new moon creates better fishing and trading conditions due to the presence of the spring tides.


Why there is energy crisis and how you can overcome energy crisis?

The energy crisis can be overcame by the following methods: 1) Increase the use of renewable energy sources such as sunlight, wind, tides etc. 2) Reduce the use of non-renewable energy sources such as petroleum, coal, natural gas etc. 3) Avoid the wastage of energy such as burning street lights at daytime, using car or bike for going to a walkable distance etc.


Differentiaite between normal and supernormal profit?

Profit is the reward for entrepreneurial function. Gross profits are the surplus revenue over and above explicit costs. Net profit is the excess of gross profit over explicit and implicit cost. Gross profit contains pure economic profit which arise unforeseen changes in our dynamic economy, causing risk and uncertainty for the entrepreneur, innovations introduced by the entrepreneur and monopoly power enjoyed by the entrepreneur. Thus Gross profits = Total revenue - Total explicit costs. Pure Profit = Gross profit - Implicit cost - Total revenue (Explicit cost + Implicit costs) - depreciation.Normal profits and Supernormal profits:-The distinction between normal profit and super normal profits play an important role in economic theory. Normal profit is the reward of entrepreneurial effort. Normal profits are define as the minimum income that an entrepreneur must earn in order, to induce him to remain in the current business or industry, if the entrepreneur does not get this basic minimum he will not production.This profit is a fixed amount which is included in the cost of production. Normal profit gets distributed over the large volume of output. Normal profit is thus an incentive to produce output.This profit arises due to the function of the entrepreneur at this profit no existing firms leave the industry nor any new enter the business. The firm or the producer neither expands nor contracts business at this normal profit. Normal profit accrues to a firm in the long period. This long period profit is more for less stable and almost remains constant Normal profit can be expressed in terms of transfer costs. The entrepreneur has certain factors and services of his own which he utilizes in his business. These factors like capital, land and managerially service would have earned him certain amount of remuneration if they had been utilized in other's business.Thus the reward of these factors like interest, wage and rent which never receives constitutes the transfer earnings or opportunity cost of the above self-owned factors. Thus the normal profits of an entrepreneur are the above opportunity cost of the self-owned factors. These transfer earnings must be earned by him if he is to stay in the current business or industry.Supernormal profits are the profits earned by the entrepreneur in excess of normal profits which form a part of the cost of production. Supernormal profit or otherwise called abnormal profit arises due to risks and uncertainty bearing in the business. It also arises because of monopoly advantage and chance factors. According to Hawley an entrepreneur earns abnormal profit because of risks in the business. Abnormal profit arises on account of non- insurable risks. Non insurable risks are not predictable. There risks can not be known beforehand.If the entrepreneur successfully tides over the risks involved in the business, he wills gane huge profit. This profit arises over the normal profit. Normal profit arises an account of insurable risks. According F.H Knight Profit arises because of the uncertainty conditions in the business. Production is carried on the basis of future anticipation. Goods are produced and sold in the market.There is a big gap between production and sale. Within this gap period many things change that may upset the anticipation. The demand may decline over night. Thus he may incur loss. But if his anticipation comes true, he will earn windfall profit.Abnormal profit arises because of the introduction of innovation. An entrepreneur earns constant windfall profit so long as the same innovation is not introduced by others. Abnormal profits disappear when the innovation is universalized. Chance factors also fetch abnormal profit. No amount of human effort is made to earn this abnormal profit. Abnormal profit arising out of chance factors is short-lived. On account of natural calamity agricultural production suffers. Supply falls short of demand. Prices of output rise there by giving rise to profit.Such calamity is temporary and happens frequently. Abnormal profit also arises due to the nature of market. Under monopoly abnormal profit emerges because of the entrepreneurs' exclusive power on the production. The entries of others are strictly prohibited.The monopolist increase. The price by reducing his output. The given rise huge profit. This profit is earned exclusively for monopoly advantage. This abnormal, profit is the profit that arises over and above the normal profit. Abnormal profits are earned without entrepreneurial effort.

Related questions

How do tides affect's peoples activities?

ako buday ! By: the lovers Dinzel! from john dinfer to:jezel a.


Do changing tides affect the phases of the moon?

No, the moon affects the tides, but the tides do not affect the moon.


How does wind surfing affect tides?

The sport of wind surfing does not affect tides.


How do tides affect people's activities?

If you live very near the ocean, then tides will affect depth of water in harbors, when fishing is better, how far out you can wade before the water is over your head, where you should moor your boat, etc. Deeper inland, tides have no literal effect on people's activities.


What causes the tides and how tides affect the earth?

The moon They dont


Does the Sun affect tides?

should do, doesn't that produce spring tides


How does pollution and humans affect tides?

human and pollutions do not effect the tides, the tides effect pollution okay


How does the position of the moon and the sun affect the tides?

Gravitational pull of the sun and the moon may affect the tides. If you notice carefully the tides will be high during a full moon day.


How does the sun affect your tides?

silly


How do tides affect turtles?

id


How the positions of the Earth moon and sun affect the tides?

Gravitational pull of the sun and the moon may affect the tides. If you notice carefully the tides will be high during a full moon day.


What forces affect tides?

Tides are caused by the gravitational forces on Earth from the Moon and the Sun.