answersLogoWhite

0

Macro economic factors globally influence supply and demand. These factors include climate and disasters resulting in skewed outcomes versus predictability in agriculture.

User Avatar

Wiki User

12y ago

What else can I help you with?

Continue Learning about Economics

How is the value of cryptocurrency determined and what factors influence its fluctuation in the market?

The value of cryptocurrency is determined by supply and demand in the market. Factors that influence its fluctuation include investor sentiment, regulatory developments, technological advancements, and macroeconomic trends.


How does global macro economic factors affect demand and supply of agricultural inputs?

Global macroeconomic factors, such as changes in GDP, inflation rates, and currency fluctuations, significantly influence the demand and supply of agricultural inputs. For instance, economic growth in developing countries can increase demand for fertilizers and machinery as farmers seek to enhance productivity. Conversely, inflation can raise input costs, potentially reducing supply and making inputs less accessible for farmers. Additionally, trade policies and global commodity prices can impact the availability and pricing of inputs, further affecting agricultural production.


How global macro economic factor influence demand and supply of agricultural inputs?

There are many economic factors that influence the demand and supply of agricultural inputs, although the main ones are, when price goes up demand goes down, when the price of one product rises this in turn increases demand for other products. The weather also plays a major part in this.


What factors influence the demand for goods with elastic demand?

Factors that influence the demand for goods with elastic demand include the availability of substitutes, the necessity of the good, and the proportion of income spent on the good.


Is the price of gasoline is microeconomic or macroeconomic?

The price of gasoline is primarily a microeconomic issue, as it relates to the supply and demand for gasoline in specific markets. Factors such as production costs, consumer preferences, and competition among suppliers influence local gasoline prices. However, it can also have macroeconomic implications, as changes in gasoline prices can affect overall inflation rates and economic activity.

Related Questions

How is the value of cryptocurrency determined and what factors influence its fluctuation in the market?

The value of cryptocurrency is determined by supply and demand in the market. Factors that influence its fluctuation include investor sentiment, regulatory developments, technological advancements, and macroeconomic trends.


How global macro economic factor influence demand and supply of agricultural inputs?

There are many economic factors that influence the demand and supply of agricultural inputs, although the main ones are, when price goes up demand goes down, when the price of one product rises this in turn increases demand for other products. The weather also plays a major part in this.


What factors influence the demand for goods with elastic demand?

Factors that influence the demand for goods with elastic demand include the availability of substitutes, the necessity of the good, and the proportion of income spent on the good.


Discuss the factors that are likely to influence the demand for desktop computers in Ghana?

Discuss the factors that are likely to influence the demand for desktop computers in GHANA?


What are the factors that can influence demand for land labor capital entrepreneur?

Supply, demand, price, and cost would be the factors.


Is the price of gasoline is microeconomic or macroeconomic?

The price of gasoline is primarily a microeconomic issue, as it relates to the supply and demand for gasoline in specific markets. Factors such as production costs, consumer preferences, and competition among suppliers influence local gasoline prices. However, it can also have macroeconomic implications, as changes in gasoline prices can affect overall inflation rates and economic activity.


Explain 5 factors that influence the demand of soap manufacturing in Ghana?

answer it


What factors influence supply others than price?

demand of the product


What Factors influence human resource demand in an organisation?

There are a number of factors that can influence human resource demand in an organisation. Some examples are expansion, change of specialisation of the organisation's team, restructuring, among others.


What factors influence the relationship between the total demand for output and the aggregate demand curve?

Several factors can influence the relationship between total demand for output and the aggregate demand curve. These factors include changes in consumer spending, investment levels, government spending, and net exports. Additionally, factors such as interest rates, inflation, and overall economic conditions can also impact the aggregate demand curve.


What factors influence the pricing strategy for products with elastic demand?

Factors that influence the pricing strategy for products with elastic demand include the availability of substitute products, consumer income levels, and the overall market competition.


What factors might influence the pricing in a Middle Eastern branch of Dairy Queen?

Demand could be the answer, so what factors could affect the demand to increase or decrease.