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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.
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How do personal choices factor into the economic decision?
Personal preferences determine demand amongst economic agents.
What factor had the greatest influence on elasticity and in elasticity of supply?
Demand from consumers.
What are the 6 determinants of economic growth?
1 demand factor, 4 supply factors, and 1 efficiency factor.
What is a primary factor that determines how much economic value somthing has?
Supply and demand. The higher the demand and the lower the supply, the higher the value.
Which factor did not lead to economic growth in the 1950s?
One factor that did not lead to economic growth in the 1950s was the decline in agricultural employment. As industrialization advanced and urbanization increased, many workers moved from farms to cities, which, while contributing to industrial growth, also resulted in a reduction in rural economic activity. Additionally, the focus on manufacturing and consumer goods overshadowed the agricultural sector, limiting its contributions to overall economic expansion during that decade.
What factor has the greatest influence on elasticity?
Demand...
What factor influence a region photosynthetic productivity?
The main factor influencing production is consumer demand.
How do personal choices factor into the economic decision?
Personal preferences determine demand amongst economic agents.
What factor had the greatest influence on elasticity and in elasticity of supply?
Demand from consumers.
What are the 6 determinants of economic growth?
1 demand factor, 4 supply factors, and 1 efficiency factor.
What is a primary factor that determines how much economic value somthing has?
Supply and demand. The higher the demand and the lower the supply, the higher the value.
How did the overexpansion of agricultural production cause depression?
The overexpansion of agricultural production led to a surplus of crops, causing prices to plummet as supply outstripped demand. Farmers, facing declining income, struggled to pay off debts and maintain their operations, which resulted in widespread economic distress in rural areas. This agricultural depression contributed to broader economic downturns, as reduced purchasing power among farmers affected related industries and overall consumer spending. Consequently, the agricultural sector's struggles became a significant factor in triggering larger economic depressions.
Which factor influence buyer's behavior?
Everything. Personal Preferences., Displays, Supply and Demand, Everything
Which factor did not lead to economic growth in the 1950s?
One factor that did not lead to economic growth in the 1950s was the decline in agricultural employment. As industrialization advanced and urbanization increased, many workers moved from farms to cities, which, while contributing to industrial growth, also resulted in a reduction in rural economic activity. Additionally, the focus on manufacturing and consumer goods overshadowed the agricultural sector, limiting its contributions to overall economic expansion during that decade.
What is the economical factor?
The economic factor refers to various elements that influence the economy of a region or country, including supply and demand, production costs, consumer behavior, and government policies. It encompasses aspects like inflation rates, unemployment levels, interest rates, and overall economic growth. These factors collectively impact business operations, investment decisions, and consumer spending, ultimately shaping the economic landscape. Understanding these elements is crucial for making informed economic policies and business strategies.
What is the effect of demand factor on cost of generation?
The demand factor, which measures the ratio of actual electrical demand to the maximum possible demand over a specific period, directly impacts the cost of generation. Higher demand factors typically indicate more consistent usage, allowing for more efficient generation and reduced costs per unit due to economies of scale. Conversely, low demand factors can lead to inefficiencies, as power plants may need to maintain capacity for peak loads, increasing overall generation costs. Consequently, managing demand effectively can significantly influence the economic viability of energy production.
What was the main factor that lead to shays rebellion?
The main factor that led to Shays' Rebellion was the economic hardship faced by farmers in Massachusetts after the Revolutionary War. Many were deeply in debt and facing high taxes, which they could not afford due to falling agricultural prices. The government's inability to address their grievances and provide relief fueled frustrations, culminating in the armed uprising in 1786-1787, where they sought to protest economic injustices and demand reforms.
