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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.
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 has the author Werner Smolny written?
Werner Smolny has written: 'Endogenous Innovations and Knowledge Spillovers' 'Dynamic factor demand in a rationing context' -- subject(s): Mathematical models, Macroeconomics, Econometric models, Demand functions (Economic theory), Equilibrium (Economics), Economic conditions
The efficiency factor of economic growth is?
The efficiency factor is the sixth ingredient of economic growth. It is used to reach its full production potential, an economy must achieve economic efficiency as well as full employment. The economy must use its resources in the least costly way (productive efficiency) to produce the specific mix of goods and services that maximizes people's well-being (allocative efficiency). The supply, demand, and efficiency factors in economic growth are related. Unemployment caused by insufficient total spending (demand factor) may lower the rate of new capital accumulation (supply factor) and delay expenditures on research (supply factor). Conversely, low spending on investment (supply factor) may cause insufficient spending (demand factor) and unemployment. Widespread inefficiency in the use of resources (efficiency factor) may translate into higher costs of goods and services and thus lower profits, which in turn may slow down innovation and reduce the accumulation of capital (supply factor). Economic growth is a dynamic process which the supply, demand and efficiency factors all interact. Definition- Efficiency Factor - is the capacity of an economy to combine resources effectively to achieve growth of real output that the supply factors of growth make possible
What determines the Competitive intensity in industry?
Demand and the number of competitors in an industry influence the competitive nature of a business. Another factor to competition is profit margins.
