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Outer loop.

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13y ago

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In economics while drawing PPC graph real flow is?

Inner loop.


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


Is economics the study of money true or false?

False. Economics is not solely the study of money; it is a broader social science that examines how individuals, businesses, and societies allocate scarce resources to satisfy their needs and wants. While money is an important aspect of economics, the discipline also explores topics such as production, consumption, and distribution of goods and services, as well as the behavior of markets and economic systems.


What is the relationship between the CS and PS graph in economics?

In economics, the relationship between the consumer surplus (CS) and producer surplus (PS) graph shows the benefits that consumers and producers receive from a transaction. Consumer surplus represents the difference between what consumers are willing to pay for a good or service and what they actually pay, while producer surplus represents the difference between the price producers receive and the minimum price they are willing to accept. The combined area of the CS and PS graph represents the total economic welfare generated by a transaction.


Macro economics and micro economics?

macro is a root for large, while micro is, of course, small

Related Questions

In economics while drawing PPC graph real flow is?

Inner loop.


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


How does alcohol effect our economics?

Alcohol affects economics because it is a huge industry. The production and sale of alcohol provides jobs, while causing alcohol users to lose money.


Is economics the study of money true or false?

False. Economics is not solely the study of money; it is a broader social science that examines how individuals, businesses, and societies allocate scarce resources to satisfy their needs and wants. While money is an important aspect of economics, the discipline also explores topics such as production, consumption, and distribution of goods and services, as well as the behavior of markets and economic systems.


What is the relationship of economics in biology?

biology is the best subject... while Economics is the worst.


What is the relationship between the CS and PS graph in economics?

In economics, the relationship between the consumer surplus (CS) and producer surplus (PS) graph shows the benefits that consumers and producers receive from a transaction. Consumer surplus represents the difference between what consumers are willing to pay for a good or service and what they actually pay, while producer surplus represents the difference between the price producers receive and the minimum price they are willing to accept. The combined area of the CS and PS graph represents the total economic welfare generated by a transaction.


Can you show me an iron condor graph?

An iron condor graph is a visual representation of a trading strategy that involves selling an out-of-the-money call and put option while also buying a further out-of-the-money call and put option. This creates a profit zone between the two options where the trader can make money. The graph typically shows the potential profit and loss at expiration based on different stock price levels.


What is the difference between a bar graph and a column graph?

A bar graph is used to compare and contrast while the column graph is used to count things


Macro economics and micro economics?

macro is a root for large, while micro is, of course, small


How can I prevent smudging while drawing?

To prevent smudging while drawing, you can use a fixative spray to set the drawing in place, work from top to bottom and left to right to avoid resting your hand on wet areas, and use a protective sheet or tissue under your hand while drawing.


Differentiate Technology and Home Economics from Home Economics Technology?

technology is the product of science while home economics refers on study on how to plan life.


What might a graph show that a data table does not?

The graph could go on forever while a data table only shows a part of the graph.