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i dont know what does profit affect microeconomics
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∙ 12y ago
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The maximization of profit and the minimization of losses is the primary factor affecting the economic decision making of?
workers
What are the factors affecting supply in economics?
The supply of a commodity is the amount of commodity a producer is willing to put in the market at a given time at a given price. The factors affecting supply are- 1. Price of the commodity- More the price of the commodity, more the supply and less the price of the commodity, less the supply. 2. Price of factors of production (e.g. land, labour) - More prices of factors of production results in less profit for the producer, therefore reduced supply. 3.Price of related goods - If a producer sees more profit in another good, and if the producer is easily able to switch, it will start making the other good, thereby reducing the supply for the good in question. Eg: If a farmer is currently growing wheat and he calculates more profit in growing barley, next year he will plant barley, thereby reducing supply of wheat. 4. Technology- Better technology allows for more efficient use of factors of productions 5. Environmental: Weather/Natural Disasters 6. Subsidies: If government decides to subsidize a good, there will be more profit for producer. (Opposite of Tax) 7. Indirect Taxes: If the government increases the taxes that it takes from producers, there will be reduced profit therefore less supply.
Is profit making the primary goal of any business enterprise and why?
Yes, profit making is the primary goal of business. It is the reason businesses exist. If they don't make a profit, they will not survive.
If competitive industry Z is making substantial economic profit output will?
if competative industry z is making substantial economic profit, output will:
What is disinvestment of profit making?
When firms are making no or little profit, there is incentive to innovate/invest because they wish to increase profits in the future. When profit is already achieved, there is less incentive (disincentive) to do so.
Factors affecting profit?
factors affecting profit?
What are the factors affecting the cash management?
1. Profit 2. Interest or dividends
The maximization of profit and the minimization of losses is the primary factor affecting the economic decision making of?
workers
How can traditional hostilities affect business?
Traditional hostilities affect business by affecting the flow and availability of natural resources, affecting the stability of the local economy, and affecting the ability of any company to establish a presence, let alone making a profit.
What is the difference between profit making accounting and not for profit making accounting?
The difference between profit making accounting and not for profit making accounting is, that question should answer itself! 8^0
What is Profit-making companies?
A profit making organisation is an organisation which its priority is to make a profit rather than to help the community.
How do you increase Net Profit without affecting Gross Profit?
Net profit can be increased by income from non operating activities of business like dividend income or interest income etc.
What are the factors affecting supply in economics?
The supply of a commodity is the amount of commodity a producer is willing to put in the market at a given time at a given price. The factors affecting supply are- 1. Price of the commodity- More the price of the commodity, more the supply and less the price of the commodity, less the supply. 2. Price of factors of production (e.g. land, labour) - More prices of factors of production results in less profit for the producer, therefore reduced supply. 3.Price of related goods - If a producer sees more profit in another good, and if the producer is easily able to switch, it will start making the other good, thereby reducing the supply for the good in question. Eg: If a farmer is currently growing wheat and he calculates more profit in growing barley, next year he will plant barley, thereby reducing supply of wheat. 4. Technology- Better technology allows for more efficient use of factors of productions 5. Environmental: Weather/Natural Disasters 6. Subsidies: If government decides to subsidize a good, there will be more profit for producer. (Opposite of Tax) 7. Indirect Taxes: If the government increases the taxes that it takes from producers, there will be reduced profit therefore less supply.
What is profit oriented organization?
Non profit making organization is the type that does not deal with profit oriented
Can you differentiate between profit and non-profit making business?
any business u making money more than your expenses thas is profit otherwise loss
What is the meaning of close the Profit and Loss Summary account?
profit is when the company is making money and a loss is the company is not making money.
What is non profit oriented organization?
Non profit making organization is the type that does not deal with profit oriented
