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Explain why the law of demand can apply only in a free market?
Because the free market is the entity that in itself dictates the law of supply and demand. If the purchasing public has a high demand for a product, then more of that product is produced. Conversely, if there is only a low demand for a product, less of that product is produced.
What is public demand?
Public demand is the demand placed on something by the public. It may be a product, a new law, or almost anything, and is the level to which the public does or does not want something.
What is the definition of 'equity market'?
In relation to stock-exchange, an equity market refers to a public entity through which company shares (or stock) is bought and sold depending on the basic economic principle of supply and demand.
When does market failure occur?
Market failure occurs when the resource allocation decision is not made according to the laws of supply and demand as the allocation decisions are not in the best interests of a certain party. Eg. Public Goods such as roads, benches, parks etc. Is a market failure because these items are in high demand but no one is willing to supply them as no profit can be made from these goods.
What type of failure is an imperfection in the market mechanism that prevents optimal outcomes?
An imperfection in the market mechanism that prevents optimal outcomes is known as a "market failure." This occurs when the allocation of goods and services is not efficient, leading to a loss of economic welfare. Common causes of market failure include externalities, public goods, information asymmetries, and monopolies. These factors disrupt the ideal functioning of supply and demand, resulting in outcomes that do not reflect true societal costs or benefits.
Discuss two main factors that might influence the market price of a public listed company share?
market force and company's 'value'.
Explain why the law of demand can apply only in a free market?
Because the free market is the entity that in itself dictates the law of supply and demand. If the purchasing public has a high demand for a product, then more of that product is produced. Conversely, if there is only a low demand for a product, less of that product is produced.
What is public demand?
Public demand is the demand placed on something by the public. It may be a product, a new law, or almost anything, and is the level to which the public does or does not want something.
What is a public consumer?
A public consumer refers to individuals or groups who purchase goods and services for personal use rather than for business purposes. They play a crucial role in the economy by driving demand and influencing market trends. Public consumers can include anyone from everyday shoppers to government entities procuring services for public use. Their purchasing decisions are often influenced by factors such as price, quality, and social responsibility.
What is the definition of 'equity market'?
In relation to stock-exchange, an equity market refers to a public entity through which company shares (or stock) is bought and sold depending on the basic economic principle of supply and demand.
Does the media have an influence on the law?
Yes, the media can influence the law by shaping public opinion and putting pressure on policymakers. Media coverage can highlight issues, mobilize public support, and impact legislative decisions and court rulings. However, the extent of this influence can vary depending on factors such as the nature of the issue, public sentiment, and political dynamics.
What is a public market transaction?
A public market transaction is a transaction that is made in an organized market.
When does market failure occur?
Market failure occurs when the resource allocation decision is not made according to the laws of supply and demand as the allocation decisions are not in the best interests of a certain party. Eg. Public Goods such as roads, benches, parks etc. Is a market failure because these items are in high demand but no one is willing to supply them as no profit can be made from these goods.
What factors influence the public sector?
Public administration is the implementation of government policy for social works. Therefore, factors that influence public administration might include new social programs, such as the implementation of universal healthcare, or expansion of existing social programs, such as lowering the eligibility requirements for a welfare program.
What type of failure is an imperfection in the market mechanism that prevents optimal outcomes?
An imperfection in the market mechanism that prevents optimal outcomes is known as a "market failure." This occurs when the allocation of goods and services is not efficient, leading to a loss of economic welfare. Common causes of market failure include externalities, public goods, information asymmetries, and monopolies. These factors disrupt the ideal functioning of supply and demand, resulting in outcomes that do not reflect true societal costs or benefits.
What can decrease demand for peanut butter?
A decrease in demand for a product - including peanut butter, but for any food - can be caused by a surplus of product on the market, recalls or health problems that lower the public perception of the product, increase in food allergies against the product, or a newer/better product being introduced into the market.
Is there a large demand for accountants right now?
Yes, there is a significant demand for accountants currently. This demand is driven by factors such as the need for financial compliance, the increasing complexity of tax regulations, and businesses seeking financial expertise to navigate economic uncertainties. Additionally, the growth of industries and the ongoing need for accurate financial reporting contribute to a robust job market for accountants. Overall, the profession remains vital in both corporate and public sectors.
