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Q: What are the various factors which gives rise to development of firms?
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How equilibrium income in a closed economy is determined?

There is equilibrium in a closed economy (that which doesn't encourage in international trade), when there is the circular flow of income between House-holds & firms, where the house-holds own the factors of production, which is given to firms, which in return gives factors of income for their services. the firm uses fatcors of production to produce goods & services, whereas house-holds consume goods & services using factors of production. Here NI=NO=NE.


What is an monopolistic?

Monopolistic competition is a market situation that is different from both perfect competition (PC) and monopoly. The theory of monopolistic competition was first developed by Chamberlin. In monopolistic competition the firms sell differentiated yet highly substitutable products, whereas in PC, the firms engage in production of homogeneous products. This product differentiation gives the firms a bit of monopoly power in pricing and they face slightly downward sloping demand curve as compared to the horizontal demand curve of PC. However, the free entry and exit of firms ensures that these firms have limited monopoly and no super normal profits arise in the long-run.


What is the role of entrepreneurship in economic development?

entrepreneuship allows the economy to grow because it gives people more jobs, creates new inventions and ideas, national income, better standard of living, regional development ...


What is an economic or commercial map?

An economic or commercial map is a map that gives the economic development and production of each area. An economic map can be of any size range, from continents to towns.


How is gender related development index is different from human development index?

Human Development Index: HDIHDI is a composite index which measures the degree to which basic human capabilities have been extended on average, with the three principal criteria of "healthy lifestyle allowing longevity," "knowledge" and "average living standard." Specific factors from which HDI is calculated include average life expectancy, education levels (adult literacy rates and school attendance) and GNP.HDI gives a median value for the entire population of a given nation, and does not reflect unequal opportunity distribution across different social groups.Gender-Related* Development Index: GDIWhile GDI is similar to HDI in that it represents the degree to which basic capabilities have been extended, GDI focuses on the inequality factor reflected in men's and women's respective levels.Like HDI, GDI is also based on average life expectancy, education levels and GNP, deducting, however, disparities between men and women as a penalty. GDI could therefore be defined as HDI adjusted for gender inequality. *The term "gender" distinguishes the sexes on a social and cultural basis, as opposed to "sex," which is based on biological factors.

Related questions

Where can one find out about maritime law firms?

Depending on what country you need a maritime law firm for, it's worth going on The Legal 500 website which gives information about maritime law firms in various countries.


How equilibrium income in a closed economy is determined?

There is equilibrium in a closed economy (that which doesn't encourage in international trade), when there is the circular flow of income between House-holds & firms, where the house-holds own the factors of production, which is given to firms, which in return gives factors of income for their services. the firm uses fatcors of production to produce goods & services, whereas house-holds consume goods & services using factors of production. Here NI=NO=NE.


What is democratic corporatism?

Democratic Corporatism is where a government gives public dollars to private bankers, insurance and drug firms, in the hope that such largesse will compel those firms to change.


Describe the role of psychology in curriculum development?

Psychology attempts to describe, explain and predict human behaviour. Psychology gives us an insight into the child's development and learning and provides various techniques of inquiry for use in the curriculum area.


Which gives the prime factors of 84?

The prime factors of 84 are: 2, 3 and 7.


What are the subsidiaries of Softrate?

Curiouswings is an E-learning platform that gives insights on various topics that can be useful for skill development. Another subsidiary is Deepdrones. Deep drones is an Aerospace company that makes dynamic and multipurpose drones.


What are the factors that gives rise to us being individuals?

Genetic and environmental factors shape us as individuals.


How to read international mover invoice?

Various company gives this invoice in various way such as http://www.baileysworldwide.com


What is the benefit to compare brokerage firms?

Comparing brokerage firms gives one the opportunity to find a firm that offers the trade types that he is interested in. Also, each firm has different minimum commissions and balances. Finding brokers who are competent is also important.


Who Coordinates banking regulations in various countries?

Bank for international settlements - coordinates banking regulations in various countries International monetary fund - gives advice and technical assistance World bank - provides development loans World trade organization - provides a forum for negotiating multilateral trade agreements Apex~


How do the physical factors affect development?

Well nourished individuals can be physically healthy with in turn gives the person energy and stamina to complete everyday activities with ease. This leads to improvement in their ability or chance to develop to their full potential and lead productive and creative lives in accord with their needs and interests thus improving their human development.


How does lifestyle and community affect city development?

It gives more people jobs