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What happens to the sales of goods when the economy goes down?
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What happens to the equilibrium price when supply goes down?
When supply goes down the equilibrium price tend also to fallcausing the price of commodities to fall and hence shortage of goods and services to the economy.
What happens when price goes down?
Well, the economy screws up
What is a custom based economy?
In a custom based economy, goods are produced traditionally. The method of production is passed down from parent to children and rarely changes.
What is the definition of current slide?
When using the term of the question, that being "current slide" it can be used accurately in several ways. Basically it means "down turn". So if the topic is the economy and the economy is experiencing trouble by a loss of growth, or in fact there is negative growth, the economy is in a down slide. When speaking about an industry in the economy, for example automobile sales, then it can be said that the car industry is in a down slide.
How will the economy decide who gets the goods?
Usually, the price system does this rationing in a market economy.People who are willing to pay more plunk down their money and they get the scarce goods. People who aren't willing to pay the market price don't get the goods.
What happens to the equilibrium price when supply goes down?
When supply goes down the equilibrium price tend also to fallcausing the price of commodities to fall and hence shortage of goods and services to the economy.
What happens when price goes down?
Well, the economy screws up
What is a custom based economy?
In a custom based economy, goods are produced traditionally. The method of production is passed down from parent to children and rarely changes.
What is installment sales fiinance?
Installment sales are sales of goods under a definite schedule of payments, which involve a specified cash outlay as a down payment with the balance payable in agreed upon periodic installments
What is installment sales finance?
Installment sales are sales of goods under a definite schedule of payments, which involve a specified cash outlay as a down payment with the balance payable in agreed upon periodic installments
How will the economy decide who gets the goods?
Usually, the price system does this rationing in a market economy.People who are willing to pay more plunk down their money and they get the scarce goods. People who aren't willing to pay the market price don't get the goods.
What is the definition of current slide?
When using the term of the question, that being "current slide" it can be used accurately in several ways. Basically it means "down turn". So if the topic is the economy and the economy is experiencing trouble by a loss of growth, or in fact there is negative growth, the economy is in a down slide. When speaking about an industry in the economy, for example automobile sales, then it can be said that the car industry is in a down slide.
Which has a higher rate of sales - new or used homes?
Used home has a higher rate of sales because now days the economy is down and people are less likely to afford for a new home.
How are jobs being affected by the economy?
super cool Daniel powers Companies are being forced to lay off employees due to the fact that sales go down. When sales go down, income goes down and the company has to get rid of employees to avoid paying salaries. Companies are being forced to lay off employees due to the fact that sales go down. When sales go down, income goes down and the company has to get rid of employees to avoid paying salaries.
How much is sales tax in down town Chicago?
Chicago, IL sales tax was 9.5% at the time of this post (on all non-perishable goods). 'Sources and related links' below has the latest rate.
Did jobs start decreasing when the economy went down?
Yes. Generally people started spending less and delaying purchases. That affects retail sales and manufacturing.
Advantages and disadvantages of retailing?
The advantages of a retailer is that they have many different products available to the consumer. Retailers help the economy by providing jobs and products. Disadvantages is the overhead they spend and the slowing of economy. Also the increase of internet sales slows down the retailers sales.
