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Market Consumption Capacity is basically the income of the middle class. (The percentage share of the middle class in consumption/income)
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∙ 12y ago
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What is a market surplus?
total production - self consumption = market surplus
What economic system in which decision on production and consumption of goods and services are based on voluntary exchange in market?
The Market
What is the income consumption curve?
Income Consumption curve (icc) is a curve which determine the consumption of a consumer base on in his/her income When Income is High, Spending Capacity increases, higher the spending capacity - more the demand. Thus converse to the original demand theory which says, PRICE determines Demand, ICC theory says, INCOME of a PERSON determines the Demand for a Product
What is the difference between market and non market activities?
market activities involve remuneration to any one wo performs ie activity performed for pay or profit non market for self consumption
How do externalities cause market failure?
Externalities can cause market failure if the full social costs and social benefits of production and consumption are not taken into account.
What is a market surplus?
total production - self consumption = market surplus
What does to expand consumption mean?
To expand consumption would be to increase the consumption by gaining more consumers of a service or product in the current market region or to increase the consumption in other regions.
What is the internal combustion engine's fuel consumption?
is generally proportional to engine capacity
What economic system in which decision on production and consumption of goods and services are based on voluntary exchange in market?
The Market
Which is the largest gold market of the world?
I am guessing India is the world's biggest gold market based on consumption.
What was the U.S market wood pulp capacity in 2000?
By the end of the 1990s total U.S. market wood pulp capacity was 10.37 million tons
What is daily fuel consumption for mobile crane in lifting capacity of 70 ton?
100
What are consumption figures of bottled water?
Since 1980, the U.S. bottled water market has grown to nearly 3 billion gallons in annual consumption
Under which market condition do firms have excess capacity?
duopoly
What is the income consumption curve?
Income Consumption curve (icc) is a curve which determine the consumption of a consumer base on in his/her income When Income is High, Spending Capacity increases, higher the spending capacity - more the demand. Thus converse to the original demand theory which says, PRICE determines Demand, ICC theory says, INCOME of a PERSON determines the Demand for a Product
What is the difference between market and non market activities?
market activities involve remuneration to any one wo performs ie activity performed for pay or profit non market for self consumption
Differences between labor market and goods market?
labour market- this deals with the labour resources such as hiring, firing or anything to do with labour of households.goods market- this deals with goods and services, consumption spending, imports and exports.
