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when because of situation like accident, recession, inflation, and due to negligence act of some one an economical smooth going activity gets affected and instead of generating income start spending more is called economical loss. when an asset losses its value due to aging i.e. depreciation which can not be renewed is also economical loss. when price of share start going down than the purchase price due to bearish market players is also economical loss. when due to inflation purchasing value of money goes down and makes living costlier is also economical loss. when a producer did not recover the production cost and fix costs also is also economical loss . when due to natural calamities assets as well as human beings were destroyed that is also one kind of economical as well as human resource loss . when due to wrong time management economical activities get affected and damage also that is also a loss.
Rahul.c.kulkarni..
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∙ 12y ago
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Does an increase of economic surplus in a market always mean that economic efficiency has increased?
No. If marginal cost of production decreases but market output stays the same, economic surplus and deadweight loss both increase, causing economic efficiency to decrease.
Is economic systems based on profit and loss?
The economic systems is based on profit and loss since they reflect the values of the economy in place.
What is the basis of Economic Systems?
Demand and loss
The economic effects on Irish civil war?
loss of natural resources.
The effects of mining?
it destroys forests and wetlands it may mean that you have to cut down trees just to get to the spot that has ll the gold or iron ore. the subsidence can mean economic loss to people above or damage to natural areas
Does an increase of economic surplus in a market always mean that economic efficiency has increased?
No. If marginal cost of production decreases but market output stays the same, economic surplus and deadweight loss both increase, causing economic efficiency to decrease.
Is economic systems based on profit and loss?
The economic systems is based on profit and loss since they reflect the values of the economy in place.
What is the basis of Economic Systems?
Demand and loss
Fundamental principles of insurance?
Actual loss compensation principle of Economic InterestPrinciple of utmost good faithActual loss compensation principle of Economic InterestPrinciple of utmost good faith
What natural disasters cause the greatest economic loss?
Earthquake
Is risk of loss through an economic depression insurable?
no its uninsurable
What is the Greatest insured loss from natural disaster?
At the date of loss, Hurricane Katrina, between $55-65bn. The economic loss is potentially above $100bn.
What are some economic losses of wildfires?
you can loss your propertys and others thing
The economic effects on Irish civil war?
loss of natural resources.
The effects of mining?
it destroys forests and wetlands it may mean that you have to cut down trees just to get to the spot that has ll the gold or iron ore. the subsidence can mean economic loss to people above or damage to natural areas
What does economic ventures mean?
a venture for economic thigs
What effect does increasing economic interdependence have on the countries of the worl?
A loss of comparative advantage.......
