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The main reason is the international exchange of goods which is not always well managed. The other reason is the global waste of everything that could be saved and/or adequately used. Wars, too much expenditures on space exploration, and too much expenditures on military issues, leaving the health issues aside.
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What is the relationship between demand for money and interest rates?
as interest rates increase, demand for money increases.
What happens to money demand when there is an increase in interest rates?
money demand will decrease
If a is an inferior good and consumer income risesthe demand for a will?
Inferior goodA good for which an INCREASE(decrease) in consumer income will lead to a DECREASE(increase) in demand for that good.Normal GoodA good for which an INCREASE(decrease) in consumer income will lead to a INCREASE(decrease) in demand for that good.
If economy enters in boom period is demand for money increase or decrease?
increase
What is an increase in demand likely to lead to?
If there is an increase in demand, there will be increase in the price of the product if the supply remains the same. But if the manufacturer or supplier is able to supply increased quantity of product there will be no major effect.
What is the relationship between demand for money and interest rates?
as interest rates increase, demand for money increases.
What happens to money demand when there is an increase in interest rates?
money demand will decrease
If a is an inferior good and consumer income risesthe demand for a will?
Inferior goodA good for which an INCREASE(decrease) in consumer income will lead to a DECREASE(increase) in demand for that good.Normal GoodA good for which an INCREASE(decrease) in consumer income will lead to a INCREASE(decrease) in demand for that good.
How the increase in expansion affect the demand?
Increase in expansion affect the demand because more supply/expansion with constant demand will lead to excess in expansion which affect the demand.
If economy enters in boom period is demand for money increase or decrease?
increase
What is an increase in demand likely to lead to?
If there is an increase in demand, there will be increase in the price of the product if the supply remains the same. But if the manufacturer or supplier is able to supply increased quantity of product there will be no major effect.
What happens when theres an increase in demand follwed by an increase in supply?
Someone makes money
In a perfectly competitive market an increase in demand will in the long run generally cause?
An increase in demand in a perfectly competitive market will lead to an increase in revenue for the business. The more they sell the more they will make.
Aggregate supply curve is perfectly inelastic an increase in agregate demand will lead to?
Inflation.
Why do fads often lead to shortages?
Due to the sudden increase in demand for a product, which often causes a shortage of the product to meet the demand.
What lead to increase crop production?
to get more money
How may changes in prices affect the demand for a good?
Price and demand of a good have inverse relationship. An increase in the prices of a good will lead to fall in the demand of a good and viceversa.
