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2008 Economic Crisis
A sub-category dedicated to the economic crisis that has affected us all
810 Questions
Advantages of profit-oriented business?
Advantages of Profit oriented Business is that it can Help in Increasing our countries
Growth in a faster manner also it helps in increasing income of peoples working with
The Organisation it helps in increasing in purchasing power and consumption, it can
Help in increasing production and vise varsa
Kishor
What do you mean by consumption?
Consumption is a common concept in economics, and gives rise to derived concepts such as consumer debt. Generally, consumption is defined in part by comparison to production. But the precise definition can vary because different schools of economists define production quite differently. According to mainstream economists, only the final purchase of goods and services by individuals constitutes consumption, while other types of expenditure - in particular, fixed investment, intermediate consumption and government spending - are placed in separate categories. See consumer choice. Other economists define consumption much more broadly, as the aggregate of all economic activity that does not entail the design, production and marketing of goods and services (e.g. the selection, adoption, use, disposal and recycling of goods and services).
How can competition impact on a new business?
Competition can be a positive or negative thing for any new business. Positive wise.. it makes them known, and gets their name spread around. And on the other hand, negative.. if their competitor makes it bigger then they lose their customers.
Comment on two conditions which have to be met for a market economy to work efficiently?
I also not know
A movement along the production possibilities curve would imply that?
Society has chosen a different set of outputs.
Where can i find historical wheat future prices data?
The Chicago Board of Trade has the prices. Other sites, including tradingeconomics, show prices from the past thirty years or so.
The Term sub prime is usually used in the context of loans.
A prime customer is one who has a very good history and can repay the loan comfortably during the agreed tenure.
A subprime customer is one who does not have a good credit history and also does not have enough income to substantiate the loan payments monthly.
The loans granted to a subprime customer is termed as a subprime loan...
Disadvantages of diversification?
There are a number of disadvantages of diversification. Some of them include overuse of resources, it may affect level of production and so much more.
How can you write dates in anno domini system?
[day of the week],[month][number][st,nd,rd,th],[year] A.D. A.D. is, however, no longer the accepted term It is more acceptable to use C.E.
Isn't the current economic crisis the result of unbridled corporate greed?
== The combination of corporate greed and the willingness of the lawmakers to relax regulations that would have prevented some of the malpractice is to blame. It is almost (to me) like the moral compass went awry in both government and business. == It's actually larger than the corporations you usually think of. It's got to do with fiat currency, international banking, and the military industrial complex becoming stronger than the voters in the U.S. Since the U.S. has (had?) the strongest economy in the world, when it breaks down, the rest follow. The summary below is fair use of copyrighted material, for additional details on each point see the source linked below: 1. Of the 100 largest economies in the world, 51 are now global corporations; only 49 are countries.
2. The combined sales of the world's Top 200 corporations are far greater than a quarter of the world's economic activity.
3. The Top 200 corporations' combined sales are bigger than the combined economies of all countries minus the biggest 9; that is they surpass the combined economies of 182 countries.
4. The Top 200 have almost twice the economic clout of the poorest four-fifths of humanity.
5. The Top 200 have been net job destroyers in recent years. Their combined global employment is only 18.8 million, which is less than a third of one one-hundredth of one percent of the world's people.
6. Not only are the world's largest corporations cutting workers, their CEOs often benefit financially from the job cuts.
7. Japanese corporations have surpassed U.S. corporations in the ranking of the Top 200.
8. Over half of the sales of the Top 200 are in just 5 economic sectors; and corporate concentration in these sectors is high.
9. When General Motors trades with itself, is that free trade?: One-third of world trade is simply transactions among various units of the same corporation.
10. The Top 200 are creating a global economic apartheid, not a global village. The top eight telecommunications firms, for example, have been expanding global sales rapidly, yet over nine-tenths of humanity remains without phones.
How do you identify under and over absorption?
Over or Under Absorption
- Note that as long as planned level of activity and the actual level of activity is not the same there is always an Over or Under Absorption situation
- This is because overhead absorption rate is set at the start of the period based upon an expected level of production and that during the period, the level of output and or overheads will be different from the planned overheads and or output.
- OVER-absorption occurs when the total overhead recovered or absorbed is GREATER than the actual level of overheads for the period.
- UNDER-absorption occurs when the total overheads recovered or absorbed is LESS than the actual overheads incurred in the period.
Is the president going to change the gas prices?
Since when did the president control the gas prices? The President can't control the gas prices. The only way the gas prices will go down is when gas companies can buy the gas for less.
The engineering cost curve are derived with the help of engineering production function . The productionfunction specified the techniques of production, the embodiment of labor and capital etc. It means that each production method is divided into sub activities corresponding to the various physical and technical phases of production for the particular commodity. Engineering production method/function are characterised by a limited number of methods of production. The production iso-quants are kinked reflecting that the factor subsititutablity is limited. It means that the factor of production can be substituted is only possible at kinked of iso-quants.
Define Value chain of a company?
A company that develops a product or service that engenders a value chain by providing a platform for other companies is considered more likely to increase its market share than a company that tries to provide the entire value chain on its own.
a value chain is "a string of companies working together to satisfy market demands." The value chain typically consists of one or a few primary value (product or service) suppliers and many other suppliers that add on to the value that is ultimately presented to the buying public.
Microsoft and its Windows operating systems, the nucleus of the personal computer desktop for which much business software is developed, is often cited as a prime example of a company and product that drives a value chain. The businesses who buy personal computer software may spend far more on the add-on software than on the essential operating system that is the de facto standard for running the software. To the extent that companies standardize on Windows, Microsoft is said to control a value chain. This particular value chain was reported in a McKinsey study to be worth $383 billion in 1998. Although Microsoft's share of the value chain was reported to be only 4% of the total, that was still $15.3 billion.
What is the meaning of qualification attained?
The meaning of qualification attained means the course you have successfully completed by passing an examination. This is a common phrase in job applications.
Typhoon Haiyan in 2013 caused a scarcity of food and clean water in the Philippines. Electricity also became scarce in parts of the country.
Increasing marginal utility of goods?
Not possible. Law of Diminishing Marginal utility states that equal additions to a good provide smaller and smaller increases in utility, therefore marginal utility decreases.
Nature and scope of environmental economics?
Nature of Business Economics :
Traditional economic theory has developed along two lines; viz., normative and positive. Normative focuses on prescriptive statements, and help establish rules aimed at attaining the specified goals of business. Positive, on the other hand, focuses on description it aims at describing the manner in which the economic system operates without staffing how they should operate.
The emphasis in business economics is on normative theory. Business economic seeks to establish rules which help business firms attain their goals, which indeed is also the essence of the word normative. However, if the firms are to establish valid decision rules, they must thoroughly understand their environment. This requires the study of positive or descriptive theory. Thus, Business economics combines the essentials of the normative and positive economic theory, the emphasis being more on the former than the latter.
Scope of Business Economics :
As regards the scope of business economics, no uniformity of views exists among various authors. However, the following aspects are said to generally fall under business economics.
1. Demand Analysis and Forecasting
2. Cost and production Analysis.
3. Pricing Decisions, policies and practices.
4. Profit Management.
5. Capital Management.
What does 'sagging sales' mean?
If someone says "My sales are sagging" they mean one of these things:
1.That they are not selling as much as usual or before.
2. That sales are getting slower.
