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Economics

Economics is the study of production, distribution and consumption of goods and services whether in a city, country or a single business. Questions about supply and demand and economic theory are welcome here.

500 Questions

What is phenomenological approach?

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Asked by Wiki User

it is a study which extracts lived experiences of the co-researcher that gives insights of the realities of life.

Write short note on experimental reserach design?

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Asked by Wiki User

Experimental research design involves manipulating one or more variables in a controlled setting to observe the effect on the dependent variable. It allows researchers to establish cause-and-effect relationships by controlling for potential confounding variables. This design is characterized by random assignment of participants to different conditions and the use of control groups to minimize bias and increase the internal validity of the study.

Why is it imortant to make an importat decision alone?

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Asked by Wiki User

Making an important decision alone allows you to truly consider your own thoughts and feelings without external influence. It helps you take ownership of the decision and build confidence in your ability to make choices. Additionally, being responsible for your decisions can lead to personal growth and self-awareness.

Is it better take MPC or BiPC?

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Asked by Wiki User

The choice between MPC and BiPC depends on your interests and career goals. If you are more inclined towards mathematical and analytical subjects, MPC may be suitable for you. On the other hand, if you are interested in biology and related fields, BiPC would be a better choice. It's essential to align your academic path with your strengths and aspirations.

What is the meaning of psychological essence?

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Asked by Wiki User

Psychological essence refers to the underlying traits, characteristics, or core identity of an individual that shape their psychological makeup and behaviors. It represents the fundamental qualities that define a person's personality and contribute to their unique sense of self.

What is the Definition of theological materialism?

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Asked by Wiki User

Theological materialism is a philosophical perspective that posits that the divine or spiritual realities are fundamentally rooted in material existence. It suggests that spiritual growth and understanding are linked to material conditions and that the material world is the foundation for all spiritual beliefs and experiences.

What do psychologists mean by motivation?

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Asked by Wiki User

Psychologists define motivation as the process that initiates, guides, and maintains goal-oriented behaviors. It involves factors such as needs, drives, and goals that energize and direct individuals towards achieving certain outcomes. Motivation is crucial for understanding why individuals choose to act in certain ways and persist in the face of obstacles.

What is opportunity sampling?

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Asked by Wiki User

Opportunity sampling is a type of non-probability sampling technique where researchers select participants who are readily available and willing to participate in the study. This method is convenient but can introduce bias because the sample may not be representative of the entire population.

What is implicit policy?

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Asked by Wiki User

Implicit policy refers to the unwritten or unspoken rules, norms, or expectations within an organization that influence behavior and decision-making. These policies are not formally documented but are still influential in shaping company culture and operations.

Which utility when run at regular intervals is the most effective at protecting user data should there be a system failure?

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Asked by Wiki User

Regularly backing up data using a reliable data backup utility is the most effective way to protect user data in the event of a system failure. This ensures that important files and information are stored safely and can be easily restored if needed. It is recommended to use automated backup solutions to ensure data is consistently and securely backed up.

What is the spotlight effect?

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Asked by Wiki User

The spotlight effect is the tendency for individuals to believe that others are paying more attention to them than they actually are. This leads people to overestimate the extent to which their actions and appearance are noticed by others in social situations.

What are indicators of development?

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Asked by Wiki User

Indicators of development can include GDP per capita, life expectancy, literacy rates, access to healthcare and education, infrastructure development, and poverty rates. These indicators are used to assess the overall well-being and progress of a country in terms of economic, social, and human development.

Which social science is described here This discipline uses the scientific method more than any other social science.?

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Asked by Wiki User

Psychology is the social science that emphasizes the use of the scientific method more than any other. Its focus is on understanding individual behavior and mental processes through empirical research and experiments.

How many people live in poverty in Colorado?

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Asked by Wiki User

As of 2020, approximately 10.3% of the population in Colorado lived below the poverty line. This equates to about 564,996 individuals.

What percentage of Indian population is below poverty line?

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Asked by Wiki User

As of 2021, around 25% of the Indian population is estimated to be living below the national poverty line. This percentage may vary depending on the source and definition of poverty used in the calculation.

What percentage of all overall national corrections budget is spent on incarceration?

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Asked by Wiki User

On average, about 60-70% of the national corrections budget in a given country is typically spent on incarceration expenses, such as operating prisons and jails. The remaining budget is allocated towards community corrections programs, parole, rehabilitation, and other aspects of the criminal justice system.

What is importance of sociology in economic development?

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Asked by Wiki User

Sociology plays a crucial role in economic development by examining how social factors such as culture, institutions, and social relationships influence economic processes. It helps identify social barriers to economic growth and development, and provides insights into how to address issues like income inequality, poverty, and access to resources for a more sustainable economic development. By understanding the social dynamics at play, policymakers and businesses can make more informed decisions to promote inclusive growth and development.

What are principal and interest on a loan?

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Asked by Wiki User

The principal is the initial amount borrowed in a loan. Interest is the cost charged by the lender for borrowing that principal amount. The total repayment amount on a loan typically includes both the principal and the interest.

How do you calculate labor force participation rate when given people employed unemployment rate and labor force?

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Asked by Wiki User

To calculate the labor force participation rate, you need to divide the labor force by the total working-age population and multiply the result by 100. The labor force includes both employed and unemployed individuals actively seeking work. It does not include those who are not actively seeking work, such as students, retirees, or people who have given up looking for a job.

What is the relationship between poverty and the interaction in the Zambia Social Economic?

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Asked by Wiki User

Poverty in Zambia influences social and economic interactions by limiting access to basic resources and opportunities, exacerbating inequalities, and hindering social mobility. The cycle of poverty can trap individuals and communities in a cycle of deprivation, impacting their ability to participate fully in economic and social activities. Addressing poverty in Zambia requires comprehensive strategies that address underlying social and economic factors to create a more inclusive and equitable society.

Which states have the largest percentage of people below the poverty line?

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Asked by Wiki User

Mississippi, New Mexico, and Louisiana consistently have some of the highest percentages of people living below the poverty line compared to other states in the US.

What is the stage that follows a recession or depression?

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Asked by Wiki User

The stage that follows a recession or depression is a recovery period. During this stage, the economy starts to show signs of improvement as businesses begin to grow, consumer confidence increases, and overall economic activity picks up. This period is characterized by rising employment rates and an uptick in GDP.

How does law facilitate economic development?

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Asked by Wiki User

Law facilitates economic development by creating a stable and predictable environment for businesses to operate in. It provides a framework for enforcing contracts, protecting property rights, and resolving disputes through a legal system. Additionally, laws can promote competition, innovation, and investment, leading to overall economic growth.

Which countries on the balkans are poorest?

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Asked by Aquinosys

Some of the poorest countries in the Balkans region are Kosovo, North Macedonia, and Albania. These countries face challenges such as high unemployment rates, low GDP per capita, and limited economic development. However, it is important to note that the region as a whole has made progress in recent years towards improving their economic situations.

What is the need and importance of foreign aid for Nepal?

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Asked by Wiki User

Foreign aid is important for Nepal to support its development efforts, improve infrastructure, address poverty, and build capacity in key sectors such as healthcare and education. It provides crucial resources that the country may lack domestically, helping to stimulate economic growth and improve the overall well-being of its citizens. Additionally, foreign aid can also strengthen diplomatic ties between Nepal and donor countries, fostering international cooperation and support.