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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.
Total questions 75100
What is meant by the goal of maximization of shareholder wealth?
Never forget that the shareholders are the real owners of a business. Officers (CEO's, Presidents, CFO's and VP's) may control...
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What factors combined caused the Great Depression?
The Great Depression happened because people thought the banks were going under, and took their money out of them, in large...
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How was the French economy after World War 2?
After WW2 - The agricultural production in France had fallen of more than a third from 1938 to 1945, causing penury, resuppling...
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What are the effects of globalization on Indian industry?
indian industry has progressed a lot due to globalization.a lot of improvement have been seen in indian industry.
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What is the world's wealthiest country?
The world's wealthiest country is Liechtenstein. See related link below.
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What are the three levels of economics in Vermont?
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What determines the amount of money a country can print?
A countries central banking system generally decides what amount of money a country can print. Contrary to popular belief, gold...
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What countries have a mixed economy?
The definition of mixed economy remains somewhat subjective. Both the US and Cuba have been refered to as mixed economies as all...
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What countries have true free market economies?
Historically, a fully free market has never existed. Most "free market" economies are "mixed."
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What is the importance of strategic management towards the success of a business?
Strategic management used to play a different role in more predictable times after the Second Word War. Strategic plans of the...
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Give three examples of specialization and division of labor in what areas are you and your friends thinking of specialization what might be the perils of over specialization?
goksmile@yahoo.com send me the answar of this question
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What are five factors that influence demand?
The are a lot variables that drive demand for a product. I am not a marketeer so I do not claim to have the definitive answer....
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Managerial Economics serves as a link between traditional economics and the decision making sciences for business decision making Critically comment on the statement taking into account the real world?
Managerial economics deals with microeconomics in an industry for strategic decision making. It facilitates the transition from...
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How did money originate?
Ug gave his friend Org a pretty rock in exchange for a bite of Org's apple. Org later exchanged the rock for a bite of Iggy's...
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What can you do about tourists use of natural resources?
Countries have to legislate so that new tourist developments satisfy environmental safeguards. All development must be...
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What are the various uses for break-even analysis?
Such analysis allows the firm to determine at what level of operations it will break even (earn zero profit) and to explore the...
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How much of a salary hike do you need each year just to keep pace with inflation?
Generally, you need the same rate of increase or decrease in your salary as the inflation rate. If you make 10,000 and inflation...
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What are the disadvantages of mixed economy system?
The disadvantages of a mixed economy really depend on how "mixed" it is. For instance, if it is mixed more towards a free-market,...
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What was the theory of mercantilism?
Mercantilism was the economic philosophy underlying early European colonial policy. The object of mercantilism was to increase...
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Why was Vietnam divided into two countries?
The north was communist, the south was capitalist, which was determined by their supporter states, the USSR and the US after...
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What is political instability?
To my opinion, political instability is a situation where by a country is currently going through political turmoil. It may also...
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Difficulties faced by small scale industries in india?
Government interference, beaurocracy, corruption, ( baksheesh) to all and their brother, friend uncle et al. plz improve your...
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What are some economic problems confronting the Philippines?
unemployment issues
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How different is a market economy from centrally planned economy?
Central Planning: A centrally planned economy relies on a party in power to decide what resources should be allocated to various...
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Should Newspapers and book publishers convert to electronic publishing over paper publishing as their primary product?
NO! Only a fraction of the worlds people have access to computers or the energy needed to operate them. How would a deaf-mute...
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Great source for statistics and other information on US taxes and government spending and receipts?
Your question may have been linked and redirected here. The Tax Foundation is a super resource for accurate, unbiased information...
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What kind of market structure is the automotive industry?
There are many ways to describe the market structure of the automotive industry. Here are two: -One of heterogeneous buyers that...
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What are advantages and disadvantages of market economy?
There are many advantages to a free market economy. They range from the moral issues to the practical issues. We will deal mainly...
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What are the advantages of leaving the allocation of a country's resources to the price mechanism?
If relatively weak conditions are satisfied, then whatever allocation of resources results from the use of the price mechanism...
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Is open mining or closed mining more expensive?
Open-pit mining is generally less expensive in terms of exploration, development, equipment and operation. Typically, when a...
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What is the price of a loaf of bread in Australia?
In Sydney Australia during 2009 a loaf of bread costs between $1.00-$4.50 ---- It all depends on the type of bread. Woolworths...
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What is the difference between Accounting profit and Economic profit?
economic profit & accounting profit: Economists measure a firm's economic profit. Accountants measure the accounting...
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What currency was used in the 1700s?
This depends on the country. Most currencies, however, were based on gold and silver. In America, in the 13 colonies, tobacco...
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Why do some people believe that a mixed economic system solves basic economic problems?
It is because both the private sector and public sector have a say in answering the basic economic questions, thus there will be...
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What are some examples of the following types of product demand -- NEGATIVE NO LATENT FALLING IRREGULAR FULL OVERFULL?
Negative Demand: The marketer will need to focus on a very creative process to create the demand for the product/service. If the...
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Does Europe the USA or China have the largest economy?
1- Europe (remember Italy, French, UK and Germany are 4 world's power) 2- USA 3- China. 2006 GDP Figures from the CIA World...
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What are the uses and advantages of price mechanism?
Basically the price mechanism acts as "an invisible hand" or signaling mechanism. They play a key role in allocating resources...
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What is the marginal cost of capital?
Marginal or incremental cost of capital is cost of the additional capital raised in a given period
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What is the advantage of free market economy?
A market economy (also called a free market economy or a free enterprise economy) is an economic system in which the production...
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Show with examples that if the marginal product is always decreasing the average product is always above the marginal product?
Paper silver has been heavily shorted in the last few weeks. Low volume indicated by the 30& 60 day averages has not brought...
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What is ordinal approach to the theory of consumer behaviour?
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What is so gross about the national product?
Economics Answer: The Gross National Product in one definition is the sum of all final goods and services produces in an...
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How best to define economics?
According to Princeton University, Economics is the study of the production, distribution and consumption of goods and...
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What are possible advantages to a multinational corporation of entering a high potential and high growth economy?
Possible advantages of a multinarional corporation are: 1.Multinational Companies are able to sell far more than other type of...
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What does a psychologist do?
There are many different types of psychologists out there. The type that people are most familiar with is a clinical...
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When did the World Trade Organization start?
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How do economy's produce?
These questions are the basic economic questions to which all economies strive to answer. This is because there are a limited...
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What is difference between cross price elasticity demand and income elasticity demand?
Cross price elasticity of demand measures how much demand of one good, say x changes when the price of another good, say y...
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Long run average cost curve envelope various short run average cost curve?
of course that LRAC envelope various SRAC. of course that LRAC envelope various SRAC.
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What will be the long-term effects of the Baby Boom?
There are millions of Baby Boomers coming up hot and heavy. There are pros and cons ... PROS: Baby Boomers want things...
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How do you explain GNI per capita?
A measure of the wealth earned by nations through economic activites all around the world. Gross National Income comprises the...
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How do the average household income of the different countries compare?
In order to answer this question it is best to look at median household income. Median household income represents the...
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Who are Canada's top three trading partners?
Positive that the U.S. is one; Great Britain is probably another i am certain of all three 1 U.S 2 Japan 3 United Kingdom
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What is the economy in Iceland like?
its the least corrupted in the world {source Guinness World Records 2007)
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What is the malthusian theory on population?
According to malthusian theory of population population increase in geomatical ratio where as food supply increase in...
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How do tax cuts affect the economy?
Tax cuts improve the economy by giving the people more spending power and higher consumer confidence which leads to them spending...
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What is the Gross Domestic Product of Norway?
Norway is one of the world's most developed nations and is home to one of the most advanced economies in the world. The country's...
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What is the difference between financial accounting and management accounting?
Very briefly, the difference has to do with the needs of the user. Management accounting for is the internal users of an entity...
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How is the development of human settlement in Tanzania not sustainable because it has not combined socioeconomic development with environment conservation and protection?
The question suggests that socioeconomic development is being made at the expense of the (natural?) environment and that...
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What is the economy in Bulgaria like?
Bulgaria was somewhat hesitant in terms of embracing market reforms. The economy suffered greatly after the fall of communism...
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Who decides what goods services will be produced and sold in the US?
Mostly the American consumer. The US government also plays a large role in the nation's economy, constituting roughly 36% of GDP...
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Is there competition between the producers in Canada?
Yes, Canada is a mixed economy. Thus there is going to be some degree of competition among "producers."
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What does 'macroeconomics' mean?
The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among...
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Why did Martha Stewart go to prison?
Martha Stewart, contrary to popular belief, did not go to jail for insider trading. She went to jail for lying to officials about...
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Define economics on the welfare and scaruty of resources explain?
Economics need to be studied to see where the economy is going, what can be removed from the economy and what can be added in...
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How did the United States benefit from the World War I when it first started?
economic benefits were from the sale of exports to countries at war with germany
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What is the difference in changing the scope between a spiral approach and a waterfall approach?
I believe the scope of requirements changes in Waterfall model is less than that in Spiral Model. In Waterfall model, you...
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Why is economics seen as a social science?
Beginning with a definition: The social sciences are a group of academic disciplines that study human aspects of the world. They...
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Who has the world's largest economy?
USA If treated as a single entity the EU is significantly larger.
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How do you calculate the equilibrium level of income?
you calculate it by adding consumption, investments, government spending, net exports and subtracting imports. EX:...
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What is globalisation and what are its effects on the Indian economy?
Largely positive. Globalization has brought many jobs and large sums of investment to India. India's economy has been growing at...
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What are the types of market economies?
Free-Market Economy (or Liberal Market Economy): An economic system comprised mainly of privately-owned enterprise (businesses),...
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How do you create demand for your products or services?
This has been a controversial question in economics. Some economists have argued that this is the role of advertising....
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What is the cost of a Chick Fil-A franchise?
what have to do to have franchise
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How has money evolved into the currency we use today?
Money as we know it, paper money (which will henceforth be called by its technical term, fiat - French for "fake" - money),...
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Is Egypt a rich nation?
No it isn't. Though this depends on how you define "rich." Egypt is quite affluent by African standards but remains a developing...
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What is the richest country in Africa?
South Africa is 100% the 7th richest in Africa...keeps changing each year!!!! I'm from Nigeria and i always thought my...
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What is the significance of foreign exchange rate risk and how can this risk be mitigated?
Foreign exchange risk is the level of uncertainty that a company must manage for changes in foreign exchange rates, that will...
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How does outsourcing affect the economy?
In principle, outsourcing makes things a little cheaper and should therefore increase profitabilty. However, some things need to...
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When the Baby Boomers retire won't those positions be filled by someone else who will pay SSI taxes?
That's true, but to pay all of us the amounts we will require these new workers will have to pay a 30% tax on their earnings. ...
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Define aggregate supply and describe the conditions underlying each of the three major segments along a short-run aggregate supply curve?
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How do reductions in government spending affect the economy?
Generally the government is very good at wasting money and resources so less spending, generally speaking, by the government...
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Where did Joel Barker say 'Vision without action is a dream Action without vision is simply passing the time Action with vision is making a positive difference'?
In the training video "The Power of Vision".
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What exactly was the IRA?
The provisional Irish Republican Army, or IRA, is an outgrowth of an older group known as the Irish Republican Army, which fought...
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What percieves the global economic system as responsible for the less developed global south countries dependence on and exploitation by the wealthy global north countries?
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What is a monopoly?
When one business or company dominates its area and squeezes out all its competition, the result is the consumer does not have a...
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Why do you want to pursue programme focussed towards services sector?
http://wiki.answers.com/Q/Why_do_you_want_to_pursue_programme_focussed_towards_services_sector"
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What is a small-cap stock?
There is no exact definition. In addition, any answer will change as the overall size of the economy and companies grow. In...
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What is the opportunity cost of devoting scarce university land to car parking?
Since opportunity cost is defined as the cost of any activity measured in terms of the best alternative activity which is...
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Jonas Salk was poor or rich?
ya kinda
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How do the determinants of demand affect the price of a particular product?
As demand for a good goes up, the price goes up. So any determinant of demand that has positive or negative effect on demand will...
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Management is an art and not a science?
Its a science Many people claim it's a science, but experience tells that it's both an art and a science. I am studting for a...
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What is the best way to win the lottery?
There is no "best" way to win the lottery. The numbers are completely random. If someone knew the answer to this question they...
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What is an 'Oligopply'?
Correctly spelled as; Oligopoly: A market where the supply is controlled by a small group of companies. In this condition, the...
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Who is Adam Smith?
Which one? You probably mean the Scottish philosopher/Economist. He is most famous for defining modern economic theory in a book...
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Who is Manny Villar?
Manny Villar Official Website (www.mannyvillar.com.ph) Manny Villar Profile (http://manny-villar.com) Manny Villar according to...
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What is the average standard of living in Africa?
Extremely low. Africa is the most impoverished continent on the face of the planet. The average African has scarce access to safe...
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How was India's trade organized before the World Trade Organisation?
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What kind of market demand and supply information would be useful to you in deciding upon a business strategy?
A customer filled form of the following fields will be of great use. Do you need product urgently? How many times you visited...
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What is the law of variable proportion in economics?
Sometimes referred to as variable factor proportions, law of diminishing returns states that as equal quantities of one variable...
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