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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 country has the strongest houses?

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Asked by Rynoman90219

Germany for sure! concrete walls 10" thick!

What is an example of secondary sector?

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Asked by Wiki User

Forestry

Car Manufacturing

Fishing

Hairdressing

Why you should correct identified shortcomings in services provided to clients?

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Asked by Wiki User

why should you correct identified shortcomings in services provided to clients?

How does use of cargo containers benefit the economy?

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Asked by Wiki User

The use of cargo containers benefits the economy in many ways.

First, it enhances global trade by facilitating international commerce by enabling efficient transportation of goods over long distances.

Secondly, it reduces shipping costs by optimizing space and allowing larger quantities of goods to be transported at once. This cost-effectiveness lowers prices for consumers, stimulating demand and economic growth.

Additionally, standardized containers streamline logistics operations, reduce delays and improve supply chain efficiency.

Overall, the widespread adoption of cargo containers increases productivity, promotes economic integration and contributes to the development of interconnected global markets.

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How is southern Mexico and northern Mexico alike?

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Asked by Wiki User

Both are part of Mexico, and that's pretty much it. Both regions are opposite in terms of economy, population, cultural traits and even ethnicity:

  • Northern Mexico is industry-oriented while southern Mexico is mostly rural
  • Northern Mexico is sparcely populated while southern Mexico has a much bigger population density.
  • Northern Mexico is dominated by the Sonoran and Chihuahuan deserts while southern Mexico has a tropical, humid climate.
  • Northern Mexico's ethnicity is in general terms, "paler" than the rest of the country due to European immigration throughout the 19th century; southern Mexico tends to be "darker" due to several Native American peoples that survived the contact with Europeans.
  • Northern Mexico is more akin to the southwestern US -- in fact, the cowboy culture was "invented" in Mexico -- while southern Mexico has more affinity to Central America.

What is a undesirable business practice?

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Asked by Wiki User

Data privacy violations: Collecting and using consumer data without proper consent or transparency is a major concern. This includes practices like data scraping (illegally harvesting personal information) or selling user data to third parties without proper notification.

What would NOT help a company increase profits?

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Asked by Wiki User

Neglecting digital marketing. In today's digital world, businesses need to have a strong online presence. This includes having a user-friendly website, being active on social media, and running targeted online advertising campaigns. While digital marketing can be a powerful tool for reaching new customers and growing sales, it's important to use it effectively to avoid wasting resources.

What does Money saving mean?

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Asked by Wiki User

Money saving refers to the practice of reducing expenses or setting aside funds for future use instead of spending them immediately. It involves various strategies and techniques aimed at preserving financial resources, such as budgeting, cutting unnecessary expenses, finding discounts or deals, and investing wisely. The ultimate goal of money saving is to build financial security, achieve financial goals, and be better prepared for unexpected expenses or emergencies.

Are milk and butter substitutes or complements?

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Asked by Vietdoll

Neither. Milk is an input for butter. One does not use milk on toast instead of butter which would make it a substitute. Nor does one always eat milk with butter which would make it a complement.

Money saving tips?

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Asked by Wiki User

The few money saving tips by the professional intelligence expert financial coach

Create a budget: Track your income and expenses to understand where your money is going and identify areas where you can cut back.

Cook at home: Eating out can be expensive. Cooking meals at home can save a significant amount of money.

Use coupons and discounts: Take advantage of coupons, promo codes, and sales to save money on groceries, clothing, and other purchases.

Shop smart: Compare prices, buy generic brands, and purchase items in bulk to save money on groceries and household essentials.

Save on utilities: Turn off lights when not in use, unplug electronics, and use energy-efficient appliances to reduce your utility bills.

Avoid unnecessary fees: Be mindful of bank fees, late payment fees, and other penalties that can eat into your budget.

Set savings goals: Determine your financial goals and set aside a portion of your income each month to save towards them.

What is the Interrelationship between utility and best use?

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Asked by Wiki User

Property utility and highest and best use are both concepts in real estate and property valuation, and they are interconnected in the sense that the highest and best use of a property is closely related to its usefulness or satisfaction that a property provides to its owner or user.

What are the advantages and disadvantages of Undifferentiated Marketing?

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Asked by Wiki User

Undifferentiated marketing, sometimes called mass marketing, involves targeting a broad audience with a single marketing strategy. The advantages include cost savings due to economies of scale, simplified marketing efforts, and the potential to reach a large audience quickly. However, it can lead to inefficiencies if the message doesn't resonate with all segments of the audience, and it may fail to address the specific needs of different customer groups. This approach can also make it challenging to stand out in a competitive market where personalized and targeted messaging is increasingly common.

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Where are north face jackets made?

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Asked by Wiki User

North Face jackets are produced in multiple locations, including China, Vietnam, Bangladesh and Cambodia. The exact manufacturing location may vary based on factors such as jacket type and production requirements. For budget shoppers, {WeeReplica} is a great place to start.

Where are the north face products made?

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Asked by Wiki User

North Face products are manufactured all over the world, including in countries such as China, Vietnam, and Bangladesh. The company utilizes global supply chains to produce a variety of outdoor gear and apparel. If you want to get high-quality North Face products at affordable prices, {WeeReplica} is worth exploring!

Which of the following is an example of specialization?

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Asked by Wiki User

A South American company harvesting bananas.

How did the South's economy benefit?

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Asked by Wiki User

slavery benefited the southern economy because raised a lot of money for the slave owners,especially when the slaves get extra jobs,because all of the money the earned goes straight to their owner. :(

What causes abnormal demand curve?

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Asked by Wiki User

Prices falling can cause abnormal demand curve. Any kind of changes to the price, production, etc. can also cause abnormal curves in demand.

What is the difference between specialisation and division of labour?

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Asked by Wiki User

specialisation is a situation where individuals and firms , regions and nations concentrate upon producing some goods and services rather than others, but

Division of labour is a concentration of large numbers of workers within very large production units allower the process of production to be broken down into a series of tasks

In economics gold and salt are examples of which form of money?

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Asked by Wiki User

Gold and salt are examples of commodity money in economics. Commodity money is backed by the intrinsic value of the goods or commodities themselves.

How does mercantilism differ from capitalism or the free enterprise system?

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Asked by Wiki User

Mercantilism allows governments to control economies, while capitalism gives individual more economic control. -Apex 2.4.2 test

How many cents to a dollar?

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Asked by Wiki User

How many cents is 2/4 of a dollar

Luxury goods like Dom Perignon champagne tend to have demand curves?

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Asked by Wiki User

Luxury goods like Dom Perignon champagne tend to have ______ demand curves.