Q: Meaning of economic
A: Like the other social sciences, Economics also involves the study of human interactions with each…
Q: Write short notes on : Importance of Micro Economics
A: Microeconomics is that the study of however folks, households, and businesses build choices and…
Q: Amit is using his money to buy assets like house , commercial land and machines . Write what is he…
A: Disposable Income: Disposable income is the income that remains after subtracting the taxes and this…
Q: What is economic region of production? Describe with diagram.
A: An economic region of production can be referred to as an area of economic sense in which the…
Q: what is micro?
A: Economics is the study of choices in the case of scarcity that means some decisions are made such as…
Q: Circular flow
A: Circular flow: - a circular flow of income shows the exchange of money, resources, goods, and…
Q: the work ethic of the country's workers worsens over time resulting in a significant reduction in…
A: Option (C).
Q: What might the impact of a flat world be on your standard of living?
A: When talking about flat world, it refers to the changing scenario of markets of different nations…
Q: what intermediate microecomics about
A: Economics: It is related to the production, consumption, and transfer of wealth.
Q: Solve c
A: The aggregate demand curve shows the negative relationship between the price level and the total…
Q: China currently (2016) has a household saving rate of about 36 %. It has never been below 27 % in…
A: Income can either be saved or spend on the consumption of commodities or services. Savings done by…
Q: what is entrepreneur? in your own words essay
A:
Q: what is micro economy?
A: Economics is the study of how the scarce resources of society are exploited. Economics is a social…
Q: Adam Smith did not considered ________ as one of the component of production
A: According to the given question The components of the production in economics can be classified into…
Q: What are the stages of production?
A: The production function shows the technical relationship between factor of production and final…
Q: The main reason the cost of living varies acrossregions of the country is differences in the price…
A: The cost of living refers to the required amount of money to meet the basic expenses of a family…
Q: Match each Factor of Production with its example. Land Labor Capital Entrepreneurship III Cornfield…
A: DISCLAIMER “Since you have asked multiple question, we will solve the first question for you. If you…
Q: Why must we connect earning power and purchasing po1ver to the concept of time?
A: The purchasing power is the financial ability of an individual to consumer goods and services in a…
Q: Economic
A: The given table is:
Q: solve
A: The simple interest rate is calculated by using the following formula: SI=P×R×T100 where, SI is the…
Q: Describe the service economy briefly, and the nine supersectors.
A: According to the United States Census Bureau, the service sector produces intangible goods, more…
Q: What is the difference between Karl Max and Adam Smith in term of division of labour?
A: The separation of a work process into a number of jobs, each of which is carried out by a different…
Q: Four factors of Production
A: Microeconomics studies the economic behavior of individual units such as a firm, a market, a…
Q: What makes being an entrepreneur different from other profession?
A: Entrepreneurship is the term used to describe the process of starting a firm. Entrepreneurs are…
Q: Different between micro and macro
A: Micro economics involvesSupply and demand in individual markets.Individual consumer behaviour. e.g.…
Q: What can be done when the writer wants to include the ideas of the research but leave out specific…
A: While doing research a lot of data, knowledge is needed in order to present a topic of the research.
Q: What is the definition of economic
A: Microeconomics is the discipline of economics that studies how people and businesses react to…
Q: In factor markets, entrepreneurs
A: Government and central bank control the financial and economic functioning of a particular economy.…
Q: Define the term labor productivity?
A: Labour productivity is the amount of output traditional labour turns out in an hour of work, in a…
Q: Productivity relates to producing the same output with more labor hours. working harder over time.
A: Productivity implies producing more output by using the same amount of resources or producing the…
Q: Illustrate the Engineer's role in Business?
A: Engineer's are by and large engaged with plan of creation process,product's,production and upkeep of…
Q: What are the economic significance of the stages of production
A: In economics, production is defined as a process of combining various inputs to make goods and…
Q: What is the importance of stages of production?
A: There are 3 stages to the production process which are as follows: 1. "Output increases at an…
Q: _____ using more capital than labor in the production process?.(fill in the blank)
A: Production process is the process in which inputs are used to make output for consumption. Capital…
Q: How does the division of labor increase productivity?
A: According to Adam Smith Division of labor is the concept where the task is divided in to different…
Q: What is the role of time in research?
A: Nothing is consistent. It would be truly great to freeze everything following a significant occasion…
Q: what is Circular flow of production units?
A: circular flow model Lets understand this concept with an example:- In this circular flow model…
Q: What mean economic
A: Microeconomics and macroeconomics are two commonly known branches of economics. Individual economic…
Q: Average labor productivity is the A- amount of output per worker B- amount of workers per machine C-…
A: In economics, productivity refers to the ability of an input resource to generate output.
Q: What are the business factors
A: Business factors can be defined as the factors that affect the growth, profitability, sustainability…
Q: Characterize the different factors of production by identifying their roles in the production…
A: In financial frameworks, the responsibility for of production is thought to be with families, who…
Q: In your own words, Explain what is BJMP. Write in 200 words.
A: BJMP is known as Bureau of Jail Management and Penology which is a Department of the Interior and…
Q: What is a research question explain and give example?
A: The most important aspect of undertaking research is to accurately identify the research question…
Q: how the data could be better reported to convey the true production
A: Through general reports of Fine reports users can fetch data from different types of business…
Q: Create a mind map of the important concept/s of ECONOMIC ORGANIZATION.
A: Organizational economics is a field of economics that investigates interactions within particular…
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