Pullion.com

11 март category Business & Economy Review: 0

___________________________________

One of the most important building blocks of economic analysis is the concept of demand. When economists refer to demand, they usually have in mind not just a single quantity demanded, but a demand curve, which traces the quantity of a good or service that is demanded at successively different prices.

11 март category Business & Economy Review: 0

___________________________________

The most basic laws in economics are the law of supply and the law of demand. The law of supply states that the quantity of a good supplied rises as the market price rises, and falls as the price falls. Conversely, the law of demand  says that the quantity of a good demanded falls as the price rises, and vice versa.

One function of markets is to find “equilibrium” prices that balance the supplies of and demands for goods and services. An equilibrium price  is one at which each producer can sell all he wants to produce and each consumer can buy all he demands.

The most basic laws in economics are the law of supply and the law of demand. The law of supply states that the quantity of a good supplied rises as the market price rises, and falls as the price falls. Conversely, the law of demand  says that the quantity of a good demanded falls as the price rises, and vice versa.

One function of markets is to find “equilibrium” prices that balance the supplies of and demands for goods and services. An equilibrium price  is one at which each producer can sell all he wants to produce and each consumer can buy all he demands.

11 март category Business & Economy Review: 0

___________________________________

Competition," wrote Samuel Johnson, "is the act of endeavoring to gain what another endeavors to gain at the same time." We are all familiar with competition—from childhood games, from sporting contests, from trying to get ahead in our jobs.

But our  familiarity does not tell us how vitally important competition is to the study of economic life.

09 март category Business & Economy Review: 0

___________________________________

There are clear benefits to being open to international trade: trade allows people to produce what they produce best and to consume the great variety of goods and services produced around the world. The key macroeconomics variables that describe an interaction in world markets are exports, imports, the trade balance, and exchange rates.

09 март category Business & Economy Review: 0

___________________________________

Whenever a country imports or exports goods and services, there is a resulting flow of funds: money returns to the exporting nation, and money flows out of the importing nation. Trade and investment is a two-way street, and with a minimum of trade barriers, international trade and investment usually makes everyone better off.

Previous 1 ... 4 5 6 7 8 9 10 11 12 ... 28 Next
home contact about us
Copyright 2016 Pullion.com