Explain the definition of Economics
Explain the definition of Economics?
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a. The social science concerned with the efficient use of limited or scarce resources to achieve maximum satisfaction of human materials wants.
b. Human wants are unlimited, but the means to satisfy the wants are limited.
simultaneous method in demand forecasting?
Which of the given describes a situation in which each good or service is produced up to the point where the last unit gives a marginal benefit to consumers equivalent to the marginal cost of producing this? w) productive efficiency.
Illustrate the Risks involved with bonds?
Who are the major players in international trade today? Besides Japan, what other Asian nations play significant roles in international trade?
After the Spanish found the new world, they promptly began to plunder this. They imported huge amount of gold and silver to Spain. It inflow of bullion caused a rapid increase in inflation, that would have grave consequences for Spain. It is quick inflation made this
Describe briefly high financial leverage, low operating leverage?
Describe briefly Low financial leverage, low operating leverage?
Illustrate the term Economic Rationale?
Drawing a production possibilities frontier needs the supposition that: (1) Decision makers encompass discretion over resource accessibility. (2) Technology is constant. (3) Income is fairly distributed. (4) Resources are considerably diverse. (5) At least three goods
“An increase in the American dollar price of the South Korean won implies that the South Korean won has depreciated in value.” Explain.
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