Write short note Economics
Write short note Economics?
Expert
Economics is the social science concerned with the problem of using scarce resources to attain the greatest fulfillment of society’s unlimited wants. Economics is a science of efficiency in the use of scarce resources. Efficiency requires full employment of available resources and full production.
1. Full employment means all available resources should be employed.
2. Full production means that employed resources are providing maximum satisfaction of our economic wants. If this is not so underemployment arises.
Explain how women expanded production possibilities?
Why private goods are produced through the market?
Elucidate the use of money as a medium of exchange in Market System?
Entrepreneurs: (w) undertake risky forms of production to gain uncertain profits. (x) obtain interest payments for their services. (y) are usually overcompensated for their innovations. (z) receive virtually all their wealth by inheritance.
Suppositions underpinning simple production possibilities frontier models don’t comprise a need that: (i) Net resources are fixed. (ii) All resources are efficiently employed. (iii) Technology is steady. (iv) Resource owners are paid according t
How can we evaluate cost of capital?
Question: Conduct an analysis on the following topic and prepare an Executive Summary-style report with supporting exhibits (Insightful Graphs, tables etc. from quality expert analyst references used to write the r
Explain how government might manipulate its expenditures and tax revenues to reduce rate of inflation?
What is the scientific method and how does it relate to theoretical economics? What is the difference between a hypothesis and an economic law or principle?
Define the Legal forms of businesses?
18,76,764
1925767 Asked
3,689
Active Tutors
1441516
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!