Entrepreneurs and business are at the helm of the economy
Explain the statements: Entrepreneurs and business are at the helm of the economy.
Expert
Entrepreneurs and business are at the helm of the economy, but their commanders are consumers. Although producers are free to choose what products they will produce, if the producers are to maximize profits, these good and services must be consumer’s desire.
Illustrate the term Economic Rationale?
Describe the Promoting stability?
When government intervention is not present, than arbitrage: (w) will reduce price differences when similar good sells at various prices within separate markets. (x) results into economic losses for traders. (y) causes high economic profits for mercha
What do you mean by Shuffling the Deck?
Elucidate the gains that have occurred using the resources as before specialization?
Elucidate the various trade which enacted by governments?
Nature and Scope of Economics: Introduction Economics is a social science that
A positive responsibility played through speculators within a market economy is to: (1) find out price levels for entrepreneurs. (2) predict the quantity at that long run equilibrium would be attained. (3) inform government organizations of consumer p
Successful speculation tends to: (1) generate inflationary pressure. (2) assist stabilize relative prices. (3) reduce the incomes of the eventual producers of goods. (4) make relative prices more volatile. (5) increase the risk born through the eventu
Question: A country with a fixed or managed exchange rate would consider i.___________________ its currency to gain competitive advantage vis-à-vis its trade
18,76,764
1952730 Asked
3,689
Active Tutors
1460266
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!