Explain the definition of Economics
Explain the definition of Economics?
Expert
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.
Relative to other systems, economies in that people exchange goods or resources directly along with other people for other goods or resources without using money like a usual denominator rely relatively heavily upon: (i) barter. (ii) specialization. (
Cost of debt= (1-tax rate)* interest rate * (debt ÷capital employed)Cost of equity = risk free rate + market premium (equity shareholders funds÷ capital employed)
identify the reasons for the formation of organizations
The advocates of laissez-faire policies favor: (i) Govt. control of economy. (ii) Public ownership of all the resources. (iii) Income to be distributed according to requirement. (iv) Surpluses in the balance of trade. (v) Minimal govt. intervention in economy.
Explain how government might manipulate its expenditures and tax revenues to reduce rate of inflation?
Use the circular flow model to confirm this assertion for $50 million increase in spending for space research?
What is the most important source of revenue and the major type of expenditure at the Federal level?
Define the Legal forms of businesses?
Explain by giving example of an absolute advantage in production of two products?
Briefly describe the term Benefit Cost Ratio (or B/C Ratio) or Profitability Index (or PI)?
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