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.
For the question below, utilize the given information. The market for gizmos is competitive, with an increasing sloping supply curve and a downward sloping demand curve. With no govt. intervention, the equilibrium price is $25 and the equilibrium quantity is 10,000 gi
Give a brief introduction of the term Cost of retained earnings?
Briefly state the pros and cons of Partnership?
What do you mean by Shuffling the Deck?
What are the reasons for change in expanded production possibilities with women?
What are economic resources? What are the major functions of the entrepreneur?
Illustrate the Goals of Mixed Economy?
The main advantage of using EVA is that it is simple to calculate and understand. It uses simple measures like operating profits and cost of capital terms which are widely known and accepted in the financial arena. It helps the managers to assess thei
Illustrate the Risks involved with bonds?
What do you mean by Supply?
18,76,764
1929106 Asked
3,689
Active Tutors
1430212
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!