Write short note Economics
Write short note Economics?
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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.
Describe unequal burdens of unemployment exist?
Elucidate “Ticket Scalping: A Bum Rap”?
Elucidate The General Agreement of Tariffs and Trade (GATT)?
What is the difference between qualitative data and quantitative data, provide an example of each.
Illustrate the advantage and disadvantage of Corporations?
Explain the volume and pattern of U.S. and World Trade?
Illustrate the Law of supply?
Adam Smith must have emphasized more strongly how his Wealth of Nations drew concepts and inspiration by Richard Cantillon’s Essai. Now today’s perspective that the Wealth of Nations would considered even
What does financial leverage specify? And also states its limitations?
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