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individual and market demand schedulethe plan of the possible quantities that will be demanded at different prices by an individual is called
the firmthe unit that uses factors of production to produce commodities then it sells either to other firms to household or to central authorities
householdthis refers to all the people who live under one roof and who make or are subject to others making for them joint financial decisions the
economics for accountantsa few teachers and some students have questioned the rationale for including economics in a course of study for professional
disadvantages of mixed economylarge monopolies can still exist in the private sector and so competition does not really take placethere is likely to
advantages of the mixed economynecessary services are provided in a true market economy services which were not able to make profit would not be
features of this systemthe mixed economy includes elements of both market and planned economies the government operates and controls the public
the mixed economythere are no economies in the world which are entirely market or planned all will contain elements of both systemsthe degree of mix
disadvantages of the planned systemthe centrally planned economies suffer from the following limitationslack of choice consumers have little
advantages of planned systemi uses of resources central planning can lead to the full use of all the factors of production so reducing or
features of planned economythe command economies relies exclusively on the state the government will decide what is made how it is made how much
planned economyis a system where all major economic decisions are made by a government ministry or planning organisation here all questions about the
disadvantages of a free economythe free market gives rise to certain inefficiencies called market failures ie where the market system fails to
advantages of a free market systemincentive people are encouraged to work hard because opportunities exist for individuals to accumulate high
resource allocation in a free enterprisealthough there are no central committees organising the allocation of resources there is supposed to be no
features of free market systemthe features of a free market system arei ownership of means of productionindividuals
i was given a few spreadsheets and asked to do an income balance and cash flow statement it3939s a lot of info and i have no idea what i3939m
prepare a break-even analysis to determine volume required to cover costs with and without a specified profit target and
use a computer regression package to work these two computer exercises 2 ozark bottled water products inc hired a marketing consulting firm to
i can3939t figure out the economic model of a company that i3939m supposed to write a report about the company is a tier 2 supplier and over the
plot the demand schedule and draw the demand curve for the data given for marijuana in the case
rail tours sells packaged tours on rail lines including gourmet meals and a reserved bed the most popular tours are in the autumn when colors are at
contracting and insider-outsider models of unemployment from the walrasian assumption of a market-clearing wage on
efficiency-wage theories of unemployment efficiency wage theories are clearly non-walrasian theories in as much as they postulate
keynesian and new-keynesian theories of unemployment and the behaviour of real wages as mentioned above two phenomena about