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Card 13 / 13:
simple interest
an interest rate calculation only on the principal amount
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Questions & Answers
Scarcity is the limitedness of resources relative to human wants. In economic sense means that the available resources are not sufficient to satisfy all human wants.
Innocent
Moreover, Fiscal policy deal with government revenue and expenditure. Government expenditure puts money in public hands while government revenue withdraws the money. Role of fiscal policy is to reduces money circulation as a means of reducing demand.
Innocent
What is an inflationary spiral?
Innocent
Suppose that you 're nominated as a Minister of Finance in your country's. How can you finance a deficit budget?
Innocent
Can you explain the terms 'fiscal deficit' and 'fiscal policy'?
fiscal deficit refers to the government expenditure exceed expected to the government revenue
Innocent
fiscal deficit is like budget deficit
Innocent
fiscal policy it occurs when the government takes and maintain the strategic to resolve the inflation.
Innocent
increase in general price level
suresh
a sudden increase in prices of goods that effects our cost of living
Brahmani
what is Debenture in economy
Economic is a seines which study the human behavior as ends and scarce means which have alternative uses
Debrah
Economics is the study of how human make decisions in the face of scarcity. These can be individual decisions, family decisions, business decisions or societal decisions.
Wandji
Economics is a science that study human behaviour as a relationship between ends and scarce means which may have alternative uses.
Elizabeth
in my opinion, economics helps us to learn decision making not only in short term but in long term too
shubham
What is Debenture in economy
Gideon
what is special directives
Demand simply refers to the amount of goods and services which the consumer is willing and able to purchase at each price
Owusu
Demand refers to the quantity of goods and services an individial is willing and able to purchase or buy at various price over a period of time
Elizabeth
what is mean by unitary elastic demand
demand is said to be unitary elastic when the percentage change in the demand is equal to the percentage change in the price
George
what is the principle of equi-marginal utility
what is Economics and it important
what is the meaning of Economic
Anita
economics is a science which studies human behaviour as a relationship between ends and scarce means which have alternative uses
Boso
@ Boso thanks for the definition ✌
Raewyn
boso u r too much u try
Liambee
pls can I ask more questions
Anita
production is creation of goods and services
George
what is macroeconomics and microeconomics
Anita
macroeconomics deals with larger economic units such as GDP,GNP,employment while microeconomics deals with smaller economic units such firm and household
George
Explain the ff
Scarcity
Ends
Demand
Supply
Choice
Scale of preference
Anita
macroeconomics deals with larger economic units such as GDP,GNP,employment while microeconomics deals with smaller economic units such firm and household
George
Gross Domestic product...it represent the total value of the products produced within the country including foreign industries
what are the favourable demand
list of climate that affect demands
Odia
What is two major forms of international trade?
What is Economics and why it is important
De ans,Economics is the study of women behavior as a relationship between end and scared mean which have alternative uses.
Anita
Source:
OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
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