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    Who are the near-poor?

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Questions & Answers

what is the Invisible Hand?
adrian Reply
What are the limitations of a commercial Bank to create credit
Tanyi Reply
what is meant by efficiency of labour
Fritz Reply
production possibility curve
Mama Reply
graphs about production possibility curve?
Mama
I cant open the links in the text.
adrian
what are the concept of economic
dauda Reply
demand suply and population
dauda
graphs on about ppc
Mama
with the aid of diagrams illustrate movement along and shifts in demand curve
Mercy Reply
what is scarcity
ISAH Reply
limited in supply relative to demand
doris
scarcity means resources available to provide our daily needs are limited
Terkimbi
shortage of resources that we need for our demand. basically price go up due to this problem.
Jean
scarcity means our resources r not enough for us or our resources r limited
Adam
discuss the effects of price controls int the economy
Charmaine
• It stimulates excess demand, which cannot be statified ie shortage in the market. • It encourages hoarding of commodities by wholesales and retailers. • It leads to the creation of " black market" or undercounter sales and its attendant high prices. • It encourage conditional sales of products.
BAMBA
on how scarcity,choice and opportunity cost work together
Livin
means less than requirement
Livin
What are the reasons for the existence of monopoly?
Gerry Reply
Because such barriers occur in different forms, there are therefore varying reasons for the existence of monopolies. Ownership of a Key Resource: When one company exerts sole control over a resource that is necessary for the production of a specific product, the market may become a monopoly.
Kenneth
Thanks Kenneth
Gerry
what is international trade
Syed Reply
what is imperfect compition
Syed
what is crowding out effect
LAXMI Reply
what is federal finance?
LAXMI Reply
what is populic
Kute
what is imperfect compition
Syed
Explain five importance of the study of economic
Francis Reply
study of economics help a person to make rational choice in multiple wants. help individual to be a well all-round thinker.
Bitrus
the five important of the study of economics are as follows (1)time (2)management of resources (3)choice making (4)business(5)scarcity
Terkimbi
an increase in demand (while supply remains constant) what will happen to deh graph?
Thabiso Reply
what is going to happen to the graph if there is an increase in demand, While supply remains constant .
Thabiso
What will happen to the graph if there is an increase in demand While supply remains constant?
Thabiso
price will increase high than automatically demand will decrease
takshaveer
equilibrium ?
Issum
is when the supply and demand are balanced
ISAH
as demand increase and supply remain constant means the price will increase also
Livin
what is the difference between economic growth and economic development ?
yonas
What is black money
Abichu
what is demand
Sarkwah Reply
demand is the willingness to buy a commodity backed by the ability to pay.
Runwell
demand is mere desire on commodity with ability to back up with purchasing power
Terkimbi
demand is the want of commodity back by the ability to pay for that commodity
Adenira
demand is the willingness to buy any type of commodity for the exchange of something that is valuable to the seller.
Jean
demand is any valuable commodity that people are willing to buy at prices.
ISAH
Equilibrium is when there's an equality between quantity demanded and quantity supplied
Victory Reply
Again the consumer will be in equilibrium if the price of the commodity is equal to Marginal utility of that product
daniel

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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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