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Card 13 / 14:
splitting up the value chain
many of the different stages of producing a good happen in different geographic locations
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Questions & Answers
what is balance of payment
I don't know
Somkenechukwu
balance of payment is the sum total of a country receipt for her exports and the total payments made for her imports.
dajan
discuss collusion of An oligopoly
ɧơɯ Ćąŋ ɖɛmąŋɖ Ćɧąŋɠɛ ŧơ want
money is everything
Pranav
a regulatory object between producer and consumer of monetary system
Vipul
money is anything generally accepted for the payment of goods and services and for the settlement of debt
Angel
a regulatory object of good and services between producer and consumer ( all these comes under monetary system)
Vipul
what is price surveillance?
what is favourable balance of trade
Ngea
what are two classical macroeconomics and what're their theories say about their equations?
what is the formula for calculating elasticity
what is elasticity of demand?
flexibility of demand in terms of price , income and tax ratio .
Vipul
Causes of economic growth
What is elasticity of demand
pierre
What are the causes of economic growth
pierre
economic growth, establishment of industry, encourage of investor's, farm productivities, creation of institutions, construction of good road etc
Oyewale
elasticity of demand can be said to be the responsiveness of demand to a change in prices
fateemah
impact of collusion in the economy referring to inefficiencies illustrated by means of graph
The Factor price will determine the choice of techniques to produce.Expantiate
dajan
what is elasticity of demand?
state and explain two types of demand
Etta
Institution involved in money market
Economic is the study of scarcity
Kolade
Economics is the study of a lot of things. It is split up into two areas of study, Microeconomics and Macroeconomics. Microeconomics is the study of an individual's choices in the economy and Macroeconomics is the study of the economy as a whole.
The
Economics is a science that studies human scarcity
Agnes
What is Equilibrium price?
Agnes
Equilibrium is the market clearing price. The point at which quantity demanded equals quantity supplied. The point at which the supply and demand curves intersect.
The
Refers to the study of how producers use limited resources to satisfy human unlimited wants
Gatoya
why is economics important
why economics important
feleke
name four ways to encourage the development of trade amongs country
Miracle
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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