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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
opportunity cost means the lose of other alternatives when the alternative is chosen
is the benefits that you loose by not selecting a certain alternative.
EDWINY
individual wants maybe unlimited, but means to satisfy them are limited there one has to forgo some alternative in order to acquire other alternative and it must according priority, that is when scale of preference set in for individuals to make choice
Rhaiymornd
demand is the amount of goods and services that consumer is willing and able to purchase at a particular prices over given period of time
What customers want the most...
Abraham
not only what customers wants, want is just mere desire but demand is backed by purchasing power, ability and willingness
Rhaiymornd
What's opportunity cost?
Abraham
what are the differences between demand and supply
who is called lender of the last resort
Well! what's going on
Majeed
r u study in economics
Karishma
r u study in economics
Karishma
Has completed already
Majeed
split the price effect into income effect and substitution effect
Karishma
Hey, I am new here. Hope, discussion on Economics will clear our concepts more.
yasir
do u speak hindi or english
Karishma
how to consumer equlibrium through ic
Karishma
consumer equilibrium demand equals supply
Kenneth
the consumer is in equilibrium when the indifference curve is tangential to the budget line. or when the BL and IC intersect
Sessay
reasons indifference curve slopes downwards?
Kenneth
fine Abby any good,
Doctor
hey. im new year. economics teacher how we can discuss some thing interesting.
EDWINY
what do u understand the concept of poverty cycle.
EDWINY
just new here guy's and also an Economics fresher of Kogi State University Anyigba
nelson
who can tell the laboratory of economic?
Amara
, Dennis Weissman Associates, LLC
Laboratory Economics is the monthly business newsletter that gets behind the headlines and press releases.
Ayegba
sooo teah me what an LLC
Emmanuel
economic systems
gracious
hello where can I find the diagrams
Manu
Hello I am totally out ,I am not understanding why we are here. can someone help me out?
Amara
why Economic is not a pure science can someone help me out
Mohamed
because economics like science put forth a some hypotheses and then do experiments to prove them
Anwesh
but these experiments are not completely controlled
Anwesh
hi people can you help me out on "demand and supply"
Milton
Am not understanding can someone enlighten me pls
Bertilla
hi people can you help me out on "demand and supply"
Sessay
hello. if Mr.Patrick's income is #900.00 while that of Mr.Shodawe is #1300.00 if Mr.Patrick and Shodowe pay #90.00 and #130.00 as taxes,the tax system is?
Benjamin
I need the answer please
Benjamin
regressive tax system
shaikh
Isn't this called proportional tax rate because the rate stays the same - 10%? Tell me if I'm wrong
Ioan
Supply is perfectly elastic and demand increases.
it slopes downward from left to right
Ama
how resources are allocated in a free economy
explain how discriminating Monopoly increase profits
Charlotte
factors responsible for the emergence of monopoly situation
total output produced by a country over a given period of time .... can someone give me the term plz
gross domestic products
janet
what is recession pertaining to GDP
Prince
what is recession pertaining to GDP
Prince
law of demand and supply
Zakariyah
All thing been equal
Temple
no i think recession is pertaining to GNP
owolabi
gross national production
Abraham
all things being equal
Raphael
embargo restriction on trade by government of a country
owolabi
an official ban on trade or other commercial activity with a particular country.
Ayegba
Embargo.....an order by a common carrier or publ regulatory agency prohibiting or restric freight transportation
Ayegba
What is long run supply curve of a industry
am late I missed alot
Ernest
A mixed economy is the best type of an economy.Discuss
Agreed
Mixed economics is d combination of both capitalist and socialist economy, it give room for both individual and government to make decisions whereby giving room to a rapid development of d economy.
Anjorin
Explain more about the Macroeconomics
what is macroeconomic
Ekye
macro economics has to do with the of study economics at national level i.e the study of national economy as a whole.
While micro is concerned with the study at individual, group or company level.
Andres
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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