Essay about Economics and Essential Work Equipment

663 WordsOct 28, 20143 Pages
CHAPTER 1 a. Short-term financial stress vs long-term increased potential productivity b. Risk of textbook needing replacement anyway and increased time spent using it if it is worn/hard to read/must be treated carefully vs price 1a. Essential work equipment (also company vehicle, so may/may not have increased mobility leading to reduced transport costs and better access to better/cheaper services); also maintenance b. As above, except it might be more peripheral as people won't decide whether to use the company based on what kind/condition it is in; also won't need maintenance c. Service that will insure against potential losses (if the counsel prevents you doing something illegal) /provide an income stream (if s/he…show more content…
Labor specialization is one of the key features of modern economic systems, enabling factories and other business operations to produce goods on a global scale and to increase productivity. 8. My future plan is to do Marketing for a big record label and own a business of some sort as well. I defiantly think that learning and knowing economics for any sort of future is good to have. Economics helps us gain wealth and trade. Economics determines prices on things and anyone with any goal will be able to relate to this. Economics is the study of our market system; it's the study of how people make choices about what they buy, what they produce, and how our market system works. This is important for anyone to know and will always benefit you having a business or working for a business to know the economy and where everything is going. 9. At the moment I think everyone can relate is scarcity in money because of the economy and trying to be a fulltime student with a full time job is very difficult to carry these days but I do. 10. WEB Question. What Can I Do with an Economics Degree? With an Economics degree you are highly desirable, to companies that deal in finance, banking, data analysis, business, and trending. a) According to the
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