Q: How does the market and equilibrium relate to the real world of business in relation to managerial…
A: At the point when the market is in equilibrium, there is no inclination at costs to change. We say…
Q: Basic tools of economics
A: The basic tools are Tables, Graphs, Charts, Mode, Mean, Median, standard deviation, etc.
Q: Explain why The three economic areas of consumers’ incomes, inflation, and recession. are of…
A: Macro environmental factors are those which are not in control of the business and are also not in…
Q: Differentiate between a traditional economy and a digital economy
A: This economy is primarily built by factories. The shops were on the streets. The advertisements were…
Q: Identify the gaps/flaws of Capitalist and Socialist economic systems
A: Capitalist economist - It is type of economy in t=which there is lack of government intervention and…
Q: 3-9. How does the Better Business Bureau encourage companies to follow its standards for commerce?
A: The Better Business Bureau (BBB) uses moral suasion to get members to comply with its standards.…
Q: How are important values such as sustainability reflected in the market-place today?
A: In the business context, sustainability addresses mainly two things: The effect of business on…
Q: Does the United States have a purely free-marketeconomy or a mixed economy? Explain your answer
A: The economy of the United States is diversified. It operates based on an economic system that…
Q: What is the difference between the domestic system and the factory system?
A: The domestic system is a traditional method that was mostly used in the 17th Century. In the…
Q: _______ The study of the national economy and theglobal economy is referred to asa. factors of the…
A: The correct option is option c. macroeconomics
Q: 5. Explain the concept of economics.
A: Social science can be explained as the science that is dedicated towards studying and examining the…
Q: What is agricultural extensio
A: In enhancing agricultural efficiency, agricultural extension plays a critical role in increasing…
Q: Globalization - its essence and influence on world economics
A: The countries of the world today have established a close connection among themselves due to…
Q: a. Identify the gaps/flaws of Capitalist and Socialist economic systems. b. What mechanism Islamic…
A: Identify the gaps/flaws of Capitalist and Socialist economic systems. Free enterprise and communism…
Q: Identify consumer and marketer reactions to the state of the economy?
A: The marketing environment consists of internal factors(employees, customer, competitors, retailers…
Q: Explain the following policies that government might want to implement for promoting economic…
A: Introduction A corporation that purchases a new production facility or engages in emerging…
Q: xplain the concept of emerging markets. In your explanation: Based on your foregoing discussion of…
A: A Market can be described as a place where free trade of products takes place. It can be referred to…
Q: role of small enterprises in the socioeconomic development
A: Small scale businesses are the backbone of any economy. The business owner of a small enterprise has…
Q: What is gross domestic product (GDP)?
A: A nation will always try to be more healthy and terms of the prosperity of its citizens, their…
Q: Discuss any four macro-economic indicators
A: Macro-economic indicators: Macroeconomic indicators, also recognized as major data…
Q: examine the importance of emerging markets in contrast to traditional established markets
A: An emerging market can be referred to as an economy or nation which is experiencing a substantial…
Q: Which sector is the largest in a post industrial economy?
A: An economy can be explained as a set of various interrelated consumption, production and exchange…
Q: What is the difference between Capitalist economy and Socialist economy? Give examples in this…
A: Socialist economy is an economy in which all decisions are taken by government as what to…
Q: What are the Monetary and fiscal policies?
A: Household economic decisions can have a significant impact on an economy. For example, a household's…
Q: Define economic system, and explain thegovernment’s role in a free-market economy
A: An economic system can be defined as the production system, distribution of goods, resource…
Q: Compare and contrast the Market-Based economic system vs. the Collective-Ownership system.
A: Market based economies utilize private ownership for the production and voluntary…
Q: five economic challenges faced by businesses today and ways of overcoming those challenges
A: For example, hundreds of mattress companies have sprung up in recent years, each claiming to…
Q: economics, and management. Write your own coonections between marketing a economics and marketing to…
A: The concept of marketing and economics and the concept of marketing and management are related as…
Q: What is the consumer-to-consumer model?
A: E-commerce states online exchange and transaction facilities for businesses and customers. It may…
Q: Explain the term government market?
A: It is a one of a kind and unique kind of market. The government plays a different role at this…
Q: summarize the differences between Market Mechanisms in Conventional Economics and Islamic Economics
A: Conventional economics is about how a company maximizes its profits in the marketplace and it does…
Q: 2. Mention Any FOUR of the stylized facts characterizing economic growth across developed countries.
A: A sylized fact especially pertaining to economic growth refers to simplified presentation of a…
Q: List the different types of economic systems.
A: An economic system is a way for societies or governments to organise and distribute available…
Q: What is the role of the business market consists of institutions?
A: A market involves groups of purchasers and suppliers. The business market is very different from the…
Q: What is happening with respect to the distribution of wealth and income in the United States since…
A: Unites States since 1070's Income distribution In the beginning of the 1970’s the income gap…
Q: what is economics marginal analysis
A: The concept of marginal analysis is related to the concept of Cost, so let us first know what Cost…
Q: Issues about stability of a government, laws and restrictions on business and economic activities…
A: The legal/political aspect is very important in global marketing. "International law" can be defined…
Q: Define the term Inflation in marketing?
A: The action or business of promoting and selling items or services, including advertising and…
Q: Discuss two advantages and disadvantages of the modern market economy, how to fix the disadvantages,…
A: A market economy is one in which the laws of supply and demand govern the production of goods and…
Q: What is the interconnected relationship between marketing and economics
A: The way the marketers push their their product or service in the market depends on the economic…
Q: Is gross domestic product a reliable indicator of a nation’s economic health? What might be a better…
A: Gross Domestic Product (GDP) is the largest significant evaluation of the aggregate economic…
Q: What are the key trends in the economic environment? The technological environment? The regulatory…
A: There are various organizations and industries that are active these days. There are organizations…
Q: What is the difference between Institutional markets and governmental markets?
A: Institutional and government markets make up a not-for-profit market with the primary goal of…
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