Illustrates how inefficiencies can lead to deforestation, and identify the sources.
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Economics
Illustrates how inefficiencies can lead to deforestation, and identify the sources.
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- 1. What is economics, and how can you benefit from understanding basic economic concepts? 2. Compare and contrast the world’s major economic systems. Why is capitalism growing, communism declining, and socialism still popular?In the history of the economy, there has been an understanding that the government does not need to intervene directly in economic activities. The economy is only based on market equilibrium (classical/micro economics). This understanding gave rise to the Great Depression. A. Retell the series of events of the great depression until an understanding emerges that there must be direct government involvement in economic activities! B. Give an analysis, what was the main cause of the great depression, even though at that time there was a very significant increase in production?Explain the guidelines that improve the odds for success during an economic downturn.
- What are the macroeconomic factors, such as inflation, interest rates, and exchange rates, that could impact our business, and how can we mitigate their effects?Explain some usual critics of economics: assuming selfish individuals, lack of pluralism.(please don't write on the paper)“Society is adjusting to a ‘new normal’. Amid efforts by government and the medical sector to mitigate the health impact of the COVID‐19 (Coronavirus) pandemic, many commercial enterprises are having to fundamentally alter how they do business, as the economic effects of the Coronavirus continue to manifest. It is therefore pertinent to have an understanding of thecurrent economic landscape in South Africa, and what might be done to minimise financial damage and reduce insolvency risks during this uncertain time.”In light of the above quote, discuss cost reduction and revenue increase as two of the four advantages of operations Management available to South African commercial enterprises.
- summarize the differences between Market Mechanisms in Conventional Economics and Islamic EconomicsHow do we take the effects of inflation out of GDP to compare economic well-being over time? .And how do we compare economic well-being across countries?When do you expect the current economic situation (caused by COVID-19) to change? What has already changed and what will change further?