What is happening with respect to the distribution of wealth and income in the United States since the 1970’s?

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: When studying the dynamics of the housing market (that is, taking account of demand and supply as…

A: Real estate is a tangible asset composed of properties and the land from which it rests, but while…

Q: How does the budget constraint affect consumer choices?

A: Household decisions are determined by the combination of pricing, financial limits, and personal…

Q: give atleast 3 principal causes of high population growth in developing countries and the major…

A: The population is the total number of people in a country or nations with similar characteristics.

Q: What is meant by the economic environment?

A: What is Economic Environment ? All economic elements that influence business and consumer behavior…

Q: How does market society contributes to the growth and development of the country and its economy

A: Marketing has played a vital role in the economic development of the whole country. It has also…

Q: Explain the term consumer price index (CPI).

A: Money is the core component of any economy. It helps to understand the contribution of that person…

Q: Are the firms in the housing market operating efficiently in (i) perfectly compettitive market (ii)…

A: Because it lacks the required qualities of a perfectly competitive market, the housing market is…

Q: what is income before income taxes

A: Earnings or income before tax is the money taken on the inside by a business before subtracting tax…

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: Among the indicators of market concentration, which has the most obvious effect or influence in the…

A: We can say that where I think market concentration is a difficult factor to quantify. We can say…

Q: key factors that influence real estate markets, prices and fluctuations.

A: There are many factors which can influence the real estate market prices and the situations…

Q: Explain the term economic environment?

A: Marketing environment determines the factors that affect the market. It includes internal factors…

Q: Is it possible to predict changes in social trends far enough in advance to capitalize on them with…

A: With the internet and big data in picture and advancement in Artificial Intelligence tool and other…

Q: Upon review, you determine a market segment is both large enough and there are no strong…

A: It depends on the Macro Environment of the country, which can be done using PESTEL Analysis If the…

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: Emerging Markets   Explain the concept of emerging markets. In your explanation: Define ‘emerging…

A: The world is a combination of various markets. Some are developed markets that are developed whose…

Q: How does the market society ensures that the market is competitive  in nature?

A: The competitiveness of the market depends upon the supply and demand of the market. A competitive…

Q: What market position should we try to establish in our country, in our economic region, and…

A: Positioning of market involves placement of products cautiously in order to avail maximum…

Q: 4-5 Identify consumer and marketer reactions to the state of the economy

A: State of the economy is important from business point of view. Firms have to understand the state of…

Q: Describe how a company produces, delivers, and sells a product or service to create wealth

A: A marketing concept is started from the planning process till the product is sold in the market. An…

Q: what is the definition of nepotism

A: Note: We are authorized to answer only one question at a time. Since it is not mentioned which…

Q: in your opinion, should wealthier people pay more for the exact same products that less fortunate…

A: The disposable income of the people has increased noticeably over the years and their purchasing…

Q: Why is transparency among the people important in the market society?

A: Transparency means being honest towards the operations which one adopts.  It means doing your work…

Q: Define the terem recession?

A: International trade has shown signs of weakness being unusual and persistent recently after growing…

Q: the best method of solving the problem of growing Question 1: Self-employment is unemployment in the…

A: Self employment people are people that don’t work for an employer but work for themselves. They are…

Q: Ikea and Its Mode of Entry

A: IKEA is a Swedish company that has several manufacturing locations in Asian regions and it provides…

Q: Define the term Inflation in marketing?

A: The action or business of promoting and selling items or services, including advertising and…

Q: In order for a market to exisit, there must be a need for a product, ability to pay, willing to buy,…

A: Viable market should be practicable, it should be capable of success and continuing effectiveness,…

Q: How has the coronavirus19 pandemic changed the social norms which shape how we interact with other…

A: Coronavirus is a deadly and highly infectious virus that causes disease. It transmits through…

Q: What are the significant changes in the business environment due to Covid-19?

A: The Covid-19 pandemic situation has not only affected the society and tragic economic losses but…

Q: What are the advantages and disadvantages of keeping up with the current food trends?

A: Trends are the events that go viral for the time due to some attractive facts or quality.

Q: Dynamics of the market Economics

A: Economics means the study of resources of production and producing the best possible result with the…

Q: what is a free rider in an economy

A: The free rider issue is an economic notion of a market failure. Public goods generally encounter a…

Q: Explain the term Market penetration?

A: Market penetration strategy is one of the four business growth strategies identified in the Ansoff…

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: Public-sector economic analysis and decision making is often called “a multi-actor or…

A: Decision making is process of making a final choice from the information gathered and collected…

Economic Trends

An economic trend is the long-term direction of an economy. The trend can go up, down, or sideways. An upward trend means the economy is growing and wages are rising. A downward trend means the economy is shrinking and unemployment is increasing. A sideways trend means the economy is neither growing nor shrinking.