Scarcity of resources apply to economic decisions

Assignment Help Business Management
Reference no: EM131348108

What are economic resources, and how does scarcity of resources apply to economic decisions? Think of a business firm you recently visited (such as Walmart, Home Depot, Red Lobster, Barnes & Noble, McDonald's, etc.). What motivated the producers of each of the products in the store to make these and offer for sale? How did the producers decide on the best combination of resources to use for producing each product? Who made those resources available, and why? How does the market determine who will get the goods and services? Who decides whether these particular products should continue to be produced and offered for sale? How do these decisions differ between capitalist and socialist systems?

Reference no: EM131348108

Questions Cloud

Explain the environmental situation in india : Sustainable development is focused on three priorities: 1) maintaining the ecological system; 2) providing for the sustainable use of resources; and, 3) maintaining biodiversity (Griffiths, O'Callaghan and Roach 2008).
Discuss ways modern belief systems : Discuss ways modern belief systems, secular or religious, function for modern cultures in a similar fashion - Explore heading as the basis of your response
What is the initial cost of the plant-equity externally : Sheaves Corp. has a debt−equity ratio of .9. The company is considering a new plant that will cost $108 million to build. When the company issues new equity, it incurs a flotation cost of 7.8 percent. The flotation cost on new debt is 3.3 percent. Wh..
Distributors of back belts and list ten benefits : Search the Internet to find five distributors of back belts and list ten benefits they claim for these products. (Submit up to a page and the links to your sources).
Scarcity of resources apply to economic decisions : What are economic resources, and how does scarcity of resources apply to economic decisions? Think of a business firm you recently visited (such as Walmart, Home Depot, Red Lobster, Barnes & Noble, McDonald's, etc.).
Determine the actual power output from the expander : Determine The actual power output from the expander.- The actual power input to the compressor.-  The coefficient of performance of the unit.
What is the current yield to maturity for bonds : Eight years ago, Camerson and Co. issued 25-year coupon bonds. The yield to maturity at the time of issuance was 8 percent and the bonds sold at 110% of par value. The bonds are currently selling at par value. What is the current yield to maturity fo..
Prepare managers for international assignments : Describe each type of cultural training used to prepare managers for international assignments. What are the important traits for a good expatriate? What is the difference between expatriates and in-patriates?
Calculate the value of the armature resistance : A generator produces an armature current of 50 A when generating an emf of 400 V. If the terminal p.d. is 390 V

Reviews

Write a Review

Business Management Questions & Answers

  List and record each transaction for s zee outpatient clinic

List and record each transaction for S. Zee Outpatient Clinic under the accrual basis of accounting at December 31, 20X1. Then develop a balance sheet as of December 31, 20X1.

  Management maturity model and why benefits organizations.

Describe the project management maturity model and why it benefits organizations.

  Coaching or mentoring activities

What training, coaching or mentoring activities could an organisation provide for employees? Discuss in 80 to 100 words.

  Develop a server malware protection policy

Based on your assessment of the security breach and interviewing the staff in the scenario, develop a server malware protection policy that accounts for the concerns of the stakeholders involved in mitigating the risk of a malware attack; network ..

  Subject innocent or guilty

Identify the primary ethical dilemma or challenge faced by the case's main character or organization Innocent or Guilty?"

  Thoughts about ethics and fairness in managerial decision

Describe your thoughts and feelings about ethics and fairness in managerial decision-making.

  Distinguish between agency theory

Distinguish between agency theory stakeholder theory, and stewardship theory with respect to controlling the actions of managers.

  Legal impact on the community

Identify one major local social issue currently being addressed by the local elected officials (major, governor, or town council). What ramifications does this issue have on the local population? Does this issue have any legal impact on the communi..

  Upset and promised to sue the company

The Asian lady was upset and promised to sue the company. Does she have a case (can she possibly win)?

  Call option price using binomial model

The price is expected to either increase by 8% or decrease by 4% at the maturity of options. If the risk free rate is 4%, calculate the call option price using binomial model.

  Course content on event planning

You are preparing a risk management plan for a prestigious event which you are organizing (feel free to choose the type of event to organize). Based on the course content on Event Planning

  What lessons does eclipse failure have for entrepreneurs

What lessons does eclipse failure have for entrepreneurs who are studying the industry or industry they are about to enter.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd