What is the best way to generate goods and services

Reference no: EM132984890

a. Due to scarcity of goods and services, What is the best way to generate goods and services?

b. Economists propose the term of opportunity cost, which is possibly the most significant term in all of economics, in the perspective of shortage. The value of the best option foregone in making a decision is known as opportunity cost, Any option will suffice.And give the example of this

c. Discuss the Economic Point of View in a real world

d.Explain Three characteristics differentiate the economic strategy to selection from other gender studies approaches to decision.

e. I s the The Value of Opportunity Costs significant ?

f. Economists who work for businesses and government organizations occasionally estimate economic activity to help their companies plan.

They also use economic analysis to examine the activity of businesses or government bodies.which they consult or work for Economists who work in colleges and universities

Universities are places where students can learn and perform research.explain its Economic Principles in Other Fields

g. critically discuss the Idle Production Factors in the economy with full implications

h. Examine the enormous increases in intellectual resources that have happened recently since before the turn of the millennium. In 1900, only approximately 3.5 percent of American employees had completed high school.By 2006, the rate had nearly doubled to 92 percent. Approximately 1% of the workforce having graduated from university in 1900; only 3.5 percent had done so in 1940.I completed my college education. By 2006, about 32% of the population had completed their education.Younger employees have got greater training in addition to being better educated and improved on-the-job education Companies bring a lot more money to the table.Workers nowadays bring more information and skills to their jobs than employees a century earlier.There is Economic Growth in this context , What Causes It?

i. discuss the U.S. Economic Growth between 1948 and 2002

j. Explain the production possibilities curve and its two particularly important qualities.

k Discuss the "Simultaneous factors that led sto Decreases in Demand and Supply

Reference no: EM132984890

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