Market determine who will get the goods and services, Macroeconomics

Assignment Help:

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 all the individual products in the store to make them and offer them for sale? How did the producers decide on the best combinations of resources to use? 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?


Related Discussions:- Market determine who will get the goods and services

Budget deficit, A budget deficit is defined as: A. accumulated surpluses mi...

A budget deficit is defined as: A. accumulated surpluses minus accumulated deficits. B. a shortfall of revenues compared to expenditures. C. accumulated deficits minus accumulated

Economic cost of your business annually, Suppose that you decide to leave y...

Suppose that you decide to leave your current job(with a salary of $60,000) to start your own business in a building (with a market value of $400,000) you already own. You pay $45,

Flossy''s budget constraint, Flossy has a quasi-linear utility function, 16...

Flossy has a quasi-linear utility function, 16q1^0.5 + q2. The price of good 1 is fixed at one. Thus, Flossy's budget constraint is q1 + p2q2 =Y, where Y denotes income. 6.1 Compu

Benefits of private actions, Public policies often alter the costs and bene...

Public policies often alter the costs and benefits of private actions. Why is it important for policymakers to consider both the direct and indirect effects of public policies? Sel

Scarcity and choice, how to solve problem of scarcity and choice

how to solve problem of scarcity and choice

natural monopoly, 1. Consider a natural monopoly. I. Show graphically a...

1. Consider a natural monopoly. I. Show graphically and discuss how price and quantity are set by the natural monopolist. II. Define the areas corresponding to the consumers'

Money and banking, Suppose the price level in year 2009 is 100 and $100 buy...

Suppose the price level in year 2009 is 100 and $100 buys 100 notebooks that year. If the price level rises to 125 in year 2010, what is the new value or purchasing power of the do

Characteristics of endogenous growth theory, Q. Characteristics of endogeno...

Q. Characteristics of endogenous growth theory? There are many different explanations for technological progress. Most of them, though, have many common characteristics:

Theory of trade cycle, how the theories of trade cycle affects in the busin...

how the theories of trade cycle affects in the business

Example of macroeconomics, Could you please tell me an example and describe...

Could you please tell me an example and describe example of macroeconomics?

Write Your Message!

Captcha
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