Microeconomics Reflection
analytical Essay
1401 words
What is Microeconomics? This question was left unanswered when I initially enrolled in this course. Microeconomics is the social science that studies the implications of individual human actions, specifically about how those decisions affect the utilization and distribution of scarce resources. Microeconomics shows how and why different goods have different values, how individuals create more efficient or more productive decisions, and how individuals best coordinate and cooperate with one another. Microeconomics does not try to explain what should happen in a market, but instead only explains what to expect if certain conditions change. For instance, If the price of the new iPhone 8 is higher than the previous model will the consumer buy it? There are several elements that will play into getting an answer for this question, but gives you a general idea of what microeconomics entails.
The definition of microeconomics was presented a high level, and I was still left drawing a blank trying to discover how this method of social science correlated to my everyday life. Starting from week one Professor Julie Pelia assigned us topics that engaged our minds, and I quickly began to see how the various components of Microeconomics fit into my life. This summary of Microeconomics will cover some of
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There are two types of economic systems that a society may adhere to; which are polar opposites. The Command system, also known as communism or socialism. In a command economy, the government owns the majority of the resources, and all decisions for the society is made based on a central plan. The command system has been adopted by countries such as the Soviet Union, China and North Korea. This economic system is commonly used by countries under a dictatorship. Despite the negative aura surrounding a dictatorship this system does have its pros and
In this essay, the author
- Explains that microeconomics is the social science that studies the implications of individual human actions, specifically about how those decisions affect the utilization and distribution of scarce resources.
- Analyzes how the definition of microeconomics was presented at a high level, and how it correlated to their everyday life. professor julie pelia assigned them topics that engaged their minds.
- Explains the two types of economic systems that a society adheres to: the command system and communism.
- Explains that microeconomics is the social science that studies the implications of individual human actions, specifically about how those decisions affect the utilization and distribution of scarce resources.
- Analyzes how the definition of microeconomics was presented at a high level, and how it correlated to their everyday life. professor julie pelia assigned them topics that engaged their minds.
- Explains the two types of economic systems that a society adheres to: the command system and communism.
- Explains the market system, or capitalism, is a privately owned economic system based on markets and price. it is exercised in the united states.
- Explains that supply and demand are arguably the most fundamental concepts of economics and is the backbone of a market economy.
- Explains that oil companies are able to increase their price at will, and the consumer still purchases is due to the elasticity of the industry.
- Analyzes the impact of the philadelphia tax hike on beverages with sugar, which was implemented to reduce the amount of people drinking sugary drinks.
- Explains that philadelphia's neighboring counties allow residents to avoid the beverage tax, which in turn hurts the supermarkets/local stores and ultimately resulted in layoffs and businesses closing due to the decline in sales.
- Explains that a federal tax system consists of two types of tax systems: the progressive system and the flat tax system.
- Explains that wages are the monetary compensation paid by an employer to an employee in exchange for work done.
- Opines that microeconomics on a large scale can be complex, but when you dive deeper into what it involves any and everyone can build some sort of coloration to their everyday lives.
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- Keynsian Economics Essayexplanatory essay...omy. For example, China is considered a communist government. However for their economy to exist in the world market, some private ownership and factories have been allowed to exist with government oversight. And the United States while considered a capitalistic society has such institutions as public schools, energy, medicare, and services which all share in and benefit from equally. All economic systems also have their pros and cons. For example, Capitalism has been accused of ignoring the individual in pursuit of profit. While socialism does not reward the entrepreneur with wealth, but often punishes the rich with crushing taxes. In the end, the best way to understand how economies work in the world today is to research each ones basic history and definition. In this way a person can make an informed decision on what economic system they believe works best
In this essay, the author
- Explains that different types of economic models and theories have been developed throughout history, such as communist countries like china and the soviet union practiced a type of socialism.
- Defines capitalism as an economic system in which a country's trade and industry are run by private organizations for profit.
- Explains that socialism is the exact opposite of capitalism. the government in a socialist state owns most of the industries.
- Explains that different types of economic models and theories have been developed throughout history, such as communist countries like china and the soviet union practiced a type of socialism.
- Defines capitalism as an economic system in which a country's trade and industry are run by private organizations for profit.
- Explains that socialism is the exact opposite of capitalism. the government in a socialist state owns most of the industries.
- Explains that socialism stresses complete equality and offers very little in the way of freedoms or rewards for hard work. laissez-faire economics was popular during the 19th century.
- Explains that keynes' theory of keynesian economics was developed to explain the causes of the great depression.
- Opines that the best way to understand how economies work in the world today is to research each ones basic history and definition.
1047 wordsRead More - What Governments Are "Not"comparative essayCommunism is an economic system where the government owns and operates the means of production and distribution. It is also known as a command system because individuals cannot succeed others, the government controls all. Capitalism is an economic system where private individuals own and operate the means of production and distribution. People have the freedom to own, choose, compete and earn a living but with little or no government help. They have the freedom to own, choose, compete and earn a living. Socialism is a mixed market economic system. The basic means of production is managed and owned by the government, with the public owning and operating many businesses. Cooperation is stressed over competition, goals are high standard of living and economic security and high taxes provide free health care and education.
In this essay, the author
- Explains the differences and similarities between communism, capitalism and socialism.
- Explains that in communism, the government controls the market, while in capitalism, private individuals own and operate many businesses. socialism is different because the high taxes provide free health care and education.
- Describes some examples of communism, such as the old soviet union, cuba, and china because the government controls all.
- Explains the differences and similarities between communism, capitalism and socialism.
- Explains that in communism, the government controls the market, while in capitalism, private individuals own and operate many businesses. socialism is different because the high taxes provide free health care and education.
- Describes some examples of communism, such as the old soviet union, cuba, and china because the government controls all.
- Concludes that communism is a command system controlled by the government completely and this system has had poor results. socialism and capitalism both have goals of high standard of living and economic equality.
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In this essay, the author
- Analyzes how cocktail party economics, by eveline adomait, and richard maranta, satisfies as an economic training book, helping readers understand the concepts of basic economics.
- Explains that demand is directly relatable to the scarcity of an item. if only 20 paintings were available, there would be a much greater demand than if you could purchase them easily at your local art gallery.
- Explains that economics look at the production of any good, whether it’s a service or physical product, as an opportunity cost.
- Analyzes how cocktail party economics, by eveline adomait, and richard maranta, satisfies as an economic training book, helping readers understand the concepts of basic economics.
- Explains that demand is directly relatable to the scarcity of an item. if only 20 paintings were available, there would be a much greater demand than if you could purchase them easily at your local art gallery.
- Explains that economics look at the production of any good, whether it’s a service or physical product, as an opportunity cost.
- Explains that absolute advantage refers to the ability of a party to produce better product or service than its competitors even if they are using the same resources.
- Explains that profit-minded business owners cause markets to equilibrate, while economic equilibrium is a state where economic forces like supply and demand are balanced and values of economic variables do not change.
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In this essay, the author
- Explains that macroeconomics studies the economy as a whole, while micro economics focuses on supply and demand and forces that affect price in an economy.
- Explains that the laws of supply and demand assume people will act rationally and there is not an intangible force driving consumers to purchase goods or services at an otherwise unstable price.
- Analyzes how price affected the shift in the demand and supply curves. apartments were easier to rent at a lower price, but the supplier, good life, would incur additional overhead costs per apartment.
- Explains that macroeconomics studies the economy as a whole, while micro economics focuses on supply and demand and forces that affect price in an economy.
- Explains that the laws of supply and demand assume people will act rationally and there is not an intangible force driving consumers to purchase goods or services at an otherwise unstable price.
- Analyzes how price affected the shift in the demand and supply curves. apartments were easier to rent at a lower price, but the supplier, good life, would incur additional overhead costs per apartment.
- Analyzes how macroeconomic concepts are intertwined with micro economic concepts to understand factors that affect shifts in supply and demand on the equilibrium price and quantity.
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In this essay, the author
- Explains that economic systems are affected by capitalism and communism, but both affect the lives of people in good and bad ways, affecting industrialized nations.
- Explains that capitalism met the needs of people because the right to property was created. the bourgeoisie owned the factories and earned all of the money from their products.
- Explains that communism is created because of the unfairness of capitalism. it is the study of how everyone is at peace and works together.
- Explains that economic systems are affected by capitalism and communism, but both affect the lives of people in good and bad ways, affecting industrialized nations.
- Explains that capitalism met the needs of people because the right to property was created. the bourgeoisie owned the factories and earned all of the money from their products.
- Explains that communism is created because of the unfairness of capitalism. it is the study of how everyone is at peace and works together.
- Opines that a capitalist system would be more effective in an industrialized nation because if the society was communist, no one would come up with new and improved ideas.
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- Explains that macroeconomics is the study of the economy as a whole, i.e., the causes and relationships between important economic indicators such as unemployment, inflation, and the aggregate level of output or income.
- Explains that every legal citizen of the united states has the power to vote starting at their eighteenth birthday. local elections, state elections and federal elections all play a roll in that person’s life.
- Opines that macroeconomics has furthered their understanding for informed citizens. the state of the nation's economy affects everyone, from multibillionaires to the lower middle class.
- Explains that macroeconomics is the study of the economy as a whole, i.e., the causes and relationships between important economic indicators such as unemployment, inflation, and the aggregate level of output or income.
- Explains that every legal citizen of the united states has the power to vote starting at their eighteenth birthday. local elections, state elections and federal elections all play a roll in that person’s life.
- Explains that the senate confirms presidential nominees to the board of governors of the federal reserve system. monetary policy is essential to assure economic stability.
- Opines that informed citizens should understand the process of the federal reserve and hold them to achieving their goals of full employment and controlled inflation.
- Explains that the fed's main function is to set key interest rates which will impact the rest of society. citizens must pay attention to their actions to maximize profits and minimize debt.
- Opines that individuals should be able to inform themselves of future economic conditions by understanding basic economic indicators.
- Explains that the federal government's spending helps the nation more than the tax multiplier assuming for little to no government corruption. citizens should not simply vote for someone because they are running on tax cuts.
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980 wordsRead More - Basic Microeconomicsanalytical essayFor the pricing strategies of drugs, the market has seen a trend toward rising prices overall. Part of the rise may be due to the influx of new technology, but overall, the prices are rising at an increasing rate (Chandra). This raises substantial concerns in the health economics community dealing with drug commercialization. Basic microeconomics explains the relationship of supply and demand with the pricings structure of consumer goods. Changes in either supply or demand have an effect on the market or equilibrium price, and a consumer’s decision is majorly based on willingness to pay. Thus, it is necessary to focus on cost reduction to stabilize demand.
In this essay, the author
- Explains that the market has seen a trend toward rising prices overall. this raises substantial concerns in the health economics community dealing with drug commercialization.
- Analyzes how the price of a 62-year-old drug increased overnight from $13.50 to $750 — it treats parasitic infections for babies, people with compromised immune systems, and patients with malaria.
- Explains that the demand curve for drugs is relatively inelastic when the patient is sick, so price changes have little effect on the purchasing decisions of consumers. companies can take advantage of their monopoly power in the market.
- Explains that the market has seen a trend toward rising prices overall. this raises substantial concerns in the health economics community dealing with drug commercialization.
- Analyzes how the price of a 62-year-old drug increased overnight from $13.50 to $750 — it treats parasitic infections for babies, people with compromised immune systems, and patients with malaria.
- Explains that the demand curve for drugs is relatively inelastic when the patient is sick, so price changes have little effect on the purchasing decisions of consumers. companies can take advantage of their monopoly power in the market.
- Explains that with normal demand, if price goes up, demand will go down. consumers can choose to shop around for other treatment options such as generics as a substitute.
- Explains that a large number of pharmaceutical manufacturers make it difficult to secure low prices for suppliers. the supply chain dynamic has created three transaction areas of particular interest: from manufacturer to wholesaler, from pharmacy to patient.
- Opines that insurance companies influence demand through prices, stating that when patients are responsible for a larger portion of the cost, they are less likely to utilize health care services.
- Analyzes how insurers are losing out because they have to cover the cost of the drug or fight for a discount.
- Concludes that the twisted cost structure of drug pricing demonstrates that rising prices are due to a variety of factors. by focusing on cost minimization, manufacturers should be able to cover cost of research and development while still charging reasonable prices.
- Narrates how technological growth and expenditure in health care are discussed in the new york times.
704 wordsRead More - Government Interventionargumentative essayFor many nations, it is essential to choose a system of organization that successfully and thoroughly meets the needs of all the people. While some countries have supported the idea of communism and strong government intervention in the economy, others have limited the role and power of their governing body in the marketplace. For instance, in the United States, the government has a small role in the planning and monitoring of their economy. Individuals compete heavily against one another to receive the maximum profit for themselves in an sufficient manner. The former USSR, on the other hand, used large amounts of government control to restrict competition and control the output and distribution of the goods they produced. While each country attempted to form a successful economic system for their nation, the systems that they chose to use and the amount of government intervention within these plans varied greatly.
In this essay, the author
- Explains that the united states was confronted with high inflation and decreased consumer spending. reagan's ideas to reduce government involvement in the situation helped to improve economic conditions.
- Explains that the ussr has been known to heavily involve the direction of the state in the planning of former economic systems.
- Explains that stalin's goal was to increase production within his nation, but he planned to do so with complete control over every aspect of the people and the economy.
- Explains that the united states was confronted with high inflation and decreased consumer spending. reagan's ideas to reduce government involvement in the situation helped to improve economic conditions.
- Explains that the ussr has been known to heavily involve the direction of the state in the planning of former economic systems.
- Explains that stalin's goal was to increase production within his nation, but he planned to do so with complete control over every aspect of the people and the economy.
- Explains that true capitalism involves no government involvement, but it is impossible to create a society in which government does not participate in the economy at all.
- Analyzes the differences in government control between the ussr and the united states of america, stating that little government restriction is most effective for a successful economy.
- Compares the ussr's economic system with that of the former soviet union.
- Explains that limited government involvement in an economy can result for positive outcomes in a crisis, but it can also affect the type of goods that are produced.
1842 wordsRead More - Weaknesses Of The Command Systemanalytical essayThe command system, also known as communism/socialism, the government owns most of the property resources and decisions are made under a central plan. This central plan makes decisions on the use of resources, the formation and distribution of output, and the organization of production. “The plan is implemented through laws, regulations, and directiveness. Businesses follow production and hiring targets.. And seek to replace the forces that operate in a free market economy.” (Amadeo 1) There is public ownership of property. This system also incorporates individual choices which is reflected in the central planning. Many limitations are involved which somewhat causes a problem.
In this essay, the author
- Explains the command system, also known as communism/socialism, where the government owns most of the property resources and decisions are made under a central plan.
- Explains the defining characteristics of the command system: the central authority does the decision making since resources are limited but the choices are made at government level not individually.
- Opines that the government is the reason why the system hasn't been successful, leading countries to abandon it and switch over to a free market or mixed economy.
- Explains the command system, also known as communism/socialism, where the government owns most of the property resources and decisions are made under a central plan.
- Explains the defining characteristics of the command system: the central authority does the decision making since resources are limited but the choices are made at government level not individually.
- Opines that the government is the reason why the system hasn't been successful, leading countries to abandon it and switch over to a free market or mixed economy.
- Explains that the free market system, also known as capitalism, is based on supply and demand with minimum control of the government or no control.
- Explains the characteristics of the market system, including the private ownership of property, which allows for the freedom of choice and interprise, and participants act in their own self-interest allowing individuals to seek to achieve their economic goals.
- Explains that capitalists address the fundamental economic questions of what to produce, how to production, and who gets what through the following.
- Argues that the free market system appears to have become the dominant system used to organize economic activities because of the expansion that individuals have the freedom of choice as well as the trust they have gained through the mutual feeling of benefiting from exchange.
- Explains that most of the economy is in the ‘public’ sphere. flaws from the capitalist system include: people without resources to sell will starve, producers try to monopolize markets, the production and/or consumption of certain goods involve side effects that can harm or benefit people involved.
- Analyzes the flaws in the command system, including inefficient resources being used, wasted resources due to no particular ownership, central planning reflects the preferences of central planners rather than of the society, government ownership of production can limit the variety of products and individuals having less freedom in making economic choices.
- Opines that the capitalist and command system are opposites of each other. if both systems collaborated, it might work for the country.
- Explains that many economies in recent times have developed into the mixed economy because they don't necessarily classify themselves as being part of the free market system or the command system.
1024 wordsRead More - Microeconomics Case Studyexplanatory essayIn Microeconomics, there are many subjects that gave me interest in investigating to progress in my professional career as an Accountant. For three years and throughout this semester, my studies in Accounting at Dalton State College have given me more interest getting into the business program to get a job as finance accountant. Microeconomics shows which cause a departure from these economic efficiencies and the result in the decline of the social welfare at its maximum level. Economic efficiency involves in three efficiencies; efficiency in production, efficiency in the production of goods among the people, which it is also called efficiency of consumption, and allocative economic efficiency that’s in the direction of production efficiency.
In this essay, the author
- Explains that their studies in accounting at dalton state college have given them more interest getting into the business program to get a job as finance accountant.
- Explains that production efficiency is a situation in which the economy could not produce any more of one good without sacrificing production of another good.
- Explains that consumption efficiency is a ratio formula that is also involved in the business economy and the economic efficiency.
- Explains that their studies in accounting at dalton state college have given them more interest getting into the business program to get a job as finance accountant.
- Explains that production efficiency is a situation in which the economy could not produce any more of one good without sacrificing production of another good.
- Explains that consumption efficiency is a ratio formula that is also involved in the business economy and the economic efficiency.
- Explains that allocative efficiency is a state where no possible reorganization of production resources can make consumers better off without making other consumers worse off.
- Explains that microeconomics illustrates the cause of departure from the economic efficiencies and the result of decline and social welfare at its maximum potential even though economic efficiency shows us the way of how the economy works.
729 wordsRead More - Microeconomics Todayexplanatory essayMicroeconomics has an impact on local businesses, that are part of the small economy of a city or a town. The politics of Microeconomics, is what makes our country tick. Small businesses
In this essay, the author
- Explains the difference between macro and microeconomics in the united states, stating that the government can regulate the buying and selling of products, foreign or domestic.
- Explains that microeconomics is the branch that observes the actions of an independent or a conglomerate in review of actions that the economy makes.
- Explains that macroeconomics is the branch of government that helps with the national economics of the united states.
- Explains the difference between macro and microeconomics in the united states, stating that the government can regulate the buying and selling of products, foreign or domestic.
- Explains that microeconomics is the branch that observes the actions of an independent or a conglomerate in review of actions that the economy makes.
- Explains that macroeconomics is the branch of government that helps with the national economics of the united states.
- Opines that microeconomics and macro economics are the wagon wheels that keep our country going. without them, this country would fall apart.
544 wordsRead More - Dead Economists Summaryopinion essaySo we looked at being different and the importance of working through the why we do things the way we do with items and services. If not, we learned, who we are and why we buy, more than what we are and where we buy – something most like to perceive economics to be.
In this essay, the author
- Describes the ideas of economics and how the economic greats, adam smith, thomas malthus, david ricardo, john stuart mill, karl marx, and milton friedman changed the way we would forever do business.
- Explains that adam smith was one of the greatest economics minds that have ever existed, teaching us that our wealth is not just in gold and silver but in the products that we produce and commerce we engage in.
- Explains that the united states government expects the same mantra when formulating the consumer preference index to help adjust interest rates and overall rates that help dictate our lives.
- Describes the ideas of economics and how the economic greats, adam smith, thomas malthus, david ricardo, john stuart mill, karl marx, and milton friedman changed the way we would forever do business.
- Explains that adam smith was one of the greatest economics minds that have ever existed, teaching us that our wealth is not just in gold and silver but in the products that we produce and commerce we engage in.
- Explains that the united states government expects the same mantra when formulating the consumer preference index to help adjust interest rates and overall rates that help dictate our lives.
- Opines that thomas malthus' ideas do not apply to the world today. he wanted to explain the success of people in a population.
- Explains that the government, like most organizations, is created to help spread out the risk and truly make a better life for its patrons.
- Analyzes david ricardo's idea of labor theory of value, where the profit of the economy is based up on the labor needed to produce food for people.
- Opines that food should be untouched in marketing will bring down overpricing, overvalued, and unobtainable products in the industry.
- Opines that ricardo was on key when creating a economy that wasn't over inflated or bloated in any terms. the constant reminding voice of freedom is something that many people choose to hold dear.
- Explains that john stuart mill preached the beauty in having a society that offered freedom to people, that freedom would in turn give them power to buy, sell, and trade.
- Explains that mill believed in inheritance tax, mandatory educational standards, contract and property rights not being included in freedoms offered.
- Argues that the ideals and concepts of karl marx might lead to the deifying on freedom in the usa. marx believed in communism, where everything is shared for the betterment of the society.
- Opines that marx created a society where most worked towards the common good instead of themselves, causing all to be successful and above all happy.
- Explains that john maynard keynes helped many economists to think outside the box, like the revolutionary war shot heard around the world, and brought about an age that many people tried to change economics for the better.
- Explains that milton friedman was the most brilliant and different mind of economics in the 20th century. he was a strong supporter of the free market system and the choices we have today.
- Analyzes the need for a better economic system, one that needs no interference, and needs larger organization involvement.
- Opines that they have learned from reading new ideas of dead economists the importance of not having a larger entity forcing and playing their opinions and decisions.
- Explains that they looked at being different and the importance of working through the why we do things the way they do with items and services.
1150 wordsRead More - Microeconomics Questionsopinion essaya. If we do not have scarce resources, will we have a law of demand? Will we observe price rationing for goods?
In this essay, the author
- Explains that demand curve points move closer together at the two points.
- Explains that this formula is used when there is a change in price and quantity, which allows arcs.
- Opines that drug addicts don't have the money for food and other essentials.
- Explains that demand curve points move closer together at the two points.
- Explains that this formula is used when there is a change in price and quantity, which allows arcs.
- Opines that drug addicts don't have the money for food and other essentials.
- Opines that if marginal profit is zero, it must reach a maximum where marginal profits are zero.
- Opines that the intersection of mr and mc (where zero profit is collected and any further) was a zero-profit intersection.
- Explains that demand curve of this market is the horizontal line, indicating the demand is perfectly price.
- Analyzes the law of demand, which states the relationship between quantity demanded and price.
- Compares two straight-line demand curves with the same intercept on the vertical axis, with one curve flatter than the other.
- Explains that higher elasticity means a larger response in demand with price, which is illustrated by curve b. brand loyalty, with consumers sticking to one brand all the time.
- Explains that the price elasticity of illegal drugs is less than one, which is inelastic because drug addicts are willing to pay anything to get their hit that they crave.
- Explains that drug addicts are going to pay for the drugs regardless of the price, which means that total expenditure of users will increase.
- Explains that where the marginal product of a unit of labour is at its highest, the cost of producing an extra unit must be at the minimum.
- Explains that when one employee is working, output goes from 0 to 10 deck chairs per day with a marginal cost of $10 ($100/10).
- Explains that the minimum mc is equivalent to the maximum mp. when funstar use a third employee, mp increases 10 (5 less than the second employee).
- Explains that the atc curve takes shape from afc and avc. the average total cost (atc) is the sum of average fixed costs and average variable costs.
- Explains that both margins are based on one extra unit in order to show the profit or cost.
- Explains that no matter how large the company or how much market share it owns, they will always be trying to cut costs. this is no different for monopolies.
- Opines that businesses are ruthless in their attempt to maximize profit, and it is very unlikely that they can produce with zero marginal cost.
- Explains that in a monopoly market, one business owns the entire market share, and it is extremely hard for another business to enter the market.
1806 wordsRead More - Micro and Macro Economicsexplanatory essayMicroeconomics is the study of an individual economy, or of the different segments within the larger economy, while macroeconomics is the study of aggregate economic behavior, or the economy as a whole(Madura 103). The main goal of macroeconomics is to determine the impact of consumer spending on total output, employment, and prices.
In this essay, the author
- Explains that economics is the study of how to best allocate scarce resources among competing uses.
- Explains that microeconomics is the study of an individual economy, or of the different segments within the larger economy. the macroeconomic goal is to determine the impact of consumer spending on total output, employment, and prices.
- Explains that economics is limited by the available resources that are used to produce goods and services. land, labor, capital, and entrepreneurship are the factors of production.
- Explains that economics is the study of how to best allocate scarce resources among competing uses.
- Explains that microeconomics is the study of an individual economy, or of the different segments within the larger economy. the macroeconomic goal is to determine the impact of consumer spending on total output, employment, and prices.
- Explains that economics is limited by the available resources that are used to produce goods and services. land, labor, capital, and entrepreneurship are the factors of production.
- Explains that opportunity costs are the products that are given up for another product. production possibilities are alternative combinations of all final goods and services that can be produced in a given time period.
- Explains that the main objective of economists is to maintain maximum output in production. smith believes that there is an invisible hand of economics that acts as the decider to all the basic three economic questions.
- Explains that there are many opportunities for jobs, for those with an economic degree. the average starting salary for an economist starts around $27,000, which is not as good at the salaries of marketing and accounting.
569 wordsRead More