Aggregate demand

Thus, if the demand for the product increases, the organization's response to increased demand will be that they will hire more workers and will produce all. If the demand for the product is reduced, the organization's cash inflows will be reduced because its costs will exceed its profits. The organization's response to this situation will be that they will cut their staff's work to reduce costs. As with demand, there are two things that can happen. When the product supply increases, demand will…

PESTLE Analysis Micro economy factors and macro economy factors can affect all organization. Macro economy, also PESTLE analysis. PESTLE is an analytical tool for strategic business planning. PESTLE analysis known as, • Political • Economic • Social • Technological • Legal • Environment Political After Britain exits from the European Union, Britain become hard relationship with EU country. That affect the private schools. So that it is not easy to get new students from other country.…

In this case, each firm maximizes profit by paying K and L their marginal products, without offering any additional payment for their contribution to technological progress. Learning by doing formed the basis of the first model of endogenous growth theory, which is known as the AK model. The AK model assumes that when people accumulate capital, learning by doing generates technological progress that tends to raise the marginal product of capital, thus offsetting the tendency for the marginal…

OBJECTIVE NUMBER1: TO UNDERSTAND THE MEANING AND CONCEPT OF MONOPOLY {A} Definition: Monopoly is a market structure in which there is a single seller, large number of buyers ; there are no close substitutes for the commodity it produces and there are barriers to entry. The word monopoly is made up of syllables-mono and poly.Mono means single and poly means seller. In simple words, monopoly is that market situation in which a seller has the sole right over production or sale of product and it…

Have you ever wondered how people with difference careers communicate and express how they feel about what they do, how they do it, or what impact they have in society and how it relates to our education? Experts from different fields might study and approach current issues. My issue is: poverty. First, we must understand what an Economist is. An Economist is a Social Scientist, expert in economics. According to “What is Economics”, economics is “the branch of knowledge concerned with the…

In his piece on poor support, David Ellwood argues that clashes/tensions between American values yield three helping conundrums. We want to know, which of these conundrums is most salient today and how might policymakers work to reduce the inherent value tensions? Ellwood mentions three helping conundrums. The first one is the Security-Work Conundrum. He argues that welfare can increase the security of the poor and can also reduce their motivation and likelihood to work. On the other hand, if…

I believe that the purpose of this bumper sticker is clearly to express corporate capitalism. It is, in my opinion, an argument of ethics, reasoning, or logos. Is it ethical, or reasonable, to allow a large corporation, such as coke, to control a larger part of our economic system than the people or government? Nothing to my knowledge provides a more accurate depiction of this problem than a bumper sticker using the iconic enjoy that Coke (a large, multinational conglomerate) so typically, and…

Ticket scalping has been around for many years and is defined as ‘an unsanctioned ticket investor who purchases tickets to an event and resells them at raised prices.’ The action to ‘scalp’ has been referenced as early as 1869 in American English to theater tickets but mostly to that of the 19th century referencing railway tickets. A scalper was a common utterance for “con man or cheater” in the late 19th century. (Scalper) The second-hand market grew exponentially as opportunists realized they…

dealing with several countries which adds vulnerability. Aspects such as economic growth and interest rates are major components in this situation. Interest rates may significantly increase in some countries, causing prices to increase, and therefore, demand to decrease. Yet, if interest rates significantly decrease in these countries, more people will spend which will cause economic growth, and therefore result in inflation. With inflation, aspects such as unemployment may occur since prices…

new sets for most themes every six months. When a set is retailed it has an average shelf life of two years during which the price elasticity of demand remains fairly inelastic. During these two years there are many sets to choose from, choice becomes limited for an individual consumer because products are expensive. It is because of this that the demand is inelastic on the whole for an average consumer because he or she cannot afford to buy multiple sets. Moreover, even though there are many…