Microeconomics

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    2.3.1.2. Economic Factors Affecting Real Property Valuation: Economic influence refers that the value of property is affected by certain economic principles. The most important of this principle consist of commercial and industrial trends, employment trends and wage levels, availability of money and credit, price levels, interest rates and tax burdens. According to Amoh Anti (2003) the study in Sweden concerning property valuation affects national output as measured using the gross domestic…

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    Supply, Demand, and Market Prices are very key to the Economics world. The two, Supply and Demand, impact each other and impact prices of services within an economy and as well as consumer goods. Supply is the amount of a good or service that is obtainable at a certain time to consumers. When we talk about consumers, they reveal attention in buying a good or service, exhaust available supply, the when that happens the demand will certainly rise. Demand is a calculation of consumer wants and…

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    Nike's Market Structure

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    MARKET STRUCTURE Market structure is defined as the organizational and other characteristics of a market. The economist have focused on in describing the market structures are the nature of competition and the mode of pricing in that market as the major characteristics. Market structure also mean that the number of firms in the market that produce identical goods and services. The market structure has a great influence on the behaviour of individuals firms in the market and will affect how firm…

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    The cartoon depicts a market economic system. It highlights the key factors which can influence the entire economic system of a country. The “chop” represents the resources required for the different enterprises (represented by the people seated at the table) to compete. The cartoon also shows that there are limited resources and that each enterprise has to work fast, and smart to succeed. It also highlights the fact that even though all the enterprises are given an equal chance, some are at a…

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    Shampoo Case Study

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    Abstract: The purpose of the study is to examine the factors that affecting the purchasing behavior of a consumer. 1. Introduction: Consumer goods are products that are purchased for final consumption by the average consumer. It can be called as finished goods; consumer goods are the end result of production and manufacturing. Cosmetic products are also one kind of consumer goods. Cosmetic products are defined as any substances or preparations that are intended to be placed in…

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    1. INTRODUCTION 1.1. CONSUMER SURPLUS Consumer surplus is an economic measure of consumer satisfaction, which is derived by analyzing the difference between what consumers are willing to pay for a good or service, relative to its market price. When the consumer is willing to pay more for a given product than the current market price, consumer surplus concept occurs. This is not a tangible surplus. For example, if you are in need of some computer accessories and your budget would be Rs. 15,000…

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    Examples Of Monopoly

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    A market is a system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's citizens and businesses and there is little government intervention or central planning. Different market structures exist because we can't just rely on ONE market to get everything, every market that exist sales at least something similar to the other markets or different. Monopoly is when someone has exclusive possession or control of the supply…

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    Bottleneck Case Study

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    1. What are the methods described in The Goal for identifying a bottleneck? Answer: Methods described in The Goal for identifying a bottleneck are, • Looking at all the different resources and then comparing with market demand. The one in which demand is greater than availability is the bottleneck. Thus bottleneck is defined as the resource such that the capacity is equal to, or less than the demand placed on it. • Using Herby analogy to identify the bottleneck, so bringing experience into…

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    The principle of competitive exclusion, also known as Gause’s principle, tells us that it is impossible for any two organisms to occupy the same niche without one of them going extinct (Hardin 1960; Gause 1934). This principle is easy to see in frugivores, grainivores, and carnivores that use discrete food packets, such as an insect or seed (Hanley 1982). MacArthur (1958) clearly demonstrated that each species is uniquely adapted to their niche and their competitive advantage prevents niche…

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    There are differences in public and private collective bargaining. In particular, there are differences between the ways the agreement is caring out. For instance, collective bargaining in the private sector influences by market forces. The primary concentration is on profit. As a business owner, you want your profit was higher than the expenses. The competition and amount of responsibilities create pressure and many factors like benefits and additional attractive elements are not available to…

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