Video on demand

attracted substantial attention within mainstream economic theory itself (Bauer & Zimmermann 1998:95; Lee 1966:48; Passaris 1989-7), in economics, genral equilibrium theory attempts to explain migration by geographical differences in the supply and demand for labour in economic ideology. The resulting differentials in wages cause workers to move from low-wage, labour-surplus regions to high-wage, labour…

In the case of Udham Singh Nagar the attempt is to identify whether as said by Jonathan Fox, the state does two contradictory tasks, to facilitate capital accumulation with least amount of political legitimacy. With these changes in land ownership by accumulation there has been sharp rise in changes in land uses, directly affecting the socio-economic relationships and political interests in the area. Emerging from the changes are questions on the strategic framework on policy, land regulation,…

John Kenneth Galbraith and Thorstein Veblen both sought to formulate their conception of the role of power in an economic society. In his writing Power and the Useful Economist, Galbraith presents the idea that the state plays a significant role in deciding how the economy spends its productive capacity. In Veblen’s writing The Theory of the Leisure Class, he presents critical thinking and theories that pertain to the habits of individuals in society and their related social norms. Both…

Figure 1.5: value propositions Source: Kotler & Armstrong (2010, 238-240) MORE-FOR-MORE The first possible value proposition is the more-for-more proposition. A brand that opts to use this proposition will be capable to justify an upper price by providing clients with a top level of reimbursements in their product. MORE-FOR-THE-SAME The subsequent proposition is the more-for-the-same option, that provides a buyer more benefits while charges them the equivalent price. The more-for-the-same…

A retail market is nothing but a part of systems, procedures, institutions, social relations and infrastructures where retail business organizations get involved in exchange. Even though companies may follow the barter route for exchange goods and services, the markets follow the literal form wherein sellers offer their goods and/or services including labour in to buyers in exchange for money. It can be said that a retail market is the ecosystem which determines and establishes the prices of…

2.4 Luxury and Sustainability 
On the bases of financial value of a luxury product, consumers are ready to pay a premium price of the goods. These goods are not normal goods as it holds qualities of being luxury with its quality level, scarcity and aspiration. As stated above, luxury deals with scarcity and scarcity is related to something which is on the verge of extension or of a very limited supply. Therefore we can say that if a luxury product is encouraged for a more reasonable price, this…

order to study the relationship between the price and demand of a product I had to calculate the “price elasticity of demand”. I also studied the relationship between the revenue and marginal revenue of a product to form a more in-depth answer to my question. Relationship between Supply and Demand My first step in studying the relationship between the price and demand of an object was to do some research on the basics of economics. The law of demand states that as the price of a product…

surplus of ----------> Fall in ----> demand for -----> restored at full labour) wages labour employment Labour market…

export to other counties where the United States would benefit because of higher prices. Therefore, the two counties participating in the tradeoff result with a net gain. Roles reversed, say the U.S has a higher demand for a certain product they could import the good to meet domestic demand cheaper. Based on the opportunity cost and comparative advantage concept, all countries participating in international trade are highly benefited. As well as participating in international trade would…

those who skipped college and do not have that high paying job that is so sought after. The topic of supply and demand can be applied to most everything when money comes into the equation. When the supply is low or deficient, and demand increases, then the amount of money paid will also increase. On the contrary, if there is a surplus in the supply of an object, the lower the demand and the lower the price. This applies to college in two ways. The first being that college being seen as a…