The author of this paper "Economics Issues" casts light on certain economics issues. According to the text, equilibrium in the capital market is defined by the rate of interest at which savings and demand for loanable funds are equal…
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Consumers play a key role in perpetuating discrimination in the labor market through their choices and consumption patterns. If consumers prefer one commodity over another, they will lower demand in that labor market in which they do not prefer their goods. Consumers play a key role in perpetuating discrimination in the labor market through their choices and consumption patterns. If consumers prefer one commodity over another, they will lower demand in that labor market in which they do not prefer their goods. The law of diminishing marginal utility states that as consumption of a given commodity is increased by an individual while keeping the consumption of other products constant, there will be a decline in the marginal utility of the individual that is derived from the consumption of each and every additional unit of the product. The law of diminishing marginal utility does not contract the notion that individuals always want more of all goods because they are limited by their budget constraint hence they cannot acquire all that they want at any given instance. Properties of indifference curves(a) NonintersectionIndifference curves cannot intersect each other because, at the point of tangency, the curve on the higher side will yield much more of the two commodities as compared to the lower curve hence they can never intersect. (b) Convexity to the origin(c) The higher the indifference curve, the higher the level of satisfaction. The consumers will prefer to choose higher indifference curves since they aim at maximizing their utility. (d) Negatively sloping. The indifference curves are negatively sloping because the consumer must give up the consumption of one commodity in order to consume more of the other commodity.
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The article above states that there are 6 major companies, which dominates the agricultural chemical market, therefore, this shows that there are a few firms between which shares a large proportion of the industry (Lipsey & Chrystal, pp. 176-177, 1999). In an oligopoly, the firms might produce a virtually identical product that in this case is the agricultural inputs such as the world’s seed, pesticides, and biotech industries.
The Chinese hand down their savings from generation to another, language barrier, slow response, gender differences, and social relationships. The Chinese make savings for future use, which are also passed over from one generation to another. This tradition of saving for future generations reduces their purchasing power.
Traffic Congestion Similarly is an Externality, those people because of who the traffic jam or traffic congestion is taken do not take into account the problems it has created for other car that has been stuck into the jam and only calculate or look at the problems they bear due to the jam.
Today, when the boundaries of the economic studies gradually expand, scientists slowly come to realize that the discussion of economic issues and concepts requires better systematization. As a result, it would be fair
The ESRD program has been appreciated in several occasions as a success story and earning significant criticism for creating high tax burden with increased mortality rate ("Baxter announces the launch..." 2003). Original