You are welcome to ask any questions on Economics. Though you might also like to try google custom search (top right) to see if the topic has been covered before.
I am looking to explain economic principles / ideas/ recent developments in economics. I can’t promise to answer, but will try if it meets the criteria below.
- Please don’t ask me to do your coursework / assignment e.t.c. (I can usually tell if it is a homework question!)
- Please don’t ask any maths calculations.
- The question and answer will be published here so that everyone can see it (including your teacher!)
- I aim to try and simplify economics; as a rough guide, I would aim at an understanding similar to a good British A Level student.
- I am looking to explain economic principles/ideas/ recent developments in economics.
- I will answer as a new post, if you leave email address, I’ll usually send quick email. Check home page of blog for new post. With question and answers
Add comment at bottom of post.
can you explain the following with simple words?
very short run
short-run
long run
very long run
For sure it is a little challenging bt i will try it out
in the long run, will monopolistic competitive company operate in a region where economies of scale exist?
No, because the monopolistic competition market has 1) many sellers and 2) ease of entry and exit, it is very much impossible for firms to become large enough to experience full economies of scale. Demand is distributed amongst firms so that their output does not yield a level which allows them to operate on the minimum efficient scale in the long run, assuming that they are profit maximisers. To enjoy economies of scale, you must be a large firm like Amazon, which is essentially, a monopoly. Firms in the monopolistic competition market are the likes of restaurants, barbers, and your daily non-branded shop. They will never achieve economies of scale.
Hi, how to answer when people ask ” How is the economy now?”
What are the variables that we need to include to explain on that?
The major advantage of privatization is to improve efficiency and effectiveness of the Enterprises, do you agree to that or not? buttress your argument
What are the concept of manufacturing value added
What are the concept manufacturing value added
Please what is Quasi-General Equilibrium?
Can you explain what the multiplier is and why it is important for economic planning?
The characteristics of duopoly
What are the theories of standard of living
What are the advantages of expansionary fiscal policy
What is the importance of the study of international trade ?
Consult current newspapers and financial magazines and identify to newsworthy people
The MPC takes a very wide range of information into account when setting interest rates. This can broadly be categorised into factors affecting the demand side of the economy and those affecting the supply side. Some factors affect both the supply and the demand side.
Explain how each of the following will impact on the price level/inflation. Complete the missing rows with some of your own information ideas.
what are the 3 main causes of inflation and what are its impact on the economy