Airfare Daily Deals eCigarettes Eyeglasses Hotels Jewelry Online Backup Online Dating Online Printing Online Tickets Skin Care Textbook Rentals Vitamins Web Hosting Weddings
Find coupons, reviews and similar sites for any retailer
SEARCH
Q&A
Get true answers from experts in Economics & The Economy.
Many recent college graduates are either jobless or underemployed. Graduating from high school, American students are looking at options and choosing a career path. Science and technology are changing so rapidly that many students question what types of jobs will still be available when they graduate. College students are stuck in a limbo - talents and training sometimes do not offset experience.
Published by Marlene Affeld 40 months ago in Economics & The Economy | +0 votes | 0 comments
Industrial hemp has many advantages. It is helpful for the soil, environment and the economy. Yet growing or farming industrial hemp in the United States is illegal. Bills have been introduced to legalize hemp farming and not acted on. It is a great cash crop for small farmers which can be made into many products.
Published by Sam Montana 52 months ago in Economics & The Economy | +10 votes | 3 comments
Whether you're an experienced trader or just starting out, everyone can benefit from useful and profitable stock market advice. There are tons of stock trading strategies out there on the internet to help you increase profits. Below, you will find advice to help you with making the largest possible stock trading profits.
Published by Charles M.R. Bowen 54 months ago in Economics & The Economy | +0 votes | 0 comments
Iso-Revenue Line We have seen that the production possibility curve shows the various combinations of the two goods which can be produced with the given resources. The question remains as to which of these various combinations the firm will decide to produce. Which is considered the most desirable? Surely, the firm will have to decide which combination out of the so many available will be most profitable.
Published by Gazu Lakhotia 58 months ago in Economics & The Economy | +0 votes | 0 comments
Armstrong's Marginal Preference Theory W.E. Armstrong is essentially an orthodox cardinalist and stands in Marshall's tradition. He has forged his own tools to re-establish cardinalism theory is based on two inter-dependent concepts, viz., uncertainty and indifference. We have seen above that the two assumptions on which Neumann Morgenstern's theory is based are: first, the consumer does not regard the object of his choice as 'sure prospects'. Though the nature of the end is certain, ...
Published by Gazu Lakhotia 58 months ago in Economics & The Economy | +0 votes | 0 comments
Meaning of product Function Production function may be defined as the functional relationship between physical inputs (i.e., factors of production) and physical outputs, i.e., the quantity of goods produced. . Thus, the production function expresses the relationship between quantity of output and the quantities of various inputs used in production. The physical relationship between firms’ physical input and output depends on a given slate of technological knowledge. ...
Published by Gazu Lakhotia 58 months ago in Economics & The Economy | +0 votes | 0 comments
Production Possibility Curve We know that the resources, both human and material, at the disposal of the community arc strictly limited and they are capable of alternative uses, whereas we want to produce innumerable commodities, i.e., the ends are unlimited. We have, therefore, to choose the most desirable assortment of goods that we can produce with the resources that we command and with a given state of technical knowledge.
Published by Gazu Lakhotia 58 months ago in Economics & The Economy | +0 votes | 0 comments
Neumann-Morgenstern Statistical Theory There has been a neo-cardinalist revival in recent years as represented by 'he works of Oskar Morgenstern and John Von Neumann. The demand theory formulated by them is considered' applicable to situations involving measurable risk. It’s a statistical theory, because it is based on a number of observations and not on a single act of choice as in Samuelson's or Hicksian theory.
Published by Gazu Lakhotia 58 months ago in Economics & The Economy | +2 votes | 0 comments
Hicks' Revised Theory of Demand Hicks's first theory of demand was presented in his book Value and Capital. He revised his theory and published his book. A Revision of Demand Theory in 1956. Samuelson's revealed preference (R.P.) theory, the growing importance of econometrics and other allied developments led to this revision. In his revision of the demand theory. Hicks emphasized the econometric approach to the theory of demand.
Published by Gazu Lakhotia 58 months ago in Economics & The Economy | +2 votes | 0 comments
Demand Theorem with Revealed Preference Hypothesis It may be noted that there is strong ordering so far as indifference curves themselves are concerned, because each indifference curve represents different level of satisfaction. As between indifference curves, one can at once say which one would prefer the most. But there is a weak ordering so far as the combinations of goods on the same indifference curve are concerned because they represent the same level of satisfaction. Since they ar...
Published by Gazu Lakhotia 58 months ago in Economics & The Economy | +1 votes | 0 comments
Demerits of the Revealed Preference Theory Whereas the R.P. theory has several merits as compared with the earlier theories, it is not free from defects: (1) It is based on strong ordering and as such does not admit of indifference. But since observed choice implies a number of possible alternatives, indifference cannot be ruled out altogether. The consumer is sometimes confronted with alternatives which are equally desirable and he is hesitant to choose between them.
Published by Gazu Lakhotia 58 months ago in Economics & The Economy | +0 votes | 0 comments
Consumer's Equilibrium with Revealed Preference Theory Critical Evaluation Merits In the previous article we have already pointed out some merits of the revealed preference (RP) theory. It is an improvement on the Marshallian utility analysis and Hicks-Allen indifference curve technique in the following ways:— (1) Behavioristic. In the first place, it is behaviouristic and draws the demand theorem from the actually observed behavior of a consumer. On the other ...
Published by Gazu Lakhotia 58 months ago in Economics & The Economy | +0 votes | 0 comments
Revealed Preference theory of Demand This theory is associated with the name of Prof. Samuelson. It is also called the behaviorist ordinal-utility theory. Instead of the unrealistic assumption that the consumers operate with a complete and consistent scale of preferences set out in the form of indifference curves most economists now prefer to analyze situations in which their hypothesis can be tested.
Published by Gazu Lakhotia 58 months ago in Economics & The Economy | +1 votes | 0 comments
Monetary Policy is the government’s process of controlling the supply of money in the country. This process is typically administered by the country’s monetary policy makers like the Treasury in Britain and the Federal Reserve in America. Alongside fiscal policy, monetary policy is one of the two most powerful tools at the government’s disposal in achieving set economic goals like inflation and GDP growth. These goals are often set by the government and it is up to the monet...
Published by Terrence Tan 58 months ago in Economics & The Economy | +0 votes | 1 comments
The Law of Supply and Demand generally affects the rising prices of certain commodities in the market. The increase in price is related to inflation and the economy as a whole. Price increase plays an impact to companies and even individuals. Prices should be controlled at a certain level through a balance in supply and demand known as equilibrium.
Published by Jeanette Dolotina 58 months ago in Economics & The Economy | +0 votes | 1 comments
1 2 3 4 5 6 7 8 9 10 >>