What is market competition? Why is it important to understand it in terms of economics? What is market competition? Market competition is the process that reflects the trends of buyer and seller into the market. Market competition can also include …
It’s no secret that big economies poised for rapid growth need robust infrastructure. More factories will lap up more electricity from power stations. The goods they churn out will need to be shipped through a wider network of roads, railways, …
Why more investment in infrastructure might improve the stability of India’s government. Read more »
Why more investment in infrastructure might improve the stability of India’s government. It is very clear to understand that the economic development and the infrastructure are important for each other. The basic infrastructure of any country includes the roads, railways, …
Why more investment in infrastructure might improve the stability of India’s government. Read more »
Discuss how the drastic decrease in home construction from 2007 to 2008 affected the GDP. As due to the decrease in home construction, it directly affects the economy, firstly it lowers the value of all homes, whether owners are actively …
Explain how globalization has caused some goods to be cheaper. Globalization has caused some goods to be cheaper Globalization has increased competition among the companies and increases the overall scale of business operations. Moreover, the countries are connected with each …
Globalization has caused some goods to be cheaper. Read more »
Explain how globalization has caused some goods to be cheaper. Globalization is the process where the economies of various countries in the world become more and more connected to one another. In a globalized economy, people from one country can …
Explain how globalization has caused some goods to be cheaper. Read more »
What happened to government regulation in the aftermath of the oil shock of 1973? In 1973, the Organization of Petroleum Exporting Countries (OPEC) had refused to export the petroleum supplies to the United States and its allies because of the …
What happened to government regulation in the aftermath of the oil shock of 1973? Read more »
When music downloading was introduced, what impact did that have on the demand curve for CDs? Explain. Simply, due to the introduction of the downloading music, the demand for the CDs decreases as downloading of music is cheaper, faster and …
When music downloading was introduced, what impact did that have on the demand curve for CDs? Explain. After the introduction of music download system, the demand for CDs and for other music system has decreased because people shift towards the …
Basic Economics Sample MCQs Course Basic Economics Sample MCQs Question Completion Status: QUESTION 1 If a 2 percent change in price is followed by a 10 percent change in quantity sold, the coefficient of price elasticity is …
