An economic indicator is a statistic that indicates the current status of the economy‚ and how the economy will likely perform in the future. Investors and other private or government organizations use this information as a tool to make business decisions. By gathering historical data about the economy and comparing it to current trends‚ you can compile a snapshot of economic fluctuations. The direction of an indicator may vary according to changes in the economy. The indicator can be leading‚
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flow of wealth accumulation per unit of time • The oldest form of exchange is barter‚ which requires a double coincidence of wants • The oldest form of money is commodity money: money is made out of a valuable commodity‚ like gold for example • We now use fiat money: paper money decreed by governments as legal tender • M0: the most liquid form of money and it exclusively includes currency in circulation • M1: includes M0 (currency)‚ checkable deposits‚ and traveler’s
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The Simpson’s’ an American Popular Culture phenomenon? American popular culture has a tremendous effect on the everyday people. The fields of television film and pop music are dominated by media representations produced in the USA. The invasion of the American popular culture has been so powerful that many people get most of their information about the world through American films and television shows. "Popular culture enthusiasts are thus absorbed into a situation where American-made popular
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Article Critique MBA 6008 November 27‚ 2011 Reichheld‚ Fred (2006). The Microeconomics of Customer Relationships. MIT Sloan Management Review. Vol. 47‚ No. 2 Article Summary The purpose of this article author‚ Fred Reichheld discusses the microeconomics of customer relationships. How customer relationships affect a company’s growth rate and the financial performance. Various companies like‚ General Electric Company uses "net-promoter score" as a metric tool to determine the customer
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Professor Frazer Business 100 April 21‚ 2015 Assignment How does microeconomics affect business? Microeconomic is the study of decisions that people and businesses make regarding the allocation of resources and prices of goods and services. This means also taking into account taxes and regulations created by governments. Microeconomics focuses on supply and demand and other forces that determine the price levels seen in economy. Microeconomics looks at how a specific company can maximize its production
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Microeconomics and the Laws of Supply and Demand ECO/365 Principles of Microeconomics August 18‚ 2014 Sam Pirnazar Microeconomics and the Laws of Supply and Demand Abstract The objective of the laws and the supply and demand simulation is to apply the supply and demand concepts to provide a better understanding on how to use the curves in order to figure out the equilibrium in the market for leasing two bedroom apartments. The simulation will help determine the difference
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a whole. Note: the “invisible hand” does not guarantee equilibrium. At the same time‚ it does not imply wealth redistribution – which is the worst thing for any economy. The easiest way to understand wealth redistribution is with the following example: suppose your final average in this class is 90%. Other students don’t work as hard as you and earn much lower grades. Those who advocate income redistribution would say it ’s “fair” to “tax” your grade at a rate of say 30% and distribute the 27 points
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Colombian government has their own government-funded system of financial aid for students. Colombians have to trade in time‚ money and effort in order to earn a better life and a more rewarding job. People Face trade-offs in many ways‚ one great example is in this article. Spring-cleaning‚ which is consider a pain by many but it can make a home feel like new. This article explains different ways to outsource some work without spending a lot of money. You could tag-team with someone‚ family‚ friend
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Introduction: The Dining Out Phenomenon It is no secret Americans love to eat‚ more importantly we love to eat out. Our fast paced society and never ending lists of daily demands makes the choice to eat out an easy one. Clearly Americans of all types‚ families‚ friends‚ young‚ old‚ everyone eats out.” The restaurant industry is projected to make $660 billion dollars in 2013‚ and there are almost a million restaurant locations” (National Restaurant Association‚ 2013). Society has become used to
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Structures in AT&T Tamela Black ECO/365 September 2‚ 2013 Joe Krupka Market Structures in AT&T Microeconomics is a branch of economics that studies the behavior of individual households and firms in making decisions on the allocation of limited resources. Typically‚ it applies to Markets where goods or services are bought and sold. Microeconomics examines how these decisions and behaviors affect the supply and demand for goods and services‚ which determine prices and how
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