Q-4) what does “equilibrium price and quantity sold” mean? Are markets always in equilibrium? What happens when they are not? On the supply and demand graph‚ there is one point at which the supply and demand curves intersect. This point is called the market’s equilibrium. The price at this intersection is called the equilibrium price‚ and the quantity is called the equilibrium quantity. The equilibrium is a situation in which various forces are in balance‚ so in market’s equilibrium‚ the equilibrium
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Economics is the social science that studies the behavior of individuals‚ households‚ and organizations (called economic actors‚ players‚ or agents)‚ when they manage or use scarce resources‚ which have alternative uses‚ to achieve desired ends. Agents are assumed to act rationally‚ have multiple desirable ends in sight‚ limited resources to obtain these ends‚ a set of stable preferences‚ a definite overall guiding objective‚ and the capability of making a choice. There exists an economic problem
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Economics | | |Sr. No. |Core Areas |Percentage | |1. |Micro-Economics |15% | |2. |Marco-Economics |15% | |3. |Econometrics
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Leadership and Management Traits and Theories Cheri Adams HCA340: Managing in Health & Human Services Instructor: Celya Tilley October 3‚ 2011 Leadership and Management Traits and Theories An article from The Leadership Quarterly reported on a study: found that by and large‚ many bosses today are dishonest with and about their workers. The study specifically pointed out some damming evidence reported by workers about the honesty of their bosses: • 39% said their supervisors
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Tom Buchanan is a super-rich‚ hyper-masculine‚ aggressive thirty years old married man‚ who inherited his money from his parents. Not the most likable of the characters of the book and we don’t get a chance to see him in a more sympathetic way. He belongs to a so-called "old money" group of people‚ class‚ which families are well known and respected. When tom was young‚ he moved to east in order to attend Yale university‚ where he also met his wife’s cousin Nick Caraway at the University’s social
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SERVICE DOMINANT LOGIC: AN ANALYSIS OF UNIVERSAL STUDIOS ORLANDO The following paper aims to analyze a current conglomerate in the light of modern marketing theory‚ using the collection of articles provided by Jonathan Schroeder as a conceptual platform to make evident the application of theory to practicality. The Oxford English Dictionary defines marketing simply as the promotion or selling of products. However‚ the school of thought around this facet of business that has arisen over the
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Economics 1Assessment Instructions Assessment 2: Individual Assignment‚ 30% of Module Weighting 1.0) RELEVANT MODULE LEARNING OUTCOMES: A. Analyse a range of current economic issues and problems. B. Develop and communicate economic arguments in a variety of forms. C. Be able to make effective presentations of economic arguments. D-J The nature of this assignment is such that students will analyse a particular newspaper article and‚ depending on the subject matter‚ will respond to one
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command economy. In mixed economy both the private and public sector need to co-exist to overcome the weakness of one another. Most countries practice mixed economy for a number of reasons as mentioned below. Where there is free market enterprise economic forces are unfettered. Supply and demand determine the prices of goods and services. Prices in turn tell businesses what to produce‚ if the people want more of a particular good than the economy is producing the price of the good rises. That catches
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Big five model • Lewis goldberg proposed a five dimension personality model ‚ nicknamed the big five /five factor theory. • The Big Five model is a comprehensive‚ empirical‚ data-driven research finding. • In psychology‚ the "Big Five" factors (Five Factor Model) of personality are five broad domains or dimensions of personality which are used to describe human personality. Big five factors are • Factor I: Extraversion. • Factor II: Agreeableness. • Factor III:
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Business and Economic Environment Assignment Brief Assessment Activity Front Sheet This front sheet must be completed by the learner and included with the work submitted for assessment. Programme Advanced Diploma in Contemporary Contexts Unit Module Business and Economic Environment Learner Name Assessor Name Lilian Onuegbu Date Issued 21 February 2014 Hand in Date 16 May 2014 Submitted on Internal Verification Yes
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