An economy or economic system consists of the production‚ distribution or trade‚ and consumption of limited goods and services by different agents in a given geographical location. The economic agents can be individuals‚ businesses‚ organizations‚ or governments. Transactions occur when two parties agree to the value or price of the transacted good or service‚ commonly expressed in a certain currency. In the past‚ economic activity was theorized to be bounded by natural resources‚ labor‚ and capital
Premium Supply and demand Economy Economics
A Separate Peace‚ suggests that true friendship requires honesty between friends‚ because without honesty there is no trust between friends‚ and trust is the basis of a friendship. Friendship is the main theme in John Knowles’ novel A Separate Peace. Gene Forrester‚ an intellectual student and Finny‚ his roommate at Devon School‚ who is usually misbehaving‚ become friends. The two have opposing interests and personalities‚ yet still remain close friends. Gene‚ envying Finny’s athletic ability
Premium Friendship A Separate Peace Resentment
Economies Traditional Economy‚ Command Economy & Market Economy Traditional Economy Definition A traditional economy is an economic system where customs‚ traditions and beliefs determine the goods and services created by the society. It is dependent on agriculture‚ hunting and gathering‚ fishing or any combination of the above. Also called a subsistence economy‚ it may involve use of barter trade instead of currency. Characteristics Traditional economies are often based on one
Premium Market economy Capitalism Planned economy
BSBMKG501B Identify and evaluate marketing opportunities Assessment Task 1 Part A 1. Choose an Organization to analyze. Identify two marketing opportunities for the organization you have chosen. The Organization I would like to discuss is 7-11 company in Australia. 7-11 is part of an international chain of convenience stores. 7-Eleven‚ primarily operating as a franchise‚ is the world’s largest operator‚ franchisor‚ and licensor of convenience stores with more than 50‚000 outlets. In Australia
Premium Filling station Convenience store Supermarket
Risk and Return Management Risk and return management Darlene LaBarre MBA6161 Fin Markets & Institutions Capella on Line The risk-return spectrum is the relationship between the amount of return gained on an investment and the amount of risk undertaken in that investment.[citation needed] The more return sought‚ the more risk that must be undertaken! The progression There are various classes of possible investments‚ each with their own positions on the overall risk-return spectrum. The general
Premium Investment Futures contract
Integrated Case 8-23 Merrill Finch Inc. Risk and Return Assume that you recently graduated with a major in finance. You just landed a job as a financial planner with Merrill Finch Inc.‚ a large financial services corporation. Your first assignment is to invest $100‚000 for a client. Because the funds are to be invested in a business at the end of 1 year‚ you have been instructed to plan for a 1-year holding period. Further‚ your boss has restricted you to the investment alternatives
Premium Investment Rate of return Standard deviation
SOCIO-ECONOMIC PROBLEMS OF PAKISTAN Outline: •Introduction Pakistan is a resource rich country but due to incompetent politicians‚ strong generals‚ weak judiciary‚ conservative Ulemas and controlled media‚ it is facing socio-economic‚ political and religious challenges. • Problems Faced By Pakistan At The Time Of Inception From its very inception‚ Pakistan faced a large number of problems. Some of the initial difficulties were 1. Choice of Capital and Establishment of Government
Premium Pakistan Poverty Inflation
each barrier can foster either monopoly or oligopoly. Which barriers‚ if any‚ do you feel give rise to monopoly that is socially justifiable? LO1 The major barriers to entry in an industry are economies of scale‚ legal barriers such as patents & licenses and other strategic or pricing barriers. Economies of scale occur only in large firms who are able to reach a minimum efficiency scale point and operate at that point for a long period. This high TC results in a low ATC and high efficiency. Once
Premium Monopoly Microeconomics Economics
sudden increase in the volatility of gold prices have on interest rates? Agenda History of gold Influencing factors of gold price Volatility of gold Conclusion Historical development Gold Standard ◦ Until 1914 + interwar years USD Standard – Bretton Woods System ◦ After WW II until 1971 Since 1972: gold disconnected from USD ◦ Ordinary traded good ◦ Price determined by supply and demand Revision: Influence factors of demand Wealth Expected returs Expected inflation Risk Liquidity
Premium Bretton Woods system Inflation Supply and demand
CSEC Economics School Based Assessment An Economic Analysis on the Factors Which Influences Smoking in the Community of Golden Spring‚ St. Andrew Topic: Demerit Good Name of Candidate: Renae Bennett Candidate’s number: Centre number: 100049 School: Holy Childhood High Teacher: Mrs. Henry-Fagan Teritory: Jamaica Year of Examination: May/June 2013 Examination ------------------------------------------------- ------------------------------------------------- Acknowledgement
Free Smoking Lung cancer Passive smoking