Answer:Price elasticity of demand is the major term that uses in the market related to different products. In other words, when due to any change in price, change may appear in the demanded quantity of the product in responsiveness then the price elasticity of demand may appear. Depending on the …

Answer:Introduction of Managerial economics            Supply and demand are the basic factors of the economy because it co troll the production and market conditions according to its utilization. Supply means how much the specific product, service or commodity provides in the market at specific price. Demand means that how much the …

In the above sections' importance of circular economy (CE) is discussed with detailed analysis of barriers in the way of its implementation. Although, now in this section, some examples are presented about the companies which have managed to successfully embrace the circular economy (CE) analyzing. There are a number of …

According to the statistics presented by the BBC, e-waste is increasing in our society. Excessive use of plastic made electronic products causes to increase pollution in society unless appropriate recycling or elimination methods are employed by the companies to overcome these increasing statistics. According to a current statistical report about …

In this section key concepts behind circular (CE) are presented in detail. According to 9R model linear economy and circular economy (CE) is quite a different concept which is usually considered as the same concepts in any organization. Circular economy (CE) relates to the linear economy because both are concerned …

One-way model of business to manufacture and consume products is dominating in our industrial processes from the last 150 years. In this model, organizations purchase raw material of fabric, wood, stone, or plastic to manufacture a product and sell it out in the market for consumption. Increased population has increased …

Poverty, Global Warming, inequality of economic resources, pollution, climate changes, and religious conflicts are common world problems that need to be solved in order to make the society and world better and secure for the life of living creatures, particularly for Human being. According to a research survey (conducted in …

Introduction of Effects of Artificial Intelligence on Economy            AI or Artificial Intelligence is a term which is utilized for describing machines which are able to perform different cognitive processes similar to humans such as interacting, reasoning, understanding, and learning. It can generally take several forms such as a part of …

1.Consider the following two products: ‘coffee’ sold in a café and ‘hotel accommodation’ in Sydney during the Olympic Games. Which product would have a higher price elasticity of supply in absolute value? Explain your answer including identifying the determinant of elasticity. (1 mark) – Word count 60 In this case, the …

Much might be learned regarding the nature of economic development of China by observing the city, Shanghai, created in 1842 in its modern form when it was opened to the international trade, that nonetheless moved quickly to the forefront of commercial Asian centres, with massive trade and manufacturing, until it …

This article is discuss about the effects of the corruption in Uganda and it discuss how the corruption is effecting the economic and social development of the Uganda and this article is written in the manners of the exploratory research but its peer review article not journal article because it …

In the field of economics, Macroeconomics is the major branch who deals with the performance and behavior of economy by focusing on aggregate changes like inflation, growth rate, gross domestic production and unemployment. It analyzes all the microeconomics factors and indicators that effect the government and help in implementing different …

Now we talk about that scenario when banks going to involve in different industries and specially government and then their participation in the economy and overcome the risks of economy. Banks going to involve with different industries as investor or become partner and give money to industries to run their …

The economy of the USA is the leading economy of the world. USA is in the expansion phase. US economy is leading towards expansion and prosperity in every possible way. The economists suggest that GDP of US will expand as much as 2.8% in 2018 and near 2.5% in 2019. …

Answer) According to Menger, the following are necessary for the thing to become an economic good:Human need must be fulfilled by that thingThe thing must have properties for establishing the causal link between the need satisfaction and that thingThis causal link must have a recognitionSufficient command of the thing is …

The economic theories of Keynesian dis disprove so many beliefs that were traditional regarding unemployment, investments, savings, and intervention of government in the economic matters. Many of the individual ideas, however, were found also in the Malthus and Hobson’s writings. Keynes did the efforts to make these ideas be accepted …

The stock exchange of the country is playing vital role in the economy of the country because it shows the clear statics and averages of the business, industries and finance of the country and it also shows the average of the country. It splaying central role by performing the various …

According to the information from the World Bank this country is at the fourth spot in the world richest county. The gross domestic product of Kuwait is around 176 billion only in 2011 and there economy is on the 51 spot in the world. This country is still dependent on …

There are many cultural differences between the United States of America and Saudi Arabia. The differences are reflected in the business dynamics of both the nations. Despite the differences we see a lot of American investment in different sectors in Saudi Arabia. The businesses are doing good as they are …

The emerging topic of this research study is leading toward the evaluating the impact of the economic background on the smoking preferences. Currently the concept of the smoking preferences is increasing day by day because people believe on the quality rather than thinking about their income.  This research study is …