ageing consumers and the business-promotion function – creating a聽positive image of the company as a聽producer, a聽service provider and an employer, opened to the elderly.The paper is descriptive and starts a聽discussion of the rarely discussed in studies interdependencebetween both markets in ...
Producer price index (PPI) is a measure of average prices received by producers of domestically produced goods and services. It is calculated by dividing the current prices received by the sellers of a representative basket of goods by their prices in so
Microeconomics is a social science that examines the allocation of resources to produce goods and services, and the distribution of goods and services produced. In the modern era, this involves the study ofmarketsand the consumers and suppliers who trade in them. Microeconomics looks at how and w...
Retailer is the one who sells goods/services directly to consumers for their personal or non-business use. Retailers are business entities which act as an intermediary between producer & consumer of goods. Retailer purchase goods/services from wholesaler or distributor and sells to end customers at...
A monopoly market is a market where there is just one seller of goods and services. This market is opposite of perfectly competitive market.
Consistency refers to how closely related product lines are to each other. It is in reference to their use, production, anddistribution channels. The consistency of a product mix is advantageous for firms attempting to position themselves as a niche producer or distributor. In addition, consistency...
5.Its population gains from the wider choice of goods and services now available.However, there are some changes in UK trade; until recently, the United Kingdom was regarded by other countries as essentially a producer of manufactured goods for export, with raw materials and foodstuffs being ...
Using examples, explain the impact of externality on the markets. "Scarcity implies that some way of rationing goods and services must be found." Explain what this statement means. In what ways can the rationing be done? Explain the relationship between opportunity cost, scarcity a...
An economy of scope is when the production of one good reduces the cost of producing another related good. Economies of scope occur when producing a wider variety of goods or services in tandem is more cost-effective for a firm than producing less of a variety, or producing each good indepe...
Price of Other Goods The price of other goods or services can affect the supply curve. There are two types of other goods—joint products and producer substitutes. Joint products are products produced together. Producer substitutes are substitute goods that can be created using the same resources....