Along with the development of society, more and more problems are brought to our attention, one of the most serious issue is the gray population. Nevertheless, the significance of elderly people in society cannot be overstated. As...
Economics (经济学) is the study of how societies with limited resources decide what to produce, how to produce and for whom to produce. What, how, and for whom to produce are problems all over the world because human needs are practically unlimited, but all societies have only limited quant...
integrated multidisciplinary approacheffects of downsizingteam training.doi:10.1080/00213624.2015.1013898Scott, Robert H.Monmouth UnivJournal of economic issues
Scarcity refers to the tension between limited resources and unlimited wants and needs. Resources for an individual may include time, money and skills. Whereas for a country, limited resources include may natural resources, capital, labor force, and technology. Because all of the resources are limi...
A market economy relies solely on the needs and wants of the consumer population. Three factors influence the development of a market economy: supply, demand and competition. Supply and demand vary inversely to one another; high supply means low demand and vice versa. Competition influences the ...
I'm glad I realized economics wasn't for me in high school, because in college I had the option to take economics online to fulfill a certain general education requirement. However, based on my experiences in high school, I decided to pick something else!
Shawn has a masters of public administration, JD, and a BA in political science. Cite this lesson Economics involves allocating resources to meet peoples' needs and desires for goods and services. Explore the definition and types of economics including microeconomics and macroeconomics and learn about...
Economic systems determine how goods are produced, who produces those goods and for whom those goods are produced. How those factors are addressed determines the type of economic system. Four main types of economic systems exist, with variations on each
Economicsinvolves the study of how people use limited means to satisfy unlimited wants. The law of demand focuses on those unlimited wants. Naturally, people prioritize more urgent wants and needs over less urgent ones in their economic behavior, and this carries over into how people choose among...
The production and consumption of goods and services fulfill the needs of those living and operating within an economy. Market-based economies, also called free market economies, are self-regulated, allowing goods to be produced and distributed in response to demand from consumers. ...