Business Economics Productivity What is productivity in economics?Question:What is productivity in economics?Profit:Profits describes the amount of money leftover in a business after it has paid all its expenses and serves as the major incentive for a business to start. Increased profits allow a ...
What is causation in economics? What is strategic coherence? What is groupthink in business? What is scarcity? What is the double-effect principle? What is a furlough? Define PPF and give examples. What is the law of diminishing returns?
Microeconomics is the study of economics which deals with the activities related to individual units that is; an individual consumer decision to maximize the satisfaction, the individual producer main aim is the maximization of profit.Answer and Explanation: The concept of ends, ...
In economics, production is the process of converting inputs in to outputs. The volume of output is therefore dependent on the amount of resources, in terms of inputs, that are available. Production is therefore a constrained process because resources are limited....
The slope of the PPF is a crucial factor as it reveals the opportunity cost of producing one good in terms of the other. The slope represents how many units of one good must be given up to produce an additional unit of the other good. By comparing the opportunity costs of different prod...
added together, an estimated PPF for an entire economy can be determined. A very strict definition of inputs such as those of aggregate capital must be used for meaningful PPF results. Problems do arise, however, when capital is defined in monetary units that rise and fall with interest ...
but this effort comes at a time when the size of China’s domestic workforce is shrinking. In response, both national and regional governments in China have been keen to encourage overseas Chinese talents and professionals to return to the country. Meanwhile, the Chinese government has initiated ...
Production efficiency is an economic term describing a level at which an economy or entity can no longer produce additional amounts of a good without lowering the production level of another product. This happens when production is reportedly occurring along aproduction possibility frontier (PPF). Ke...
FA Kurtulus,D Kruse,J Blasi - 《Umass Amherst Economics Working Papers》 被引量: 16发表: 2011年 Profit sharing, employee share ownership and gainsharing : what can they achieve? In the new national agreement, the Programme for Prosperity and Fairness (PPF), the social partners express their...
Assume the expectedreturn on investment (ROI)in the stock market is 10% over the next year, while the company estimates that the equipment update would generate an 8% return over the same time period. The opportunity cost of choosing the equipment over the stock market is 2% (10% - 8%)...