• Economics
    these fluctuations in economic activity do not follow a mechanical or predictable periodic pattern. Theory The first systematic exposition of periodic economic crises, in opposition to the existing theory of economic equilibrium, was the 1819 Nouveaux Principes d'économie politique by Jean Charles Léonard...
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  • Managerial Economic
    Profit rates differ among firms in a given industry and even more widely among firms in different industries. Please explain the factors which contribute to different profit rates. Profit rates differ among firms in any given industry in variety of industries. Several theories are explained below...
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  • Assignment
    maximization of management welfare agree or disagree? 2. Negative economic profits is an indicator that the firm is making negative accounting profits. Explain why or why not. 3. Monopoly profit theory is an extension of frictional profit theory. Explain why or why not. Answers: 1. The maximization of management...
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  • Depository Institution
    must perform a delicate balancing act. Besides, a bank must be prudent in the way it uses its deposits, balancing security for the depositors against profit for its stockholders. To achieve securities for its depositors, a bank divides the funds it receives in deposits into two parts that are reserves and...
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  • Unemployment
    per product sold, wage per worker, and cost per unit of capital are all constant. Thus, we can express this as a function P (n, i, m) that describes profit: (1) P(n, i, m) 3 Classical Labor Demand The demand for labor in the entire economy is simply the aggregate demand for labor from each company...
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  • Sociology
    Moffatt  Unemployment: types of unemployment. The Three Types: Economists break unemployment down into three distinct varieties - Structural, Frictional, and Seasonal. Below we will examine each type of unemployment to see how they differ. Structural Unemployment: "Structural unemployment is a...
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  • Ob Notes
    Managerial Economics Chapter 1 What is the difference between economic profit and business profit? Business profit= sales-cost Economic profit = business – opportunity costs Cost: man power, rent etc etc Opportunity cost (implicit cost of capital): what you could have investing in other avenue...
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  • Macroeconomics Written Assignment 3
    savings with another person's investment. 2 types of market : Stock market - represents ownership in a firm and is, therefore, a claim to the profits that the firm makes. Bond Market - a certificate of indebtedness that specifies the obligations of the borrower to the holder of the bond. 2 types...
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  • Unemployment
    for advancement) is made with the existence of unemployment insurance in mind. This combination promotes the existence of one kind of unemployment, frictional unemployment.Another cost for the unemployed is that the combination of unemployment, lack of financial resources, and social responsibilities may...
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  • Inflation
    inflation. In this part of the book, we are concerned with three main aspect of inflation , (i) meaning, measurement and effects of inflation, (ii) theories of inflation and, (iii) the relationship between inflation and unemployment. WHAT IS CONSIDERABLE RATE OF INFLATION? The question as to what...
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  • Unemployment
    economically active population which is unemployed, according to the above definition. 3.Different types of unemployment 3.1Frictional Unemployment Frictional unemployment arises as a result of normal labour turnover that occurs in any dynamic economy and the time lags involved in the unemployment of labour...
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  • Unemployment in France
    unemployment The frictional unemployment, it results from the period which separates the moment when an individual leaves his employment and the moment where he finds the other one; the consecutive unemployment in the time of expectation of the first employment is included in the frictional unemployment...
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  • Unemployment research
    neoclassical economics and the Austrian School of economics argue that market mechanisms are reliable means of resolving unemployment.[citation needed] These theories argue against interventions imposed on the labour market from the outside, such as unionization, minimum wage laws, taxes, and other regulations that...
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  • Inflation
    increases the profits of organizations: inflation causes arise in the cost of articles but their cost price does not rise as quickly as their sell prices. Wages, interest and rent do not rise as soon as there is a rise in price. Thus, in the beginning the producers gain enormous profits. The scale of...
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  • Exam 1
    (firm’s output) K is the number of machines used (the amount of capital) L is the number of hours worked by the firm’s employees (amount of labor) Profit= Revenue- Labor Costs- Capital Costs PY-WL- RK Sells output at price P Hires workers at wage W Rents capital at rate R The Firm’s Demand for Factors ...
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  • Pestle Analysis of Canon Company
    sellers The profit is anticipated Standard of living The amount of goods or services purchased by an individual Quantity of life: - General well being of a society in terms of freedom, clean environment, health care safety free time that leads to satisfaction. Organization Profit organization ...
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  • Economics
    investor, Buffett looks for ‘‘wonderful businesses’’ with outstanding economic characteristics: high rates of return on invested capital, substantial profit margins on sales, and consistent earnings growth. Complicated businesses that face fierce competition or require large capital investment and ongoing...
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  • Econ Revision Guide
    from China. If this demand falls the number of miners required will fall and this will cause unemployment through redundancies. Frictional Unemployment: * Frictional unemployment is transitional unemployment as people move between jobs. For example newly-redundant workers or people joining the...
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  • Community Development
    among themselves for scarce jobs at lower and lower wages. At first glance, unemployment seems inefficient since unemployed workers do not increase profits. However, unemployment is profitable within the global capitalist system because unemployment lowers wages which are costs from the perspective of...
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  • macroeconomics
    full employment were attained and all open jobs were filled, some workers would still remain unemployed. Some associate cyclical unemployment with frictional unemployment because the factors that cause the friction are partially caused by cyclical variables. For example, a surprise decrease in the money...
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