Micro Economics:- Microeconomics is a branch of economics that analyzes the market behavior of individual consumers and firms in an attempt to understand the decision-making process of firms and households. It is concerned with the interaction between individual buyers and sellers and the factors that influence the choices made by buyers and sellers. In particular‚ microeconomics focuses on patterns of supply and demand and the determination of price and output in individual markets (e.g. coffee
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PEST DEG Analysis for Gaming Industry Gaming industry includes those corporations that develops and distributes gaming and entertainment products through software programs and gaming hardware such as consoles‚ arcades‚ game gadgets and other technologies. Political-Legal • Intellectual Property Rights Intellectual Property Rights (IPR) is a term that covers patents‚ trademarks‚ and copyright. This law helps understand that all great products and innovation have an origin such as various
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Micro economics is a branch of economics which studies individual firms and consumers. The basis of micro economics is supply and demand; how does the market react to changes in supply and demand and inevitably how does it affect price. Microeconomic decisions by both firms and individuals are motivated by cost and benefit considerations. Costs can be either be in terms of financial costs such as average fixed costs and total variable costs or they can be in terms of opportunity costs‚ which consider
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Legal Issues in the Gaming Industry Legal Issue in Gaming. When it comes to looking at the legal issues‚ we can that there are loads of them. The cause of legal issues rise when a specific games company copies other people’s work or they take what other games without permission. An example of such issue is when the Arktos Entertainment Group‚ who are the makers of MMO The War Z game‚ were found to have copied the terms of service agreement from the game‚ League of Legends. And as crazy
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“Economics has never been a science - and it is even less now than a few years ago.”…Paul Samuelson INTRODUCTION Economics is the social science that analyzes the production‚ distribution‚ and consumption of goods and services. A focus of the subject is how economic agents behave or interact and how economies work. A given economy is the result of a process that involves its technological evolution‚ history and social organization‚ as well as its geography‚ natural resource endowment‚ and ecology
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Economic Commentary About: Demand‚ Supply and Price Control Source of the article: Internet (business-standard.com) Name: Sang Hyun Jeon Section and Grade: 11 C Mentha oil rises on industrial demand Press Trust of India / New Delhi November 04‚ 2011‚ 12:04 IST Mentha oil prices rose by Rs 9.40 to Rs 1‚354.90 per kg in futures trade today‚ as traders enlarged their holdings tracking a rise in the industrial demand in spot markets. Restricted supply from the growing belts of Chandausi‚
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Introduction Economics is the study that discusses how a society tries to solve the human problems of unlimited wants and scarce resources. This field of study is vast that it has been the subject of a great deal of writings. Economics is divided into Microeconomics and Macroeconomics. Macroeconomics deals with the overall economy‚ the aggregate demand and aggregate supply for all goods and services. The main concerns of Macroeconomics are the rate of inflation‚ unemployment and economic growth.
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Definition The economic environment consists of external factors in a business’ market and the broader economy that can influence a business. You can divide the economic environment into the microeconomic environment‚ which affects business decision-making such as individual actions of firms and consumers‚ and the macroeconomic environment‚ which affects an entire economy and all of its participants. Many economic factors act as external constraints on your business‚ which means that you have little
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ECON 201 Introduction to Microeconomics Lecture Notes Second Edition HANY FAHMY E. info@hftutoring.com w. www.hftutoring.com T. 514 979 4232 This material is copyrighted and the author retains all rights. No part of this material may be reproduced or transmitted in any forms or by any means‚ or sorted in a data base or retrieval system without the prior written permission of HF Consulting. COURSE PACKAGE INFORMATION This is a free copy of the first part of ECON 201 course package
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may want to diversify and provide a critical assessment of the economic validity of their reasons for diversifying. Abstract Despite the different degree of competitions and the level of development in the market across the various types of industries‚ most firms are continuously and consistently looking for ways and opportunities to enhance their ability to grow or even to just maintain sustainability and survival in the industry. Firms carry out diversification such as developing new lines and
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