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Mark Lorenzo

agregó una foto Financial Services
2023-03-03 19:43:30 -

Beyond GDP: other ways to measure the economy
Key points Gross national product, or GNP, includes what is produced domestically and what is produced by domestic labor and business abroad in a year. National income includes all income earned: wages, profits, rent, and profit income. Net national product, or NNP, is GNP minus depreciation. Depreciation is the process by which capital ages...

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Mark Lorenzo

agregó una foto Financial Services
2023-06-06 19:49:43 -

Beyond GDP: other ways to measure the economy
Key points Gross national product, or GNP, includes what is produced domestically and what is produced by domestic labor and business abroad in a year. National income includes all income earned: wages, profits, rent, and profit income. Net national product, or NNP, is GNP minus depreciation. Depreciation is the process by which capital ages...

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Dacey Rankins

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2024-11-12 14:42:15 -

Information Services: The Backbone of the Digital Economy
In today’s increasingly connected world, information is one of the most valuable assets for businesses, governments, and individuals alike. The ability to access, manage, and disseminate information effectively can provide a competitive edge, improve decision-making, and drive innovation. This is where information services come into play. From data management to digital platforms,...

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Dacey Rankins

agregó una foto Major Companies
2024-11-15 15:00:01 -

Major Companies: Pillars of the Global Economy
In the interconnected world of the 21st century, certain companies have emerged as titans, shaping industries, driving innovation, and influencing the global economy. These major corporations span various sectors, from technology and finance to retail and healthcare, and their reach extends far beyond the products and services they offer. They are not just companies—they are global brands...

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Mark Lorenzo

agregó una foto Financial Services
2023-03-27 19:35:59 -

Measuring the size of the economy: gross domestic product
Key points The size of a nation’s economy is commonly expressed as its gross domestic product, or GDP, which measures the value of the output of all goods and services produced within the country in a year. *GDP is measured by taking the quantities of all final goods and services produced and sold in markets, multiplying them by...

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FWhoop Xelqua

agregó una foto Extended Coverage
2022-12-28 11:55:37 -

The next years may be the worst for the world economy, the investor believes
WASHINGTON, Dec. 12 — PRIME. The next two or three years may be the worst for the world economy due to the excessive amount of accumulated debts, well-known American investor Jim Rogers said. Rogers is one of the most famous investors in the world and co-founder of the Quantum investment fund, which he created together with billionaire George Soros. Rogers is the author of a number of...

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Mark Lorenzo

agregó una foto Financial Services
2023-03-07 15:30:41 -

Aggregate demand and aggregate supply curves
Key points Aggregate supply is the total quantity of output firms will produce and sell—in other words, the real GDP. The upward-sloping aggregate supply curve—also known as the short run aggregate supply curve—shows the positive relationship between price level and real GDP in the short run. The aggregate supply curve slopes up because...

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Mark Lorenzo

agregó una foto Financial Services
2023-02-16 13:07:37 -

Changes in equilibrium price and quantity: the four-step process
Key points There is a four-step process that allows us to predict how an event will affect the equilibrium price and quantity using the supply and demand framework. Step one: draw a market model (a supply curve and a demand curve) representing the situation before the economic event took place. Step two: determine whether the economic event being analyzed affects demand...

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Mark Lorenzo

agregó una foto Financial Services
2023-02-01 12:27:32 -

Command-and-Control regulation
Key points Command-and-control regulation sets specific limits for pollution emissions and/or mandates that specific pollution-control technologies that must be used. Although such regulations have helped to protect the environment, they have three shortcomings: they provide no incentive for going beyond the limits they set; they offer limited flexibility on where and...

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Mark Lorenzo

agregó una foto Financial Services
2023-01-26 14:43:23 -

Demand and the Determinants of Demand
In a competitive market, demand for and supply of a good or service determine the equilibrium price. The law of demand Markets have two agents: buyers and sellers. Demand represents the buyers in a market. Demand is a description of all quantities of a good or service that a buyer would be willing to purchase at all prices. According to the law of demand, this relationship...

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Mark Lorenzo

agregó una foto Financial Services
2023-02-27 16:37:09 -

Economic efficiency
Key Points Economic efficiency is the idea that it is impossible to improve the situation of one party without imposing a cost on another. If a situation is economically inefficient, it becomes possible to benefit at least one party without imposing costs on others. Consumer surplus is the gap between the price that consumers are willing to...

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Mark Lorenzo

agregó una foto Financial Services
2023-02-15 11:44:02 -

Efficiency in perfectly competitive markets
Key points Long-run equilibrium in perfectly competitive markets meets two important conditions: allocative efficiency and productive efficiency. These two conditions have important implications. First, resources are allocated to their best alternative use. Second, they provide the maximum satisfaction attainable by society. Efficiency in perfectly...

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Mark Lorenzo

agregó una foto Financial Services
2023-02-17 16:48:50 -

Elasticity in the long run and short run
Key points In the market for goods and services, quantity supplied and quantity demanded are often relatively slow to react to changes in price in the short run, but they react more substantially in the long run. As a result, demand and supply often—but not always—tend to be relatively inelastic in the short run and relatively elastic in the long run....

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Dacey Rankins

agregó una foto Management
2024-03-15 17:25:07 -

ESSENCE AND BASIC CONCEPTS OF MANAGEMENT
The essence of management is to manage everything: production, finances, personnel, resources to streamline the management system, from the initial situation to the improvement of results. Management is management in a market economy, a set of principles and methods. means and forms of production management developed in the conditions of a market economy and applied in countries with a...

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Mark Lorenzo

agregó una foto Financial Services
2023-02-21 15:16:17 -

How perfectly competitive firms make output decisions
Key points As a perfectly competitive firm produces a greater quantity of output, its total revenue steadily increases at a constant rate determined by the given market price. Profits will be highest—or losses will be smallest—for a perfectly competitive firm at the quantity of output where total revenues exceed total costs by the greatest amount, or where total...

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