what is ecomomics Understanding Economics 1. Introduction to Economics Core microeconomic theory argues that a consumer seeks to find the combination of goods and services that maximizes her satisfaction. The problem is one of personal choice, and economics has had difficulty in studying such endeavors scientifically. The quest to understand choosing behavior is not exclusive to economists. Psychologists, sociologists, political scientists, and managers also strive […]
ecomomics zero sum game Economics as a Zero Sum Game 1. Introduction That is the main concern of economics science, to increase the content of people’s pockets. However, supporters of new technologies ensure that these will not cause unemployment, just substitution. That is because, for all machines used in modern plants, manpower is required for designing, installing, programming, operating, and repairing them. The final goal […]
two firm cartel ecomomics output The Impact of Cartels on Economic Output 1. Introduction Also in the current legal literature, “cartels” seem to be synonymous with the abuse of a dominant position and restrictive practices that aim to favor sales to the detriment of consumers. And to a lesser degree, anti-competitive practices such as: communications/bidding collusions, price-fixing agreements, division of markets, exploitation of existing exchanges. […]
insect demand ecomomics The Economic Impact of Insect Demand 1. Introduction In the next section, the food science challenges implied by the demand for insect-derived food are analyzed. These challenges are crucial for the food quality and safety of the final products. Moreover, this is an aspect that market demand must efficiently satisfy because, in the long-term, exploiting market niches will produce enticing commercial opportunities, […]
does high school teach ecomomics The Importance of Teaching Economics in High School 1. The Need for Economic Education Economic knowledge that children learn helps them understand and interpret the world around them. Teenagers are faced with many tough decisions regarding education, lifestyles, and jobs that depend on the knowledge of basic economic principles. According to Fox, literacy in economics is an essential component in […]
florida gulf coast ecomomics Economic Impact of Florida Gulf Coast 1. Economic Importance of Florida Gulf Coast To finance the activities of those social services of the Gulf Coast which guarantee environmental conservation, culture, including art and science. Beautiful coastal and marine environments have a very high intrinsic value, which justifies their allocation and treatment, protected in their actual condition. At the same time, the […]
engineering ecomomics inc The Importance of Economic Analysis in Engineering Projects 1. Introduction Founded on the basic tenet that engineers should play a more active role in the economic analysis of the enterprises in which they are called upon to work without, however, neglecting the pure engineering aspects of their projects, and consequently their influence on the results, the essential workload of the economic planner […]
sustainable ecomomics Sustainable Economics 1. Introduction to Sustainable Economics For the intent and purposes of the three dimensions of sustainable economics, we start the paper with an extreme example of unsustainability: natural disasters that have recently occurred in various parts of the planet. The property of land is better served if it is covered by forest, which serves as a natural reservoir to hold rainwater […]
elastic ecomomics The Impact of Elasticity on Economics 1. Introduction to Elasticity in Economics The elasticity of demand measures the percentage change of quantity demanded for a good or service with respect to a change in price. This brings to light a variety of possible consequences. It not only impacts the nature of the demand curve for the good, it is also used to determine […]
trading ecomomics The Impact of Trading Economics 1. Introduction Since January 1st, 2012, the world has – up to now – had broad access to the financial database of Trading Economics (TE) in the field of economics. That global and free access has attracted the attention of many researchers and academics to apply the database to different topics of economic research. Despite the large number […]
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