Economics
It is a social science that studies the alternatives of people enterprise and health systems to deal with the rarity and it also research how we can use the sources to fulfill our wants
And it is splitting into two types
It is a social science that studies the alternatives of people enterprise and health systems to deal with the rarity and it also research how we can use the sources to fulfill our wants
And it is splitting into two types
Small economics
Macro economics
Micro economics
It is the research of the alternatives of people and enterprise that affects on the health systems that will depend on them
Macro economics
It is the research of effects on national economic climate and global economic climate by the alternatives that people enterprise and health systems create
Scarcity
It is our in a environments to fulfill our wants or mean many wants when there are few sources
Micro economics
It is the research of the alternatives of people and enterprise that affects on the health systems that will depend on them
Macro economics
It is the research of effects on national economic climate and global economic climate by the alternatives that people enterprise and health systems create
Scarcity
It is our in a environments to fulfill our wants or mean many wants when there are few sources
Examples for scarcity
The poor experience rarity when his revenue don’t enough to buy all wants
The rich experience rarity when his time isn’t enough to enjoy by his weekend
There are three big micro financial aspects questions
There are three big micro financial aspects questions
What products or solutions are produced
The object that people generate to fulfill wants known as products or solutions
Goods: are concrete items such as cars
Services: are intangible items performed for people such as hairstyle
The object that people generate to fulfill wants known as products or solutions
Goods: are concrete items such as cars
Services: are intangible items performed for people such as hairstyle
How aspects are products or solutions produced
By aspects of shows and it is the resource that enterprise used to generate products or solutions and it is separated into four types
Land, work, investment finance, and entrepreneurship
1-Land: is the gift of nature or natural sources that we use to generate products or solutions such as row materials and water
By aspects of shows and it is the resource that enterprise used to generate products or solutions and it is separated into four types
Land, work, investment finance, and entrepreneurship
1-Land: is the gift of nature or natural sources that we use to generate products or solutions such as row materials and water
Labor: it is the physical and the mental efforts of people to generate products or solutions
The quality of will depend on people investment finance, that is the knowledge and skills that people acquire from education
3-Capital: it is the tools, machines, building, and other elements that enterprise used to created products or solutions
The quality of will depend on people investment finance, that is the knowledge and skills that people acquire from education
3-Capital: it is the tools, machines, building, and other elements that enterprise used to created products or solutions
4- Entrepreneurship: the time that arrange area, work, and investment finance with new ideas, excellent controlling and create the best selections to reach the producing process
For who are products or solutions produced
These products or solutions that are created the people are the first one to benefit from them and this will depend upon the revenue that people earn and this earnings come from selling the solutions that people own
Land makes rent
Labor makes wages
Capital makes interest
Entrepreneurship makes profit
Also there are three big macro financial aspects questions
These products or solutions that are created the people are the first one to benefit from them and this will depend upon the revenue that people earn and this earnings come from selling the solutions that people own
Land makes rent
Labor makes wages
Capital makes interest
Entrepreneurship makes profit
Also there are three big macro financial aspects questions
What is the determinist the normal of living
The normal of living: is the level of consumption that the individual (person) acquire and we evaluate it by the average earnings per individual
The increased earnings mean the greater lifestyle when other elements other the same
The normal of living: is the level of consumption that the individual (person) acquire and we evaluate it by the average earnings per individual
The increased earnings mean the greater lifestyle when other elements other the same
What can help determine the cost of living
The cost of living: it is the cash. It takes to buy products or solutions that absorbed by family
Arising existing costs known as blowing up and it create the value of cash fall
Falling existing costs known as deflation and it makes the value of cash rise
The cost of living: it is the cash. It takes to buy products or solutions that absorbed by family
Arising existing costs known as blowing up and it create the value of cash fall
Falling existing costs known as deflation and it makes the value of cash rise
Why does our economic climate fluctuate
Over long stretches both the lifestyle and the existing costs are improve but this raises aren’t steady
Business cycle: it is unusual movements in the and work system
In enterprise cycle
When the and work decreasing the economic climate is in economic downturn.
When economic downturn occurs lack of employment improve.
When the and work increasing enterprise economic climate is in expansion.
Production prospects and opportunity cost
Production prospects frontier PPF
It is the border between those combination of products or solutions that can be created and those that cannot
Demand
The quantity desired of products or solutions is the amounts that consumers plan to buy during the quantity actual bought
We evaluate the quantity desired as an quantity per unit of time.
The law of demand
Mean that the greater the cost of excellent faced the smaller is the quantity desired when other elements other the same
And it affected with two reasons
Alternative impact
Over long stretches both the lifestyle and the existing costs are improve but this raises aren’t steady
Business cycle: it is unusual movements in the and work system
In enterprise cycle
When the and work decreasing the economic climate is in economic downturn.
When economic downturn occurs lack of employment improve.
When the and work increasing enterprise economic climate is in expansion.
Production prospects and opportunity cost
Production prospects frontier PPF
It is the border between those combination of products or solutions that can be created and those that cannot
Demand
The quantity desired of products or solutions is the amounts that consumers plan to buy during the quantity actual bought
We evaluate the quantity desired as an quantity per unit of time.
The law of demand
Mean that the greater the cost of excellent faced the smaller is the quantity desired when other elements other the same
And it affected with two reasons
Alternative impact
Income impact
The need curve
It shows the relationship between the quantity desired of products to its cost when the other elements other the same
Changes in demand
the improve in need when the need raises the need challenge changes right keep and the quantity desired is increased than the cost
The need curve
It shows the relationship between the quantity desired of products to its cost when the other elements other the same
Changes in demand
the improve in need when the need raises the need challenge changes right keep and the quantity desired is increased than the cost
