tag:blogger.com,1999:blog-44007630028792126682024-03-13T23:41:43.680-07:00economicsmatinhttp://www.blogger.com/profile/03913997896818347723noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4400763002879212668.post-37301470001385311072009-10-17T10:02:00.000-07:002009-10-17T11:27:28.562-07:00summary of studies<span style="font-size:85%;"> economics:the study of h</span><span style="font-size:85%;">ow to allocate scarcities in the most affective way.</span><br /><span style="font-size:85%;"> factors of production:1)land 2)labour 3)capital 4)interprise</span><br /><span style="font-size:85%;"> want are things that we'd like to have without considering if their factors of production are available or not.</span><br /><span style="font-size:85%;">the difference between wants and needs is that we can go whithout wants but about needs its almost impossible.</span><br /><span style="font-size:85%;"> we need natural resources to asnswer our needs, however natural resources are finite,so our require to the economics and study of how to deal with scarcities appears.</span><br /><span style="font-size:85%;">economic provides different ways to allocating scarce resources which is known by </span><span style="font-size:100%;">choices.</span><br /><span style="font-size:85%;">nevertheless making choices require things to be sacrificed for the others,economics can also help us to show how efficient choices are and help us with finding the (next)best alternative ,wich is called <span style="font-size:100%;">opportunity cost</span>.</span><br /><span style="font-size:85%;"> there are lots of contiries around the world which possess rich natural resources to product certain goods.one of the best ways for these conteries to improve their econom is to cocentrate a big region or their whole economy on that narrow range of the goods and services,this is called <span style="font-size:100%;">specialisation</span>.</span><br /><span style="font-size:85%;">one of the other approaches to improve economy is </span><span style="font-size:100%;">division of labour.</span><span style="font-size:85%;">it means to break down productions into a series of seperate processes.this method can be used to increase output per employee or productivity which is much more greater than when each worker has tasked with producing the whole finished product.</span><br /><span style="font-size:85%;">developed economies are economies with a high level of income per head.eveloping economies are economies with relatively less level of income per head.</span><br /><span style="font-size:130%;">productive possibility curves </span><span style="font-size:85%;">are curves that can tell us whether we should produce less goods for the reason of producing more of another good or not.</span><br /><span style="font-size:85%;">it can also show us that the quantity of one product has became more capable,so manufactors have the chance to produce more amount of the good in term of suficating the others.</span><br /><span style="font-size:130%;">economic growth</span> takes palce <span style="font-size:85%;">where the productive potential of economic changes.</span><br /><span style="font-size:85%;"><span style="font-size:100%;">productive potential</span> is the maximum output that an economy is capable of producing.</span><br /><span style="font-size:85%;">shifting right(outwards)and left in the productive possibility curve can responsively show increase and decrease in the potential of the economy.</span><br /><span style="font-size:85%;"></span>matinhttp://www.blogger.com/profile/03913997896818347723noreply@blogger.com2tag:blogger.com,1999:blog-4400763002879212668.post-19385237382944260422009-10-14T07:49:00.000-07:002009-10-14T07:50:23.349-07:00hello everyonematinhttp://www.blogger.com/profile/03913997896818347723noreply@blogger.com0