Qualification > Commerce

ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!

<< < (57/118) > >>

J.Darren:

--- Quote from: aangel42 on May 26, 2010, 06:05:26 pm ---How are specialization and the division of labor different from each other?

--- End quote ---
Division of labour means dividing a job into many specialist tasks.

Specialisation

Advantages :

- Increase in productivity
- Improvement in skills of the specialist task- Increase in wage

Disadvantages :

- Boredom as the worker is repeating the same process
- Does not feel the accomplishment of completing a product
- Inter-dependence on other workers

J.Darren:

--- Quote from: aangel42 on May 26, 2010, 05:26:33 pm ---Explain what is meant by economic growth. (for 5 marks)
someone?

--- End quote ---
- Increase in gross domestic product per capita
- Increase in net income per capita
- Decrease in unemployment
- Increase in general price level
- Increase in volume of exports (X)
- Increase in level of investment (G)
- Increase in government expenditure (G)
- Increase in consumer spending (C)
- Decrease in volume of imports (M)
- Increase in resource depletion

GDP : C + I + G + X - M

Kojoudeh95:
Can any1 help me.....By tellin me how to study for paper 3 economics tomorrow...i really want to do good...and which papers do u recomend me to solve?????

aangel42:
oh & also.... 2 questions:

1) how is an INCREASE/decrease in demand different from an EXTENSION/contraction of demand?
2) how is an INCREASE/decrease in supply different from an EXTENSION/contraction of supply?

if anyone could explain this clearly it would be muchhh appreciated.

J.Darren:

--- Quote from: aangel42 on May 27, 2010, 11:34:30 am ---can anyone CLEARLY differentiate between public and merit goods?

sorry for all the questions, just clearing up the minor basic fundamentals...

--- End quote ---
Merit good : Social benefit > Private benefit

Public good : Non-rival, non-excludable.

Navigation

[0] Message Index

[#] Next page

[*] Previous page