Qualification > Commerce
ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
Name:
--- Quote from: aquarian93 on June 07, 2009, 09:06:52 am --- do i need to noe the advantages and disadvantages of all the business organizations, i.e sole trader, public limited, etc.?
thanks!
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yah just learn it in case, you never know with economics! just know limited liability, unlimited liability, partners can argue, sole trader gets all the profits but access to capital difficult...
Name:
--- Quote from: icyblind on June 07, 2009, 09:07:25 am ---what exactly is meant by government spending.
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this is money which is spent by the government. could be on:
public goods: goods and services which cannot be produced by the private sector and are good for the country .e.g. defense, streetlighting...
merit goods: goods which are good for the individual consuming them and good for society as well. e.g. vaccination
governments also spend money to increase production of declining industries to protect employment, to give money to those on low income (e.g. farmers), to subsidise merit goods, protect domestic industries from foreign competition...
Name:
--- Quote from: theigstudent on June 07, 2009, 09:07:52 am ---could somebody help me with substitute goods definition ???
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this is a good or service which could replace another good. for example, you can use slippers instead of shoes, or instead of boots i guess.
be careful not to confuse it with complementary goods (goods which are demanded with each other, eg dvd player and dvds)
anusha500:
what is the most serious cause of unemployment?
pranav41:
Hey people ....could someone pls post a definition on how to measure RPI ....for 7 marks pls !
Thx in advance
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