Qualification > Commerce
IGCSE ECONOMICS DOUBTS HERE !!!!
SmartLooser:
In 2007, there was an increase in demand for holidays using cruise ships as people wished to
avoid long delays at airports caused by increased security controls.
Q1: Identify a complementary (jointly demanded) good or service industry connected with cruise
ships and discuss the possible employment prospects in that industry as a result of the
increase in airport delays.
Q2: Some countries rely very heavily on the tourist industry. Discuss the possible consequences
of the delays at airports for the economy of such a country.
SmartLooser:
(d) Analyse why different income groups have different spending patterns. Specify which groups and consider level of spending and also type of spending.
Dasith:
--- Quote from: $~SauD~$ on March 31, 2011, 04:48:38 pm ---I need good and simple definitions for all accounting principle (i.e. Going concern, prudence, Materiality and etc.)
--- End quote ---
i think i made a post for this some where , u can search it !! :D
Star xD:
Can someone please explain the concept of Comparative Advantage? I've tried a lot of times but I just don't seem to understand :(
Thanks a lot. :)
Dasith:
--- Quote from: Star :D on October 17, 2011, 05:26:14 am ---Can someone please explain the concept of Comparative Advantage? I've tried a lot of times but I just don't seem to understand :(
Thanks a lot. :)
--- End quote ---
Comparative is when a country has a reletive advantage of producing one good , when compared with another county. If a country can produce good X giving up less of another ,say good Y ( low opportunity cost in producing X) than another county , then that country is said to hav a comparative advantage. In comparative advantage we only see how much should be given up to produce another, not how much it can produce.
if u tried any specific question & find it difficult to understand plz post it here , i might be able to help u more then
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