. What is economics, and how can you benefit from understanding basic economic concepts?

Q: Why is competition an important element of the free market system? Bring current examples of…

A: Competition for the market implies the attempts and competitive strategies followed by the firms to…

Q: Based on your reading of Chapter 13, "Entering Developed and Emerging Markets," current research,…

A: Expanding business operations into international markets can offer significant opportunities for…

Q: Why should the analysts be aware of ever-changing market conditions and make adjustments which are…

A: The condition of the market is related to the attractiveness of the market. The attractiveness of…

Q: Did the Enron scandal promote regulated or deregulated markets?

A: Enron Corp.'s story shows a business that rose to impressive heights before experiencing a…

Q: Please explain what is the limitation of Keynesian Theory and how this limitation connects to the…

A: Economic condition of the countries cannot be predicted. When there is an inflation and…

Q: The Invisible Hand of a Market Economy 1. Adam Smith, in The Wealth of Nations, said the "invisible…

A: Adam Smith, often regarded as the father of modern economics, introduced the concept of the…

Economic Trends

An economic trend is the long-term direction of an economy. The trend can go up, down, or sideways. An upward trend means the economy is growing and wages are rising. A downward trend means the economy is shrinking and unemployment is increasing. A sideways trend means the economy is neither growing nor shrinking.