What are the Indicators of market potential according to Economic factors?

Q: What is economic justice and should there be a Hippocratic Oath for economists?

A: GIVEN DATA Views on economic justice and whether should be there  Hippocratic oath for economists

Q: Are all efficient outcomes also equitable? explain.

A: Economic Efficiency is defined as when all the resources that are scarce are evenly used and…

Q: What are the types of market failures in an economy? and gave two examples of each.

A: Market failure occurs when the price system in the economy fails to factor in all the economic…

Q: Why do we have markets, and according to economists, what role should government play in them?

A: Market is a place where the goods and services produced by the companies are exchanged in return of…

Q: Define MARKET FACTORS?

A: In a market, when talking about market factors, they are the variables that has the potential to…

Q: If economic laws are applicable in real world?

A: Economics is based on the activities of real life. It analyses the economic activities and then…

Q: What are the different effects of MARKET FAILURE on humans, society, and the economy? Give at least…

A: defination: Market failure happens when the value component neglects to represent the entirety of…

Q: Market failure means that?

A: The reasons for the market failure can be due to the: positive and the negative externalities,…

Q: What are the variables for sustainability for hunger?

A: sustainability development refers to the idea that human beings society must live and meet their…

Q: What are the features of the human wants in economics

A: Features of Human Wants: Wants are limitless: Human needs are innumerable in number and different in…

Q: What about s the practical importance of economic law? Explain in 250 words

A:

Q: Is applied economics related to tourism and hospitality

A: Applied economics: It is the use of monetary hypothesis to decide the probable results related to…

Q: Why economics is arts group

A: Economics is a social science as well as art which defines human behavior with the motive of…

Q: What is the role of Econometrics in Economics or in Agricultural Economics?

A: When studying economics, it can be seen that economics is divided into different parts according to…

Q: In a market economy?

A: In a market economy, prices of goods and services and allocation of resources are determined by…

Q: What are the economics market

A: The market is a location where the transaction of services and commodities takes place.

Q: You and other college students are deciding whether to major in music or engineering. You learn that…

A: Please find the answer below.   EQUILIBRIUM: Market equilibrium and economic equilibrium are two…

Q: He described economics as a science of material welfare A. Robbins B. Marshall C. Ricardo D. Keynes

A: According to the given question In simple words economic as a science of the material welfare…

Q: What is social policy?  What are some examples of social policy?

A: Social-policies are the policies that the government(G) and the legislatives make in order to bring…

Q: What is scarce in economics

A: Economics is a subject of social science. It is commonly said that economics is the queen of social…

Q: What are the two types of market failure and how are they corrected? Why doesn't the market self-…

A: Market failure is when the demand and supply of goods and services in an economy fails to produce…

Q: What are the economic markets

A: There are many economic market structures which are differentiated by ts characteristics. All…

Q: What kinds of inequalities we are facing in "free market" according to Milton Friedman?

A: Free market also known as capitalism where economic decision is taken by the market forces with…

Q: Why is economics a social science subject

A: Economics can be defined as the study of people, societies, government and the businesses and how…

Q: What is economics study?

A: Economics study is the study of how limited and scarce resources are employed to produce goods and…

Q: How does a market failure cannot deliver theoretical benefits and what are its effects on the…

A: Market failure is a balance designation of assets that isn't Pareto Optimal - the likely reasons for…

Q: Economics Significant?

A: Economics is study of human behaviour under scarcity and tradeoffs  Human wants are unlimited but…

Q: How does sociology affect the economics of a region?

A: Economic sociology employs sociological methods to study economic phenomena such as businesses,…

Q: What defines market equilibrium? How about market disequilibrium? What are the contrasting…

A: Market equilibrium is attained when demand in market is equal to the supply in market. The…

Q: What Is Economic Conditions?

A: Economic Conditions: It is the present condition or state of the economy of a country. This…

Q: What is the scope of agricultural economists

A: Agriculture Economies is the study of how finite resources are allocated among competing and…

Q: what is Adam's smith theory on The Invisible hand of a Market Economy

A: In economics, Adam Smith gave his significant contribution to understand the concept of market and…

Q: How do prices communicate to economic actors?

A: According to prices economic actors behave. For example with less price economic actor demand…

Q: As we know everything hsa and every subject has its laws, Define the laws of Economics?

A:

Q: Market mechanism in economics

A: When it comes to some private commodities, government intervention in the market process might…

Q: What are the advantages of a free market economy?

A: A free market is a type of market economy where prices for all goods and services are regulated in…

Q: What is ecological about ecological economics?

A: Ecological economics examines the world and draws interdisciplinarily from principles of biology,…

Q: Which of the following is true?

A: The tax revenue is the income of the government. The tax earned would result in the income for the…

Q: In a market economy, what is the central coordinating mechanism? How does a market economy solve the…

A: Hey, thank you for the questions but according to our policy we answer only one question per…