Economics-Inflation
Economics-Inflation Inflation is one of the most listened topics these days. Inflation can be defined as a sustained increase in the general price level. It is usually measured by the Retail Price Index (RPI). This is a weighted average of retail prices. To calculate it, goods and services are given different weights according to the percentage of income that households spend on them. Weights are determined by the results of the Family Expenditure Survey. Inflation is caused by: Too much of demand in the economy. This is called demand pull inflation. Ex : if the demand increases for a certain…
Read MoreSupply Chain Management UK Assignment Help
Supply Chain Management The study of Supply Chain Management has gained a lot of importance in today’s business management. There is a lot of significance attached to Supply Chain Management these days because of the interconnection between businesses in a global environment where in order to assemble a product, a company needs to procurement of components is done through a minimum of two or three countries. The subject has a wider scope as it covers al most all the concepts related to movement and storage of raw materials, intermediary goods and finished products from point of origin to the point…
Read MoreUnderstanding Managerial Economics
Managerial Economics Managerial Economics is the science of directing scarce resources to manage effectively. Whenever resources are scarce, a manager can make more effective decisions by applying the discipline of managerial economics. These may be decisions regarding customers, suppliers, competitors or the internal workings of the organization. It does not matter whether the setting is a business, not for profit organization or home. In all these settings, managers must make the best use of scarce resources. Scope of Managerial Economics Managerial economics must be distinguished from microeconomics and macroeconomics. Microeconomics is the study of individual economic behavior where resources are…
Read MoreEconomics- The Demand for Money
Economics- The Demand For Money The demand for money is he quantity of monetary assets, such as cash and checking accounts, that people choose to hold in their portfolios. Choosing how much money to demand is thus a part of the broader portfolio allocation decision. In general, the demand for money – like the demand for any other asset – will depend upon the expected return, risk and liquidity of money and other assets. There are two features of money that are particularly important. First, money is the most liquid asset. This liquidity is the primary benefit, of holding money.…
Read MoreMacro Economics
Macroeconomics is the study of the structure and performance of national economies and of the policies that governments use to try to affect economic performance. Important branches in macroeconomics include the determinants of long-run economic growth, business cycles, unemployment, inflation, international trade and lending and macroeconomic policy. As macroeconomics covers the economy as a whole, macroeconomists ignore the fine distinction among different kinds of goods, firms or market consumption. The process of adding individual economic variables to obtain economy wide totals is called aggregation. The activities engaged in by macroeconomists include forecasting, macroeconomic analysis, macroeconomic research and data development. The…
Read MoreSocialization in Sociology
Socialization may be broadly defined as the inculcation of the skills and attitudes necessary for playing given social roles. In this light, it has unquestionable theoretical relevance for social anthropology. Roles and role systems are central to the anthropological field of study however one chooses to approach it and they can scarcely be conceived of as existing or functioning without some provision for socialization. Socialization is more than the training of children and the immature. There are cultures where it is normal for a person to remain marginal to all the major social systems up to the age of thirty…
Read MoreSociology Groups and Organizations
Sociology Groups and Organizations the study and understanding of social groups and organizations is central to sociology. We live most of our lives within social settings, so sociology is actually a study of our experiences within groups. Sociologists devote much attention to groups of all sizes and characteristics. Much sociological study investigates “how individuals are shaped by their social groups, from families to nations, and how groups are created and maintained by the individuals who compose them” – Kimmel 1987 Social Groups The term group has a specific definition in sociology that differs from everyday usage. In everyday language, almost…
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