Economics : Page - 7

Gross Domestic Product (GDP)Discuss about the Gross Domestic Product Economy. The Gross Domestic Product (GDP) of a country is defined as the final monetary value of all the goods and services produced within the boundaries of the country in a given financial year. (Mankiw, 2006) The GDP of a closed economy is mainly composed of private consumption expenditures, private and public investments and government expenditures. (Dornbusch, Fis...

Question: Define about The Costing Methods Analysis.   Answer: Introduction: Costing Method is the name of a ‘tool box’, which is used by the authorities, decision makers of the organizations. In this box, there are various types of methods by which cost accounting is prepared. Different industries in the economy follow different kinds of ways to obtain their cost. The choice of technique from the 'tool box' depends on the...

Question: Evaluate the system for the taxation of returns on property holdings (owner occupied or investment property). What is its effect on: - equity - housing prices - the economy?   Answer: Evaluation of Taxation on Return of Holding Property: In Australia, there are many factors affecting the system of taxation on the return of the property holdings. The properties are owner occupied and investment property. In this study, there ...

Question: Discuss about the Scarce Resources.   Answer: Scarcity of resources implies the presence of fewer resources than what is demanded or needed to fulfill human wants and needs. These resources can be from any source, be it labor, land or capital resources. The problem of scarcity reflects the need to make sustainable economic decisions to manage the availability of resources that are needed for human needs (D’Esposito...

Product Differentiation and Economic ProfitDiscuss about the Economics for Business of Monopolistic Competition. The main motive of a firm is to maximise the profit. The product differentiation is a procedure of the firm to ensure its customer that its product has slightly different characteristics than its close substitutes. The product differentiation helps to achieve greater economic profit to the firm. Economic profit is the differenc...

Discuss about the case study Meal for Food, Families and the Market. Competitor Name Maggi Koka Nissin Position strategy ·         Maggie has positioned itself as the ‘the 2-minutes noodles (Ekström, 2016). ·         In the view of the customers, it is easy to cook and good to eat. ·&...

Describing the issuesDiscuss about the case study Business Strategy for Managerial Economics. This project analyses a business strategy of a mobile service provider. With technological improvement day by day, competition in product market is growing. To keep parity with the current trends, mobile service providers adopt various strategies. There are both advantages and disadvantages of the strategies. Application of Game theory helps to...

The Relationship between Capital Accumulation and Economic GrowthHow Capital accumulation is directly related to economic growth? Explain. Capital accumulation is directly related to economic growth. As capital per labour increases for a given technology, marginal productivity of the labour rises. Excess employment of capital per labour reduces productivity of the labour, when amount of labour is fixed. As productivity of labour rise...

The Economies of Australia and ChinaDiscuss about the Economics for Business for GDP.  The prime purpose of this study is to discuss the GDP (Gross Domestic Product) comparison between two countries. In order to elucidate the topic, the study has considered the countries Australia and China. Through elaborating two different economies of these countries, the study establishes a clear knowledge about the topic. In addition, the s...

Using the Expenditure Method to Calculate GDP Question: Discuss about the Economics Assignment for Gross Domestic Product. Gross Domestic Product (GDP) of a country is defined as a sum total of all final goods and services produced in an economy within the territories of the countries. There are three methods of calculating GDP, income method, expenditure method, and production method. In income method, the annual income of all individuals of ...

Methods of Measuring GDPQuestion:Explain about the Gross Domestic Product. In current, GDP (Gross Domestic Product) is considered as one of the major quantitative technique that plays a significant role in order to measure economic activities of a nation. Along with this, GDP is also valuable to signify the monetary value of all goods/services that are produced within geographic borders of a nation over a particular period of time. Moreover...

Salient Features of Grey Teak Technology WebsiteQuestion:Write a report about the Grey Teak Technology of Australia. The report highlights some of the main features of the website of the company Grey Teak Technology of Australia. The head office of the company Grey Teak Technology is situated in city Melbourne of Australia. The company mainly deals with the development of software for its clients. The company has launched a new website for ...

The Significance of GDPQuestion:Compare Australia with any other advanced economy and discuss their GDP last 2 to 5 years and factors affecting their GDP. It is well-known that, at the present time, Gross Domestic Product (GDP) is measured as a powerful tool and techniques that plays a significant role in order to evaluate the economic as well as financial heath and position of a nation. On the other hand, it soul also be noted down that, G...

Selection of Thirteenth Plan of Nepal for the national development policyQuestion:Describe about the Policy Analysis. The principal aim of developing this paper is selecting a particular policy at the national context of a country devised by the government in aid to promote the development throughout the nation. After that, achieving the significant objective of the document will be done, which is analysing the contents and strategies adopt...

Factors affecting GDP growth rateQuestion:GDP- Compare Australia with any other advanced economy and discuss their GDP last 2 to 5 years and factors affecting their GDP. Now a days, GDP (Gross Domestic Product) is measured as one of the major approach that assumes a huge part keeping in mind the end goal to gauge financial exercises of a country. In addition to this, GDP is significant to imply the money related estimation of all products/b...

Details of the tax cut for small business ownersQuestion:A  report on the government’s tax cut for small businesses.  In the federal budget of 2015, the government announced the tax cut for small business owners. The prime minister confirmed that the tax cut will be 1.5% for the small business owners in Australia, whereas the big business owner will not receive any kind of tax deductions. This tax regime opted by the government ...

GDP; the ConceptCompare Australia with any other advanced economy and discuss their GDP last 2 to 5 years and factors affecting their GDP  The gross domestic product or GDP is generally known as the measurement of economic growth of a country in terms of quantity (Arnold, 2008). More precisely, it is better known as the value of the commodities that are produced within a country in a specific time period like one year. The GDP is a s...

What is economic growth?What is economic growth? CompaReferencesre Australia with any other advanced economy or developing country and discuss their economic growth during last 5 years and its effects on the society. (both positive and negative).  Economic growth is the continuous change in aggregate output over time. Economic development is the persistent increase the welfare of a population. Without economic growth there is no ec...

Steps taken by the Japanese government to recover the economyDescribe about the Macroeconomics for Theory of Unemployment. The article discusses the recovery of Japan’s economy after the recession in the first quarter of the year 2015. The Gross Domestic Product has increased by 0.4% in the first quarter i.e. during the period between January to March and annually 1.7%  The rise in the GDP was mainly due to the boost in consume...

Question: To demonstrate the master budget and all of the supporting budgets, use the data set provide to complete a comprehensive budget problem?   Answer: Solution: 1 Cash Collection Budget Particulars January February March Quarter Cash Sales  $    24,000.00  $ 27,600.00  $ 29,700.00  $    81,300.00 Credit Sa...

Purpose Of The StudyDescribe the factors that determine the price of mobile phone devices in a free market. In recent years, the price of an average mobile phone has continued to fall even in the face of increasing demand. Explain with the aid of a diagram how this has occurre? In the world of innovation and advancements, the expansion and growth of the mobile phones and technologies has come up to the forefront and gained huge attention ...

Background of the Study1. Understand the context within which the research investigation sits: What is fracking and how can it replace the current fossil fuels. 2. Identify and examine current literature on the topic, and explore any gaps in previous research.  3. Explore the key attributes of fracking and how the process impacts both the oil and gas industries and the environment surrounding it.   4. Analyse t...

Comparison of Operation Strategy of Apple, IBM and SamsungDescribe about the Decomposition of Coal Consumption in China Based on The Energy Allocation ? The operation strategy of any organizations usually differs from other organization. Organizations’ highly invest their time in building strategy for the purpose of earning better market growth, customer base and better productivity from their operation. Therefore, the current ass...

ActivitiesDiscuss about the Teachers Learning for Professional Development and Education? The learning context in this chapter finds variable position of personal and professional development that develops various skills, knowledge, objectives and behavior in this research. To make this idea evident, I will find a definite area that will make my development good on varied sections of learning content. It would also reflect to my future ...

Reasons behind the fluctuation of oil priceHow Oil Price Affect Aggregate Supply Of An Economy? Various economic researches have been done on global oil price shock during the last few decades. To understand the relation between global oil price shock and global economy many empirical and theoretical models has been emerged by an economist. The global economy is suffering from various oil price shocks since 1970. Oil price shock is an e...