Answer: Primarily, Brexit refers to the exit of the United Kingdom from the European Union trading bloc. The exit is expected to be effective from March 2019.Following the Brexit vote, the United Kingdom economy has experienced both good and bad changes. Positively, the United Kingdom operating firms have the freedom to choose newer markets, make own trade deals, implement their own trade policy which was not available to them under the Europe...Read More
Answer: Introduction: Economics is a field of study focusing on the resource utilization with emphasis on the dynamics of choice, optimization and generation of an outcome. Adam Smith(1976) referred to economics as a science which inquiries into the nature and cause of wealth of nations this is also backed by Alfred Marshall(1890) which has focus on action most closely connected with attainment and use of material requisites of well-bei...Read More
Question: Discuss about the Agriculture and Rural Labour Markets. Answer: Introduction Economics as a discipline, has undergone immense dynamics and integrations over the years with the conceptual framework and theoretical assertions modifying according to the dynamics seen in the global economy and in the behaviour of the different economic agents, producers and consumers mainly (Hall and Lieberman 2012). The economic princ...Read More
Questions: 1.Explain intuitively why Apple’s revenue has increased after the average sale price increase, even though the quantity sold fell. 2.Given that the average sale price of an iPhone increased from $694 in Q1 2017 to $796 in Q1 2018 (Gartenberg, 2018), calculate the price elasticity of demand for Apple iPhones. 3.Draw a representative demand curve for Apple iPhones, which is consistent with your answer to pa...Read More
Questions: 1. What was the main cause of the Global Financial Crisis (GFC) and why it has spread internationally? Do you believe that it could have been prevented? 2. One of the tools Australia and many other countries have used to fight the recession trends was to cut cash rates. The Reserve Bank of Australia has itself cut the cash rate from 6.75% in January 2008 to 2% in January 2016. Why do you believe central banks all over the world are u...Read More
Question: Discuss about the Alcohol and Tobacco Markets In US. Answer: Introduction In United States, there is a growing concern for rising consumption of cigarette and alcoholic beverages. In order to put a restriction on cigarette consumption tax rates on cigarette has increased. The tax policy is successful in reducing cigarette demand. it is found that when cigarette demand reduces then beer and spirit demand also reduce...Read More
Question: Discuss about the Market Structure of Retail Industry in UK for Tesco. Answer: Introduction The objective of this report is to analyze on the market structure of the retail industry in the UK. The chosen organization for this study is Tesco Plc that operates in the retail industry of UK. This company has been ranked as the third biggest retailer in the globe in terms of profit and ninth biggest in terms of revenue (Ri...Read More
Question: Discuss about the Factors Affecting the Stock Market for Currency. Answer: First-time investors in the stock markets should consider familiarizing themselves with the sector to avoid falling victims of the related risks. They have to research in the field extensively and maximize the opportunities to heighten their profits. The stock markets are often competitive, and thus one needs to apply different and more distingu...Read More
Question: Discuss about the Economic Concepts Related to Demand and Supply, Elasticity. Answer: Introduction The dynamics of any business is driven by the underlying demand and supply forces related to the underlying product or service offered by the business. These dynamics are critical to business decision making and also have a significant impact on the underlying profitability of the business activity. In this backdrop, ...Read More
Question: Discuss about the Economic Performance and Policies Implications. Answer: Introduction: Today, Russia is at the forefront of FDI growth. For years now, FDIs have been a significant source of foreign capital and funds for the Russian economy. Since 2013, Russia has been a lucrative investment destination that attracts investors from all over the world. During this year, the country was ranked at position six, as the...Read More
Question: Discuss about the Marketing Strategy Report Based on Sanspareils Greenlands. Answer: Introduction This paper is a study report on the Sanspareils Greenlands (SG) business. It will present a study report on the four main areas. These areas will include introduction to the SG business and its business environment, production cost and sales, macro business environment and sustainability practice. Sanspareils Greenlan...Read More
Question: Discuss about the Business Cycles Aggregate Demand and Supply. Answer: Introduction: It is an oligopolistic market structure made up few large firms that dominate the market. Woolworths and Coles supermarket have a cumulative market share of 80 percent. Thus, they have a significant market power and influence the market prices and quantity of goods. As such, Coles, through its large market share has reduced its pri...Read More
Question: Discuss about the Economic Interaction Between Natural Monopoly and Regions. Answer: Introduction This study is helpful to understand the reason why government of Australia want to set the price charged by the natural monopolies at the level where demand curve intersects the average total cost. Firstly, this study has tried to provide the concept of natural monopolies. In this study, the example of natural monopoli...Read More
Question: Describe about the Modern Business Microeconomics. Answer: Introduction As per the given situation, the lone supplier of the good is me. The objective is to realise maximum revenue by bringing about relevant changes in the product price. In this regard, it is imperative to note the following relation. Total Revenue = Price * Quantity Also, it is noteworthy, that price and quantity tend to be inversely related for normal ...Read More
Question: Discuss about the De Industrialization and Entrepreneurship. Answer: Introduction: As per the statement of Assenza et al., (2015), it can be mentioned that in the monopolistic competitive market structure, there are large number of producers. The products, which are sold by these producers, are differentiated from each others. Therefore, it can be stated that the products are not perfectly substitute. In addition, ...Read More
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