Posts

Showing posts from September, 2010

Microeconomics Could Serve You Well

Image
Well, it looks like many small towns and communities throughout the United States now take bull by the horns, and work with associations of local economic development, city analysts, and trading rooms. They want to get their economy cooking again, and they are tired sigh and moan, and complain about the global economic downturn, the price of real estat, and all the "For Rent signs" in the center of the shopping-center business is no longer in LB. City government know they need the tax receipt to those small businesses want less regulation, and those who wish to work openly. But before you go and join one of the organizations or start installing two cents, I believe you need to know a little about the micro economy. Now, you may be able to go online, or go to the bookstore and take a book on the topic. However, if you really want to learn the basic principles of micro economics, I suggest you read some of the older text books until you have a good working knowledge base. I rea

Micro Economics - Understanding the Law of Demand and Supply

Image
Micro-economy is a concern with Determining the price we pay for products and services. What is the output required by the market. The effects of government intervention in market forces. Understanding the micro-economy will help us to analyze the nature of the offer and demand concepts and how they affect the operation of a market economy. A. Request In the case of the micro economy, demand is defined as the relationship between product prices and customers' desire to buy a certain quality.The laws also demand to price and quality of the sale, if such price increase in the quality of product sold decrease and the price, the quality of reduction products sold increased. B. Supply Supply results reflect the readiness of suppliers to produce and sell at market prices that occurred and these factors affect all high supplier. provided. For most products, the amount offered will be increased by increasing the price level, all other factors remain constant. Supply law determines as a) th