Economics managment

The account lean model is defined as the flow of resources from households to firms and of products to firms from households. These flows be accompanied by reverse flows of money from firms to households and from households to firms. The circular flow is comprised of the resource market, households, product market, businesses, and the government.

Macroeconomics - The study of the aggregate (total) appearance of the whole economy.

Macroeconomics Aggregates:

- Unemployment rate: Percent of people in the get force is not working but searching for work.

- pomposity rate: Percent rise in the average terms of all goods and services.

- GDP: Dollar value of all last(a) goods and services produced within a country in a given year; output

A Market is an institution or chemical mechanism which brings together buyers (demanders) and sellers (suppliers) of particular goods and services.

The Forces of supply and demand - In the united States and in other free enterprise systems, the distribution of resources and products is persistent by supply and demand. Demand is the number of goods and services that consumers are automatic to buy at different prices at a specialized time. A fundamental characterisic of demandis all else being constant, as prices fall, the mensuration demanded rises. Vice versa all ther things remaining the same as price increases, the corresponding quanity demanded falls.

Supply - The number of products-goods and services that businesses are willing to sell at different prices at a specific time. As price increases, the corresponding quantity supplied increases; as prices fall, the quantity supplied also falls.

Equilibrium Price - The supply and demand curves intersect at the point where supply and demand are equal. The price at which the number of products that businesses are willing to supply equals the amount of products that consumers are...

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