What do you call the amount of money that is paid for a good or service?
Price. The amount that people pay when they buy a good or service. What is the continued exchange of money for goods and or services called? In trade, bar...
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How fast did cars go in the 1950s?
American cars made in the 1950’s could top out from 65 to 100 mph depending on the make, model and engine size. What was the fastest car in 1951? Hudson H...
What is meant by demand curve and demand schedule?
A demand schedule is a table that shows the quantity demanded at each price. A demand curve is a graph that shows the quantity demanded at each price. Som...
What counties are in OPEC?
Currently, the Organization comprises 15 Member Countries – namely Algeria, Angola, Congo, Ecuador, Equatorial Guinea, Gabon, IR Iran, Iraq, Kuwait, Libya...
What is the budget for poverty?
According to CBO, the mandatory portion of the federal budget includes almost $800 billion for means-tested, anti-poverty programs this year — enough to c...
What is the role of microfinance in economic development?
One of the largest roles that microfinance has in local economies is helping to provide low-income and poor families with the means to becoming financiall...
What do you mean by special economic zone?
A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a countr...
How does fiscal policy cause inflation?
Turning specifically to the effects of monetary and fiscal policy, Cochrane finds that a monetary-policy shock—in the form of an interest-rate increase un...
What are the categories of service mix?
Categories of Service Mix A pure tangible good such as soap, toothpaste, or salt with no accompanying services. A tangible good with accompanying services...
What Organisations are trying to stop poverty?
The biggest ten charities we can think of who help people in poverty are listed below Oxfam. Save the Children. ActionAid. CARE International. Christian A...
