Our group member; BNM

BNM group Assignment : Technology in Education Mior Mohamad Bohari Haji Jamaluddin G 1026381 Economics' Lecturer Kolej MARA Kuala Nerang Mohd Ramdan Bin Ibrahim Economics' Lecturer Kolej Profesional MARA Ayer Molek Amir Bin Jusoh G 1029273 Economics' Lecturer Kolej Profesional MARA Bandar Penawar Faizah Binti Idris G 1021100 Economics' Lecturer Kolej Profesional MARA Berana...

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What Production - Picture

What is Production Function ? Factors of production means inputs and finished goods means output. Input decides the quantity of output i.e. output depends upon input. Input is the starting point and output is the end point of production process and such input-output relationship is called as "Production Function". All factors of production like land, labour, capital and entrepreneur are required altogether at a time to produce a commodity. In economics,...

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assignment

Microeconomics essay assignment Students, you must obtain specific approval for your topic from the instructor before beginning! If you turn in a project without prior approval it will be a fail. Maximum pages, including graphs: 15. You must footnote sources and you must not copy and paste information from the internet. If you use internet sources, either put those sources in quotations or put those sources INTO YOUR OWN WORDS. Plagiarized sources will result in failure. 1. Compare prices of same product/service in at least ten different...

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Demand v/s Quantity Demand - Video

Demand v/s Quantity Demand The quantity of lemonade sold is affected by both its own price and other non-price facto...

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Tutorial 1 - Production Possibilities Curve

Please answer all questions. 1. Define economics? ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------. 2. Explain each of the economy's problems below. i. Scarcity --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------. ii....

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economy system - Video version

Economy system The video show the differences between command economies and market economies. Focus on mixed economy towards the ...

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example final exam ; chapter 1

Example of final exam questions"Chapter 1" Section A; Multiple choice questions. 1. Scarcity is a problem: A. measured by the amount of goods available.B. of the poor, but not the rich.C. because human wants are unlimited while resources are limited.D. only in industrialized economies 2. Which of the following is a characteristics of capitalism A. an economic system characterized by private ownership of resources and market.B. an economic system that include a mixture of command and market system.C. a system that answers the what,...

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Positive economy statement versus normative economy statement.

Positive economy statement versus normative economy statement. i. Positive economy statement is a statement which based on facts and not value judgement. Can be tested and verified. Example: Ethiopia is the poorest nation in the world. ii. Normative economy statement is a statement which is bases on value judgement and on personal opinion. Cannot be tested. Example: The government of Ethiopia is very inefficient....

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Basic economics concepts

The basic economic concepts.There are 3 basic economic concepts in relation to economics definition. i. Scarcity The problems of economics arise because we do not have enough resources to produce everything we want. The factors of production are limited and the amount of output that can be produced is also limited. It means that there are not enough available goods for everyone to freely take as much as they want. Due to this, we have to choose the best alternative of goods and services to be produced...

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economics systems

Economic systems A. Free market economy / capitalist / laissez faire Definitions - Is an economy system was operation without government intervention. Features: - Decisions are taken by individual and firm with no government intervention.- It usually associated with a pure capitalist, where land and capital are privately owned.- The price mechanism used in this system whereby changes in price in response to change in demand and supply have the effect of making demand equal to supply. Advantaged: -...

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