Economics/Business
Economics
Economics is the social science that studies how individuals, businesses, governments, and societies allocate scarce resources to satisfy their unlimited wants and needs. It is concerned with the production, distribution, and consumption of goods and services, and the decisions and behaviors of individuals and institutions that shape these processes.
By reading the intensive articles of Englopedia.com you will grasp that it is a broad field that encompasses various branches and subfields, including microeconomics, macroeconomics, international economics, labor economics, behavioral economics, and many others. Microeconomics focuses on the behavior of individuals and firms, while macroeconomics looks at the overall performance of the economy, including issues such as inflation, unemployment, and economic growth. International economics examines the flow of goods, services, and capital across borders, while labor economics focuses on the behavior of workers and employers in the labor market.
Englopedia will make you aware that Economists use a range of tools and techniques, such as mathematical modeling, statistical analysis, and experimental methods, to study and analyze economic phenomena. They aim to understand how markets work, how individuals and institutions make decisions, and how public policies and institutions impact economic outcomes.
Through the leading articles of Englopedia you will realize that Economics has significant implications for individuals, businesses, governments, and societies, as it can inform decisions related to investments, production, taxation, trade, and social welfare policies. It is a crucial field of study for understanding the functioning and dynamics of modern economies and for addressing pressing global issues, such as inequality, climate change, and economic development.
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Strategic marketing definition Strategies Benefits and Examples
Strategic marketing The strategic marketing , is in charge of studying the market to achieve its human language. The
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What is a mathematical model its working Classification examples and importance
Mathematical model The mathematical model tries to establish the connection between the existing planning in a company to be able to carry…
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Mutuality definition legal profession Characteristics and Examples
Mutuality The mutuality is the association of people predestined to help each other, each associated perform a commit that can be sustained…
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Point Estimation definition with determination importance and example
Point Estimation The Point Estimate is a population measure where a single value is used to evaluate this quantification, that is, a…
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Finance coverage definition with Advantages and Disadvantages and Examples
Financial coverage The definition of finance coverage of the company is a strategy widely used by investors, with the intention…
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Political marketing definition its strategies Characteristics and Examples
Political marketing The definition of political marketing is the system that is responsible for promoting reciprocity between a ruler, candidate…
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Break even point of a company its purpose methods and elements
Break even point The break-even point is established through a calculation that serves to define the moment in which a…
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Equilibrium Point Formula and Steps to find equilibrium point
Equilibrium Point Formula In accounting, the break-even point is the level of activity in the volume of sales, in which…
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Elements of the Balance Point and how it works and importance
Balance Point The Balance Point is established through a calculation that serves to define the moment in which a company’s…
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How to find equilibrium point and Breakeven analysis
Equilibrium Point The term equilibrium point is used within economics to define the sales levels that must be achieved to cover total…
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