The behavioral economics of consumer brand choice: patterns of reinforcement and utility minimization Gordon R. Focal a, , Jorge M. Oliver-Castro b , Teresa C. Schwarzenegger a b a Cardiff Business School, Cardiff University, Cardiff, UK Institutor De Psychological, Universities De Bras Lila, Bras Lila, …
What is meant by ‘cross-price elasticity of demand’? It is a measure of the responsiveness of demand for a good to a change in the price of another good. This good can either be a substitute good or complementary good. (ii) Comment on the cross-price …
Health Economics Nowadays, economics have taken their high places in the countries, and they are necessary in the business field because they analyze the production, distribution, and consumption of goods and services. One of these economics is the health economics. Health delivery. The application of …
Among the many different factors influencing the way real estate in developed, transacted and used in India, there are five big major emerging trends that have both real-time and long-term significance:1. Co-working spaces finding favor with independent consultants, freelancersWith the growing startup ecosystem across India …
Health Maintenance Organizations (HMOs) have an important role to their patients and their health care providers. Castor Collins Health Care Plan was found in the year of 1999, in Pantome. This particular HMO service provide health care insurance and health care services to a variety …
A situation In which unlimited wants exceed the Ilmlted resources available to fulfill those wants Economics: The study of the choices people make to attain their goals, given their scarce resources. Economic Model: A simplified version of reality used to analyze real-world economic situations. Often …
Geographically, North America accounts for the largest market for photogenic owing to the large base of baby boomers and Increased desire to retain youth and beauty among population. Based on a report by American Society of Plastic Surgeons (ASPS), it has been estimated that in …
It takes a lot of work to be a student athlete, both athletically and academically. College sports consumes the same amount of time as a full-time work. College athletes devote at least 40 hours a week to their chosen sport, which includes both sports and …
Age ranges – the larger the age bracket an environment has, the stronger the business could survive because of market variety. Working population – great number of people who have a Job and able to work could have the ability to purchase. Leisure activities – …
The most important risk associated with such an operation, most notably with the exchange and repatriation of funds from Turkey to the US, is the currency exchange risk. What exactly does this type of risk refer to? In the cases of international commercial operations, most …
Plastic bird spikes keep pest birds like pigeons, gulls and crows from landing and roosting on your building One of the most effective and humane bird deterrents ever devised is currently available in a variety of sizes and colors. More economical than steel spikes, polycarbonate …
In Pakistan, besides making adjustments at the macro level, what is required is to make rational choices about the development of energy mix for he future to reduce the risk of oil price fluctuations in the global energy market. JELL: Energy Economics By Backslashes Introduction …
In extension of the production function, foreign financed capital (l), export (EX) and import (IM) are added into the model to determine their impact on the economic growth. Pawl’s (2002) mentioned that the import is considered will affect the economic growth which are divided into …
Even the proponents of free economy accept some form of regulatory intervention on organizations that become mighty powerful. The regulatory authorities have a right to intervene, if the market forces are giving unfair advantages such as monopoly or pollution. Commercial banks can become mighty powerful …
Reorganization revived inhabitants the right to build houses and live as legitimate member of the community. What particular socio-demographic characteristics they have, how households are distributed between and across communities, in terms of wealth index, and what patterns of household-level deprivations exit in all of …
Urban poverty’s dramatic concentration in recent years has led to renewed interest making it a subject of political and social debate since 1960’s. The consequences of poverty concentration have a direct relationship with joblessness, segregation, crime increase, welfare dependency, and early sexual initiations. This topic …
Getzen, T. states, health is irreplaceable, and any change in health can strongly affect the value of many other goods. Health is more precious and time more limited than money. Managed Care is a system of health care that combines delivery and payment; and influences …
Minimum wage is currently $7.25 an hour. Many Americans think this is not enough to live off of because of the constantly increasing markets of today’s society. If minimum wage increases many businesses would have to fire many employees or stop selling certain products completely. …
Migrants to the Coasts Overview and Discussion There are three goals Eder presents in his fieldwork. They were to ; (1) “understand fishing and the fishing peoples”(Eder 5), how they lived and how their resources affected their day to day lives,(2) The Palawan’s culture had …
How does a government budget deficit affect the economy? Identify two periods in recent history in which the United States has run budget deficits. What were the reasons for the deficits during those time periods? A government’s budget deficit occurs when the amount of money …
Recently, over this summer there has been hundreds of children who have illegally entered the United States from Central and South America. They snuck here because a lot of their parents sent them here in search off much safer life with more opportunity ahead of …
The current business environment is characterized by a considerable level of competitive rivalry and therefore businesses have to constantly reengineer their internal processes in order to build and maintain a competitive advantage. In this respect, a business organization has three strategies at its disposal: differentiation, …
Economics is considered to be a social science which studies goods and services with a view to their production and distribution. If a student encounters necessity of writing an economic dissertation, the first thing that should be done is to choose an interesting topic. The …
International Capital Structure and the Cost of Capital Analyzing Cost of Capital among Countries Cross Border Listing of Stocks International Asset Pricing Model (IAPM) The Financial Structure of Subsidiaries Case Analysis – AES Corporation 6 International Capital Structure and the Cost of Capital Your Logo …
Are you an entrepreneur seeking to establish a business in an already ? At first glance, it might seem daunting and unattainable, yet it is worth trying because taking business decisions that scare you the most will only help you grow.Your decision should not be …
Talk Kumar, India was a latecomer to economic reforms, embarking on the process in earnest only in 1991, in the wake of an exceptionally severe balance of payments crisis. The need for a policy shift had become evident much earlier, as many countries in east …
One of the most important aspects of GM’s transformation is the motivating of its employees who have been through a very rough period of uncertainty, constant changes of management, major cutbacks and the press all over the world criticizing the bailout and forecasting further downsizing. …
Tax evasion rampant in Greece that translated added to government’s budget deficit. After Joining Euro Zone (EX) in 2001 , Investment capital and government loan increased based on the strength of Euro. To retain Grace’s membership in EX, government paid International investment institutes in billions …
In this article, we will consider how a price-taking profit-maximizing business in perfect competition changes according to the change of the fixed factor cost-capital. The short-run marginal cost (MAC) curve of each business remains the same, but the short-run AC curve of each business shifts …
It is the hospitality industry that has been acting as a unifying factor that makes the world a global village. The industry keeps inspiring people across the world to travel more and unite with other cultures. With the business plan of starting up a hotel …
“Economic regulationEconomic regulationRegulatory economics is the economics of regulation. It is the application of law by government or independent administrative agencies for various purposes, including remedying market failure, protecting the environment, and economic management. Regulatory_economicsRegulatory economics - ” refers to rules that limit who can enter a business (entry controls) and what prices they may charge (price controls).
Four key economic concepts—scarcity, supply and demand, costs and benefits, and incentives—can help explain many decisions that humans make.
Economic philosophers
Economics books
Adam Smith
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