Difference between Gross and Net Amount:- It is very common to hear the terms of gross and net , both when it comes to wages, as when we look at the income statement a company or when we say a macroeconomic data. The gross and net measure the same magnitude , but they are different concepts and must know how to distinguish them so that there is no confusion. The two concepts are quantitative expressions used for the calculation of economic magnitudes.
How has the year 2016 been for the World Economy? Large economic changes occurred in 2016, such as central bank monetary policies and the rise in raw materials (mainly oil). There have also been major political changes that have affected markets. Just two days after the end of the year we analyze the great economic changes that have taken place this year.
The year 2016 has been characterized by its economic changes, but what awaits us in this New Year? We analyzed the five major challenges facing the economy worldwide in 2017.
Elasticity of Supply Definition and Ways to Calculate it:- Given an increase in the price of a product (or service), the suppliers usually react by increasing the quantity offered. Similarly, in the face of a decrease in the price of a product, the producers of the product usually react by decreasing the quantity offered. In case of some products, the reaction may be large, in other cases small. How to measure whether these variations are large or small?
The Elasticity of Demand | Definition & Formula:- There are some goods whose demand is very sensitive to the price, small variations in its price because large variations in quantity demanded. They are said to have elastic demand. Goods that, on the other hand, are not sensitive to price are those of inelastic or rigid demand. In these can produce great variations in the prices without the consumers vary the quantities that demand? The intermediate case is called unitary elasticity.