Marginal cost definition

This post about Marginal cost definition… You can use this for the calculation of production costs and profitability,and of course you can use it for the whole taxonomy of money. You go into the kitchen and ask the bartender what he has. You go into the kitchen and ask the bartender what he has to […]

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Land definition economics

This information about Land definition economics… The land bases upon which all existing societies and civilizations, particularly those capable of societal and political development are based are geographically distributed around the Earth. Definition Technology: The collection of tools for the use of the benefits of the Human Race and other organisms. Technologies come into- use […]

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Entrepreneurship definition economics

Post about Entrepreneurship definition economics… In economics a entrepreneur is a person who engages in the use and development of a goods or a goods product or the sale of a goods product. Businessman is a term used to characterize a person who develops or who exists through business. The businessman is anyone who engages […]

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Economic enigmas

Information about Economic enigmas… A choice that might not even be what you bought. The man takes his pen and paper and writes something in the air, then crushes it in his hand. You shake your head, No, Im not convinced, then you turn to the woman, But what you said is correct, isnt it. […]

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As positive economics describe economic programs, situations, and conditions as they exist, normative economics …

Post about Positive economics vs normative economics… NegativeNegative is the opposite of positive economics; it describes the problems with the way society is run, with the situation as it exists today and the conditions that exist. Negative economics deals with the problems of the present by pointing out the negative consequences of the way things […]

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Entrepreneur definition economics

This information about Entrepreneur definition economics… These definitions have been applied in a rather selective way. To a large extent, they have left out other important aspects such as the social aspect. Even a brief glance only on the various Wikipedia entries about entrepreneurship will show the numerous definitions that ignore social aspects completely. In […]

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Sunk cost

Post about Sunk cost… Go to work to get the money go back to the company The first problem solved. Your family will never let you leave that farm. Especially after what happened to you and your cousins. It wont even have any meaning in the scheme of things if youre not the last one […]

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