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Essay / Research Paper Abstract
This 8 page paper explains the meaning of several economic concepts. These include the role of supply and demand and what is meant by elasticity and how it can be calculated. The difference between nominal and real rates, with examples, the difference between flow and stock, different types of value such as face value, present value and future value. The paper also explains different types of financing, such as equity and debt capital, and different economy types; open and closed economies and the way they may be associated with capitalism and command economies. The final topic is foreign exchange rates and how the rates vary.
Page Count:
8 pages (~225 words per page)
File: TS14_TEdefeco.rtf
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Unformatted sample text from the term paper:
demand. These variants will always be in state of flux, with both the supply of the product, in this case housing, varying and the amount of demand also fluctuating due
to other related factors. Price will usually be determined by the place where the supply and demand line cross, where the supply exceed demand the price will drop until the
reduced price stimulated demand for a point of equilibrium to be reached, where there is a shortfall in the supply and demand exceeds supply the price will increase until the
price deters some purchasers and equilibrium is reached. This traditionally shown in graph form, see below Elasticity can be determined by the impact that the price
change will have on the overall income. elasticity of demand is based on the change that will be seen in the demand for a product when the price changes. In
most cases an increase in price will result in a decrease in demand. This calculation allows us to quantify the change. The calculation is relatively simple, the figures required can
usually be gained form the historical sales figures of a company. The calculation is in the form of a division, on the top of the division is the
percentage change in the quantity demanded, (this means the percentage change in the number bought if these are form historical figures), which is then divided by the bottom of the
division equation, this is the percentage change in the price of the product. An example of this may be if there is
a demand drop in the product of 50% and there has been a percentage increase of 50% the equation will be -50/50 leaving use with an answer of -1. The
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