Entrepreneurship.

Posted on Posted in Economics

1.What makes someone a successful entrepreneur? What characteristics are needed? In recent years who have been some of the most influential and profitable entrepreneurs? 2.Do you really think that producers take the time to calculate AFC, AVC, ATC, MC or any of the other concepts presented in this module? 3.In what ways do implicit costs […]

The Foreign Exchange Market – Big Mac Index

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Sometimes, analysts use the price of specific products in different locations to compare currency valuation and purchasing power. For example, the Big Mac Index compares the purchasing power parity of many countries based on the price of a Big Mac. Locate the latest edition of this index that is accessible. Identify the five countries (and […]

Martitime Economics.

Posted on Posted in Economics

You are operations assistant for a dry bulk ship owner, responsible for the commercial operation of the company�s supramax bulk carriers. The company is considering bidding for the annual shipment of coal to Pakistan Steel Terminal at Port Muhammad Bin Qasim, Karachi. The tender notice contract invites freight offers (US$ per tonne) for the transport […]

Economic system

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Discuss the extent to which a country moving from a centrally planned economy to a more market driven economy is in the interest of both consumers and producers *Distinguish between the three types of economic system : free market system ,Command economies and Mixed economies *Discuss the advantages and dusadvantages of each of the economic […]