Introduction to Economics and Business E-Book

Rumi Michael Leigh

• Herausgeber: BookRix
• Kategorie: Fachliteratur
• Sprache: Englisch

Veröffentlichungsjahr: 2024

Beschreibung

Master the essentials of economics and business with this comprehensive Q&A guide! Designed for students, business owners, and curious minds alike, this book simplifies complex economic concepts through a clear question-and-answer format. Whether you're preparing for an exam, running a business, or just want to understand the forces shaping our world, this book is your go-to resource for practical, digestible insights.
Key Features:

• Simplified Explanations: Complex economic and business concepts are broken down into easy-to-understand questions and answers.
• Wide-Ranging Topics: Explore macroeconomics, markets, inflation, labor, trade, and more in a single comprehensive guide.
• Suitable for All Skill Levels: Perfect for beginners and experienced learners looking to refresh or deepen their knowledge.
• Real-World Applications: Practical examples to help you relate economic theory to everyday life and business.
• Study and Professional Tool: Ideal for exam preparation, business decision-making, or general interest in economics.
• Efficient Organization: Sections arranged for quick reference and easy access to any topic.
• Portable Learning: Available in eBook format for easy access and study anytime, anywhere.

Why wait? Empower yourself with the knowledge you need to understand economic systems and business strategies. Whether you’re a student, entrepreneur, or just someone who wants to grasp the financial world, this Q&A guide is your essential tool.

Leseprobe

INTRODUCTION

TO

ECONOMICS

AND

BUSINESS

THINGS YOU SHOULD KNOW

(QUESTIONS AND ANSWERS)

By

Rumi Michael Leigh

Introduction

I would like to thank and congratulate you for downloading this book, "Introduction to Economics and Business, things you should know (questions and answers)" series.

This book will give you an introduction of how economics and business work in the society. Are you a student, a business owner, both, or you plan to do something independent someday? Then this book could be of help to you.

Thanks again for downloading this book, I hope you enjoy it!

Table of Contents

Part 1: Questions

Part 1: Answers

Part 2: Questions

Part 2: Answers

Part 3: Questions

Part 3: Answers

Part 4: Questions

Part 4: Answers

Part 5: Questions

Part 5: Answers

Part 6: Questions

Part 6: Answers

Part 7: Questions

Part 7: Answers

Part 8: Questions

Part 8: Answers

Part 9: Questions

Part 9: Answers

Part 10: Questions

Part 10: Answers

Part 11: Questions

Part 11: Answers

Part 12: Questions

Part 12: Answers

Part 13: Questions

Part 13: Answers

Conclusion

Copyright

Part 1: Questions

What is economics?

What is macroeconomics?

What is a primary market?

What is a secondary market?

What is purchasing power?

Define inflation.

Define deflation.

What is a need?

What is a want?

What is labour?

Part 1: Answers

Economics consist of the choices people make to satisfy their needs and wants.

Macroeconomics is the field of economics that deals with the behaviour, structure and performance of the global economy.

A primary market is a market that creates new securities that is then offered to the public.

A secondary market is a market where the securities issued in the primary market are bought and sold.

Purchasing power is the ability of an individual to buy goods and services in an economy.

Inflation is the increase in the price level of goods and services in an economy.

Deflation is the decrease in the price level of goods and services in an economy.

A need is a necessity for survival.

A want is something we desire but not a necessity for survival.

Labour is the effort, work, dedicated to a task.

Part 2: Questions

What is import?

What is export?

What is a price index?

What is price fixing?

What is a price ceiling?

What is a price floor?

What is a fixed cost?

What is a variable cost?

What is a total cost?

What is an inventory?