Pricing policy refers to the way a company sets the prices of its services and products basing on their value, demand, cost of production and the market competition. Pricing policy is essential for all companies as it provides a guideline for creating profits and areas that bring in losses. Pricing
Non-economic goods are goods or services that are plentiful and free. Air and dirt are considered non-economic goods since they are neither scarce nor valuable.
Economic rights are part of a range of legal principles based on the philosophy of human cultural and social obligations in which economic equality and freedom are preserved. Economic and social rights are granted to Americans fulfilled by the government in an effort to ensure that citizens have the
Home economics is the field of study dealing with the management of the home and its place in the broader community. In the past, home economics, known to many simply as home ec, was strictly concerned with traditional homemaking and taught only to girls. Today, the field encompasses a broader range
Economics and economic education are important for providing people with valuable insight into how foreign and domestic markets operate, which allows them to make reasoned and rational choices for short-term and long-term financial benefits. Studying economics also allows people to learn how to mana
Investopedia explains that the origin of economic thought lies with a man named Adam Smith who was heavily influenced by French writers and philosophers. Smith developed the discipline of economics as an alternative to French mercantilism, which was an easily exploited system that benefited the weal
Economics is a good major because of the wide range of career opportunities available to graduates. Many of the skills learned during an economics major can also be applied to other areas of life, including business and personal life.
Some of Hoover's economic policies during the Great Depression were the Smoot-Hawley Tariff, tax reduction and great public works projects. Herbert Hoover was the 31st President of the United States. Hoover's name became synonymous with the Great Depression because of terms such as Hooverville, Hoov
Economic decision making is the process of making business decisions involving money. The purpose of making these decisions is generally to come up with strategies that help to either make the company more valuable or to increase the owner's revenue. Those involved in the decision-making process mus
Economic factors comprise the information that influences the value of an investment or business. When you are calculating the present and anticipated future value of an investment portfolio or a business, the economic factors are what you bear in mind. The primary economic factors are management, t