What is excess capacity on a graph?
Excess capacity (or unutilized capacity) occurs when a firm operates or is producing output at less than the optimum level. What is excess capacity? Exces...
When and why did Keynesian economic school lose its influence?
It lost some influence following the oil shock and resulting stagflation of the 1970s. Keynesian economics was later redeveloped as New Keynesian economic...
What is a gold standard economy?
The Gold Standard was a system under which nearly all countries fixed the value of their currencies in terms of a specified amount of gold, or linked thei...
What is the definition of descend?
1 : to come or go down from a higher place or level to a lower one The elevator descended. 2 : to move down or down along Descending the cliff was dangero...
Which are the types of industries based on raw material?
Industries related to raw materials Metal industries. The metal industries process non-ferrous metals such as aluminium, copper, and zinc; and ferrous mat...
What is the meaning of a mother company?
parent company A parent company is a company that has a controlling interest in another company, giving it control of its operations. What is a parent com...
How financial intermediaries help savers reduce risk?
Through diversification of loan risk, financial intermediaries are able to mitigate risk through pooling of a variety of risk profiles and through creatin...
Where does the US rank in GDP?
GDP by Country # Country Share of World GDP 1 United States 24.08% 2 China 15.12% 3 Japan 6.02% 4 Germany 4.56% What percentage of the world GDP is US? In...
What is the basic decision making unit in an economy?
The basic decision-making units in the economy are households and firms. Firms transform inputs into goods or services that are sold in markets. Household...
What a production assistant should know?
10 things every Production Assistant should know: Always show up on time. Yes it can be hard to make it to set sometimes…. Come Prepared. Read the Call Sh...
