Economics for Business - Week 1 - Case Study - the Biotechnology Industry by KingstonVLE

what is the impact of water scarcity?- by Taimur.s

2017-10-31 17:12:12 UTC

In many developing countries, people are forced to drink low quality water from flowing streams, many of which are contaminated. There are many water-borne diseases that people die off. Less water also means sewage does not flow, and mosquitoes are other insects breed on still (stagnant) dirty water. The result is deadly malaria and other infections. Lack of water or quality water causes huge sanitation issues. Clinics, local restaurants, public places of convenience and many other places are forced to use very little water for cleaning. This compromises the health of the staff and people who use the facilities.

2017-10-31 17:13:20 UTC

What is capitalism?

2017-10-31 17:16:04 UTC

An economic system based on private ownership in terms of production and their operation for profit.
- Vikram

2017-10-31 17:18:39 UTC

Top 5 capitalist countries:

2017-10-31 17:20:57 UTC

Hong Kong
Singapore
New Zealand
Australia
Switzerland
- Vikram

What influences economic growth?

2017-10-31 17:21:22 UTC

Natural resources
Human resources
Technology
Social & political factor
Capital formation

Mint

What is corporation?

2017-10-31 17:22:09 UTC

A corporation is legal entity that is separated from its owners.

Who is the father of economics?

2017-10-31 17:25:35 UTC

By Humera
Answer: Adam smith

What is a consumer surplus in economics ?

2017-10-31 17:29:17 UTC

Answer consumer surplus represent the difference between what a customer is willing to pay for a product. (Pat )

There is sole traders and partnerships, and two of them have advantages and disadvantages. I will start with an advantages for sole traders, there is just only one person in the business which will help you to make a faster decision, enjoy your profit (full), flexible timing route, in/out of business. also i would like to talk about disadvantages you will not have enough support if you work in your own, higher risk, it can be controllable (as insurance health found safety) and uncontrollable (as wether conditions), also as a disadvantage i would like to mention financial constrain, lack of loan facilities. Partnership business can include from 2 to unlimited members. also we mention a term like Deed of argument which mean legal document (date,profit,loss,witness statement). Finally i find an interesting for me the term sleep partners which mean- investors who don’t really do work in the business but support it with money.

2017-10-31 17:33:36 UTC

- Stanislav Kalmykov

What is Cryptocurrency?

2017-11-08 16:32:09 UTC

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