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It depends on where the economist works. In the financial industry and in large corporations, economists are hired to help other employees understand changes in the economy, especially monetary policy changes at the US Federal Reserve. At small colleges, economists are hired to teach economics. At large universities, economists will have research responsibilities in addition to their teaching responsibilities if they want to become full professors.
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What areas do business economists work in?
Business economists work in such areas as manufacturing, mining, transportation, communications, banking, insurance, retailing, private industry, securities and investment firms, management consulting firms, and economic and market research firms,
Through analyzing graphs charts and other information economists get a better understanding of human behavior?
true
Why price an independable variable and demand is dependent variable?
Because demand creates the price, and not the price dictates the demand.
What is the abbreviation for 'demand'?
There is not a formal abbreviation for the word demand. However, there are abbreviations for services such as video on demand (VOD) that you get from your television provider.
List the factors that affect demand and explain only three?
demand
Why is elasticity of demand a fine theoretical concept of economists but difficult for marketers to use in practice?
it is what elasticity of demand
What are The two words economists use most often are?
supply and demand
What are the two words most often used by economists are?
supply and demand
The two words most often used by economists are?
Supply and demand.
What is cyclic employment?
Economists describe cyclical unemployment as the result of businesses not having enough demand for labor to employ all those who are looking for work. The lack of employer demand comes from a lack of spending and consumption in the overall economy.
What do economists call a situation in which consumers buy a different quantity than they did before?
a change in demand
Why do Economist use the term demand to refer to what?
Economists use the term demand to refer to a schedule of various combinations of market prices and amounts demanded.
Who said the demand and supply theory of books?
there were many economists like pigou,marshall and dada bhai naoroji who said about demand and supply theory.
What is the lowest elasticity of demand?
The lowest elasticity of demand is when no change in price, whether increase or decrease, changes the demand for a product.Ê It's used by economists to predict how sensitive a product is to a price change.
How do people demand goods and services?
When economists refer to the demand for goods and services, what they mean is, what goods and services are people buying. People demand things by buying them. If you demand to have things given to your for free, that is politics rather than economics.
Most economists use the aggregate demand and aggregate supply model primarily to analyze?
Short-run fluctuations in the economy
How do economist use math?
Economists use math to calculate statistics in sales and business profits. Economists also use math to predict trends in supply and demand.
