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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
