Answer: MICROECONOMICS
1.The effect of a change in price of one good on a related good.
MACROECONOMICS
2. The relationship between the inflation rate and the unemployment rate.
3.The effect of government subsidies on the agricultural industry.
Explanation: Microeconomics is a term of the to describe the impact of certain conditions on a single product or service,it doesn't consist of the whole economy or country.
Macroeconomics is a term used to describe the impact of certain conditions on the whole economy or country. Inflation rate, unemployment rate, effects of subsidy in Agriculture etc are all Macroeconomics statistics give better understanding of the economic performance.
Answer:
Differentiation focus strategy
Explanation:
Competitive advantage is defined as the factors or strategy that gives a firm an edge over others in the same industry.
They are able to sell more product and make more profit than their competitors.
Trader Joe's creates a competitive advantage by its ability to incorporate upscale or attractive attributes into its product offerings at lower costs than rivals.
They are using differentiation focus strategy which entails developing a unique product based on selected attributes that are widely valued by customers.
Focus is given to making products that specifically meet these needs.
The result is a product that is unique in the industry. Products from Trader Joe's can't be found anywhere else. Also they provide a unique atmosphere and unique interaction with their staff.
They have been able to have reduced pricing through research and other tactics aimed at reducing cost of production in a sustainable manner.
Collateral- Something pledged as security for repayment of a loan, to be forfeited in the event of a default.
The ending equity is $315,000 This is just a matter of adding income and subtracting withdraws. So let's do it. "Cragmont has beginning equity of $277,000," x = $277000 "net income of $63,000" x = $277000 + $63000 = $340000 "withdrawals of $25,000" x = $340000 - $25000 = $315000
The way economists would probably explain the wastage of
this clam resource is by saying that clams are free goods and are therefore
subject to the tragedy of the commons effect. The tragedy of the commons effect
is a theory in economics, postulated by the Victorian economist William Forster
Lloyd.
The tragedy of the commons effect describes a condition
within a shared-resource system where each user act freely according to their
own self-interest, but their collective actions ends in the depletion or spoilage
of that resource, thus having a negative impact on the common good of all users.
In this case, commons is taken to refer to the clam resources.