1. Informs decisions
Economists provide information and forecasting to inform decisions within companies and governments. This knowledge of economics – or economic intelligence – is based on data and modelling.
2. Influences everything
Economic issues influence our daily lives. This includes issues such as tax and inflation, interest rates and wealth, inequality and emerging markets, and energy and the environment. A broad subject, economics provides answers to a range of health, social and political issues that impact households and wider communities.
3. Impacts industries
Firms of all sizes and industries have to rely on economics, whether that’s for product research and development, pricing strategies or how to advertise. This wide influence means studying economics can open up a variety of career options across all sectors of the economy, from agriculture to manufacturing, to banking and consultancy.
4. Inspires business success
Understanding how consumers behave is vital for a business to succeed. Economists use theories and models to predict behaviour and inform business strategies. For example, how to analyse ‘big data’.
5. International perspective
Economics affects the world we live in. Understanding domestic and international perspectives – historic and current – can provide a useful insight into how different cultures and societies interact. For international corporations, understanding the world economy is key to driving success.
Answer:
2) Daryl has visited many other countries.
3) Alfonso has developed many strong friendships
6) Marion has worked at jobs that improved his time-management skills.
Explanation:
I guarantee this is correct, I did this question and got it correct.
No, it is not reasonable or logical for
a firm to grow indefinitely at a rate higher than its required return. Such a theoretical
stock would become so large that it would ultimately go beyond the whole
economy. However for a very short period of time, the rate could possibly be
higher than the required return especially when the firm is performing
excellently.
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The situation here is that the appraiser is:
- Taking a percentage for his services from the appraisal
Based on the given question, we can see than when an appraisal is made, the appraisal which is actually a written report that makes an estimate of the present value of a piece of property.
With this in mind, we can see that the appraiser preferred to take his payment from the percentage value of the <em>value of the property </em>which he appraised. This method is sure to give the appraiser more money than he would have made, especially if the value of the property was quite high.
Read more about appraisal reports here:
brainly.com/question/25088996
One of the reasons marketing is essential to the free market system is that It ensures that companies make a healthy profit.
<h3>What is free market?</h3>
A free market is a market structure where there is no interference from government but forces of demand and supply controls it.
With regards to the above, marketing ensures that products gets to the target audience to attract sales, thereby increase profits.
Learn more about free market here : brainly.com/question/13519121
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