Engleza - domenii economice

Incarcat la data: 16 Noiembrie 2011

Autor: gaabry_ella

Pret: Gratuit

Numar pagini: 130

Tip fisier: zip

Marime fisier: 404705 kb

1 (1 review)

UNIT ONE
CONCEPTS IN ECONOMICS


OBJECTIVES: After studying this chapter, you should be able to:


- understand the concepts of supply and demand and competition
- comprehend how supply and demand determine price in competitive markets
- know what a small business is and name the fields in which small business are concentrated
- describe the people who start small businesses, how some succeed, and why many fail
- understand the contribution of small businesses to economy


MODULE I
LEAD-IN


1. What forms of competition do you know?
2. What determines the price of a product?
3. Give a definition of the demand for a particular product.
4. Define the supply of a particular product.


SUPPLY, DEMAND, PRICE AND COMPETITION

 

A free-market system implies competition among sellers of products and resources. Economists recognize four different degrees of competition, ranging from ideal competition to no competition at all.

 

These are pure competition, monopolistic competition, oligopoly and monopoly. Pure (or perfect) competition is the market situation in which there are many buyers and sellers of a product, and no single buyer or seller is powerful enough to affect the price of that product.

 

Note that this definition includes several important ideas. First, we are discussing the market for a single product. Second, all sellers offer essentially the same product for sale; a buyer would be just as satisfied with seller A's wheat and with that offered by seller B or seller Z. Third, all buyers and sellers know everything there is to know about the market (including the prices that all sellers are asking for their wheat).

 

And fourth, the market is not affected by the actions of any one buyer or seller. In pure competition, sellers and buyers must accept the going price. But who determines the price? Actually, everyone does. The price of each product is determined by the actions of all buyers and sellers together, through the forces of supply and demand. It is this interaction of buyers and sellers, working for their best interest, that Adam Smith referred to as the "invisible hand" of competition. Let us see how it operates.

Textul de mai sus reprezinta un extras din "Engleza - domenii economice". Pentru versiunea completa a documentului apasa butonul Download si descarca fisierul pe calculatorul tau. Prin descarcarea prezentei lucrari stiintifice, orice utilizator al site-ului www.studentie.ro declara si garanteaza ca este de acord cu utilizarile permise ale acesteia, in conformitate cu prevederile legale ablicabile in domeniul proprietatii intelectuale si in domeniul educatiei din legislatia in vigoare.

In cazul in care intampini probleme la descarcarea fisierului sau documentul nu este nici pe departe ceea ce se doreste a fi te rugam sa ne anunti. Raporteaza o eroare

Important!

Referatele si lucrarile oferite de Studentie.ro au scop educativ si orientativ pentru cercetare academica.

Iti recomandam ca referatele pe care le downloadezi de pe site sa le utilizezi doar ca sursa de inspiratie sau ca resurse educationale pentru conceperea unui referat nou, propriu si original.

Alti utilizatori au mai cautat: ENGLEZAECONOMIE
Sandale casual dama ECCO Touch Plateau (Negre) Sandale casual dama ECCO Touch Plateau (Negre) Sandalele ECCO Touch Plateau sunt confectionate din piele moale cu detalii metalice(tinte). Sunt...