These decisions necessarily entail that some potentially productive opportunities are sacrificed in order to make what is estimated as the most productive choice. Supply and demand refer to specific products and services, the ability to provide these, and the level at which they are desired by the target market. Buyers desire a product or services, and therefore demand a certain quantity of these at a certain price. The relationship between

Unfortunately most growth oriented economic policies such as "supply-side" economic policies tend to exacerbate inequality. A greater role of the government in the economy such as increased taxation on the rich can reduce inequality. Inflation and unemployment are usually inversely proportional in most economies, i.e., increase of money supply through deficit financing reduces unemployment but increases inflation while tight monetary policies reduce inflation but increase unemployment. According to a

Economics The production possibilities curve represents the maximum level at which a country can produce. Freer trade, such as what the EU has promoted since its inception, allows countries to do two things. The first is that it allows them to produce at their production possibilities curve. This occurs because the country under free trade conditions is going to produce those goods in which it has a comparative advantage. This improves

Trees, plants, animals, wildlife all have benefitted from the clean air act (U.S. Environmental Protection Agency, 2008). The nutrition and labeling act Previously, a number of consumers had problems with incorrect information on the product packaging, as well as, advertising. The nutrition and labeling act passed by the American Congress and Senate benefits the American people immensely. It serves as an economic regulation for the food and nutrition producing companies and

It might seem more economically beneficial for the company to store a maximum of only twenty bags of flour, as this is the minimum amount that the company needs to receive from the distributor in order to receive the discount, but this would not leave them any safety supply. With twenty-four bags of flour stored at a maximum, the bakery will have four extra bags of flour -- two days'

Origins, History of the IMF The International Monetary Fund was first conceived between July 1-22, 1944, at the United Nations Monetary and Financial Conference in Bretton Woods, New Hampshire. The conference was attended by representatives of 45 nations, which were called together in order to plan and lay the groundwork for a cooperative economic framework to solve global financial crises before they occur. One key reason for the conference was to