Tag: Economy

Productive Forces: Concept And Main Ones

The concept of productive forces encompasses all those forces that are applied by people in the production process (body and brain, tools and techniques, materials, resources, equipment, and cooperation between workers), including technically essential engineering and management functions. for production. Human knowledge can also be a productive force. The notion of productive forces encompasses a

What Are Economic Values?

Economic values are concepts applied to goods and services to determine their price and the valuation that individuals make of it. For example, the economic values ​​of a car would be the price for which it can be purchased and the social status that its purchase can entail. These concepts are useful for evaluating an

Equilibrium Quantity: How To Calculate It And Example

The balance amount is an economic term representing the quantity of an item that demand at the point of economic equilibrium. It is the point where the supply and demand curves intersect. It is the amount that is exchanged when a market is in equilibrium. The equilibrium quantity is simultaneously equal to the quantity demanded

What Does Economics Study? (field Of Study)

The economy studies  the manufacture, commercialization, the consumption of goods and services and the behavior of individuals with the economic resources of a particular country, state, city or region. Some of the fields of study of economics are work, markets, value, among others. In this way, economics analyzes the way in which individuals, companies, governments

Bank Consignment: Characteristics, Types And Example

The bank deposit is the placement of funds in a bank or other financial institutions for safekeeping. These consignments are made by depositing into accounts such as savings accounts, checking accounts, and money market accounts. From an accounting and legal point of view, the banking industry uses the name “consignment” in financial statements to describe

Non-tariff Barriers: Characteristics, Types And Examples

The non – tariff barriers refer to the restrictions resulting from prohibitions, conditions or specific requirements of the market, making it difficult and / or costly make the import or export of products. They are a way of restricting trade using mechanisms other than the simple imposition of tariffs or taxes. These barriers can take

What Are The Economic Blocks Of America?

The main economic blocs in America are the Southern Common Market (MERCOSUR), the Andean Community of Nations (CAN), the Central American Integration System (SICA) and the North American Free Trade Agreement (NAFTA). The last half of the last century left several integration systems throughout the Americas that sought to strengthen ties between the countries of