Economy Theories Solve Social and Customer Problems PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Economy Theories Solve Social and Customer Problems PDF full book. Access full book title Economy Theories Solve Social and Customer Problems by Johnny Ch Lok. Download full books in PDF and EPUB format.
Author: Johnny Ch Lok Publisher: Independently Published ISBN: 9781653715961 Category : Languages : en Pages : 44
Book Description
⦁The problem of economic growthIf productive capacity grows, an economy can produce progressively more goods, which raises the standard of living. The increase in productive capacity of an economy is called economic growth. There are various factors affecting economic growth. The problems of economic growth have been discussed by numerous growth models, including the Harrod-Domar model, the neoclassical growth models of Solow and Swan, and the Cambridge growth models of Kaldor and Joan Robinson. This part of the economic problem is studied in the economies of development. ⦁Needs and wants problemsNeeds are things or material items of peoples need for survival, such as food, clothing, housing, and water. Everyone has a different needs and wants. Until the Industrial Revolution, the vast majority of the world's population struggled for access to basic human needs. Wants are effective desires for a particular product, or for something that can only be obtained by working for it. While the fundamental needs of survival are key in the function of the economy, wants are the driving force that stimulates demand for goods and services. To curb the economic problem, economists must classify the nature and different wants of consumers, as well as prioritize wants and organize production to satisfy as many wants as possible. ⦁Five bases problems of economyIn our societies, in general, our societies will have these similar problems The following points highlight the five basic problems of an economy. The problems are: 1. What to Produce and in What Quantities? 2. How to Produce these Goods? 3. For whom is the Goods Produced? 4. How Efficiently are the Resources being Utilised? 5. Is the Economy Growing?. Problem 1: What to Produce and in What Quantities?The first central problem of an economy is to decide what goods and services are to be produced and in what quantities. This involves allocation of scarce resources in relation to the composition of total output in the economy. Since resources are scarce, the society has to decide about the goods to be produced: wheat, cloth, roads, television, power, buildings, and so on. Once the nature of goods to be produced is decided, then their quantities are to be decided. How many tonnes of wheat, how many televisions, how many million kws of power, how many buildings, etc. Since the resources of the economy are scarce, the problem of the nature of goods and their quantities has to be decided on the basis of priorities or preferences of the society.
Author: Johnny Ch Lok Publisher: Independently Published ISBN: 9781653715961 Category : Languages : en Pages : 44
Book Description
⦁The problem of economic growthIf productive capacity grows, an economy can produce progressively more goods, which raises the standard of living. The increase in productive capacity of an economy is called economic growth. There are various factors affecting economic growth. The problems of economic growth have been discussed by numerous growth models, including the Harrod-Domar model, the neoclassical growth models of Solow and Swan, and the Cambridge growth models of Kaldor and Joan Robinson. This part of the economic problem is studied in the economies of development. ⦁Needs and wants problemsNeeds are things or material items of peoples need for survival, such as food, clothing, housing, and water. Everyone has a different needs and wants. Until the Industrial Revolution, the vast majority of the world's population struggled for access to basic human needs. Wants are effective desires for a particular product, or for something that can only be obtained by working for it. While the fundamental needs of survival are key in the function of the economy, wants are the driving force that stimulates demand for goods and services. To curb the economic problem, economists must classify the nature and different wants of consumers, as well as prioritize wants and organize production to satisfy as many wants as possible. ⦁Five bases problems of economyIn our societies, in general, our societies will have these similar problems The following points highlight the five basic problems of an economy. The problems are: 1. What to Produce and in What Quantities? 2. How to Produce these Goods? 3. For whom is the Goods Produced? 4. How Efficiently are the Resources being Utilised? 5. Is the Economy Growing?. Problem 1: What to Produce and in What Quantities?The first central problem of an economy is to decide what goods and services are to be produced and in what quantities. This involves allocation of scarce resources in relation to the composition of total output in the economy. Since resources are scarce, the society has to decide about the goods to be produced: wheat, cloth, roads, television, power, buildings, and so on. Once the nature of goods to be produced is decided, then their quantities are to be decided. How many tonnes of wheat, how many televisions, how many million kws of power, how many buildings, etc. Since the resources of the economy are scarce, the problem of the nature of goods and their quantities has to be decided on the basis of priorities or preferences of the society.
Author: Johnny Ch Lok Publisher: ISBN: 9781653710478 Category : Languages : en Pages : 44
Book Description
⦁Demand and supply principle can misuse to predict consumer behaviour when the two firms participate advertisement to promote their products in the same timeWhy can demand and supply principle misuse to predict consumer behaviour when the two firms participate advertisement to promote their products in the same time ? I shall explain as below: Assume that two competing firms must decide whether to have a big advertising budget. Advertising would allow one firm to steal some of the other's customers. But when they both advertise, the effects on customer demand cancel out. The firms end up having spent money needlessly.We might expect that neither firm would choose to spend much on advertising, but the model shows that this logic is off base. When the firms make their choices independently and they care only about their own profits, each one has an incentive to advertise, regardless of what the other firm does. When the other firm does not advertise, you can steal customers from it if you do advertise, when the other firm does advertise, you have to advertise to prevent loss of customers. So, these two firms end up in a bad equilibrium in which both have to waste resources. This market can not apply demand and supply principle to predict consumer behaviours because they depends advertisement to promote their products. If these two firms advertise their products in the same time. Then, it is not possible that if one firm increases it price and it will cause its customer number loss, due to its advertise can help it to attract customers to consider its product from television or radio or newspapers or magazine promotion channels. So, I suppose that these two firms decide to increase their price, when they advertise their products to let customers to know in the same time. They will not lose their customers or reduce their customers easily. Because their customers can be persuaded to choose to buy their products to compare other similar products in preference. So, their increasing price will not influence their customers number lose easily. It explains that demand and supply principle is not right to this case, so demand and supply principle can misuse to help them to predict consumer behaviours when they advertise their products in the same time. Also, demand and supply principle is not suitable to them to predict consumer behaviours when they advertise their products in the same time. They will do wrong prediction to their consumers purchase desire when they advertise their products in the same time.ON conclusion, using these demand and supply and price elasticity techniques, economists derive specific prediction for how consumers choose which products to buy, how households save, how firms invest, how workers search for jobs, as well as for how these actions depend on the particulars. They can help them to predict job and consumption behaviours more accurate, it depends on whether the situation is right, such as both competition firms participate to advertise their products in the same time case, it is not right to apply above economic principle to predict consumer behaviours. They will get wrong prediction when they apply this principle to predict consumer behaviours.
Author: Danielle Logue Publisher: Edward Elgar Publishing ISBN: 1786436892 Category : Business & Economics Languages : en Pages : 207
Book Description
As we grapple with how to respond to some of the world’s most pressing problems, such as inequality, poverty and climate change, there is growing global interest in ‘social innovation’ as a potential solution. But what exactly is ‘social innovation’? This book describes three ways to theorise social innovation when seeking to manage and organize for both social and economic progress.
Author: John Lok Publisher: ISBN: Category : Fiction Languages : en Pages : 50
Book Description
What are our social customer and economic problems usually we will encounter in our lives. Can economists apply any economic theories to attempt to solve any economic or customer problems absolutely? Do economists apply any economic theories to solve any problems in any economic environment or situations or they need find the suitable economic theories to solve the suitable environment of economic or customer problems? In my this book final chapter, I shall attempt to indicate some customer problems in electronic commerce strategy aspect and I shall explain how to apply economic theories to solve online consumers buying problem. I hope my readers can learn how and why economic theories can be the best strategy to solve e-commerce customer problems in e-commerce industry.
Author: Johnny Ch LOK Publisher: ISBN: Category : Languages : en Pages : 46
Book Description
What are our social customer and economic problems usually we will encounter in our lives. Can economists apply any economic theories to attempt to solve any economic or customer problems absolutely? Do economists apply any economic theories to solve any problems in any economic environment or situations or they need find the suitable economic theories to solve the suitable environment of economic or customer problems? In my this book final chapter, I shall attempt to indicate some customer problems in electronic commerce strategy aspect and I shall explain how to apply economic theories to solve online consumers buying problem. I hope my readers can learn how and why economic theories can be the best strategy to solve e-commerce customer problems in e-commerce industry. Behavioural economics The most important trend in recent decades in economics is the greater emphasis placed on aspects of behavioural economics, which uses many insights from related fields such as psychology. *Disputes rational choice theory. The essential element of behavioural economics is that it argues individual agents are often not rational and often do not seek to maximise utility. *Behavioural economics examines how agents can be influenced by biases, and make decisions not predicted by neo-classical economic theory. Behavioural economics can explain the irrational exuberance of booms and busts. Hence, in different firms behavioral view, this sensitivity of outcomes to process can have important consequences for analysis at the level of market and economy, which assumes that consumer individual typically makes choices in their own best interest, " were best interest" is something that not incorporating into their calculations, the true costs and benefits of their choices. Hence, behavioral economy theory can help product sellers to predict consumer individual choice , attitude in order to find what the important factors influence they choose to buy the seller's products in preference. Also, behavioral economic theory is an analytical predictions, how intelligent individuals actually behave. This approach to choice behavior does not assume that individuals are in any way irrational , even through such behavior is expected to deviate substantively. Hence, the behavioral economic theory assumes humans are rational and maximum their individual self interest. In consumption view, in general , consumers choose to buy any products in preference, they will evaluate whether the product can bring the maximum economic or useful benefit to them in order to make the final purchase in our society. Such as organic food choice case, food consumers' choices , where people's may come from direct influence of other people's behavior and social norms on our behaviors. Then, theory assumes we independently know what we want and that our preferences are fixed. So, this standard theory is very good at explaining short -term decision-making. Suc as green vegatables and choose beans as they are on special offer, but can not explain longer-term changes in preferences. I now only choose organic foods. So, behavioral economy theory can predict short term consumers behavioral choice to decide what factors influence their choices change, but it can not predict long-term consumers behavioral choice to decide what factors influence their choices change, because it has much unpredictable factors are difficult to estimate , when they will influence now consumers behavioral change in our society.
Author: Johnny Ch Lok Publisher: ISBN: Category : Languages : en Pages : 336
Book Description
Economy theory solves business problem, manager can use economics to strategize and solve a variety of business problems. Is it bossible? In fact, the basic problem of an economy ca be solved either by the decisions of the government or by the market through interactions of buyers and sellers. How to judge whether it is one good economic theory? A good theory is simple enough to be understood, when complex enough to capture the key features of the object or situation being studied. Somethimes economists use the term model instead of theory. For example, the most common four economic theories may include: Since the 1930 s, four macroeconomic theories have been proposed: Keynesian economics, monetarism, the new classical economics and supply-side economics . All of these theories are based, in varying degree. So, applied economics solves economic problems may be by solved by providing informaton on how people, businesses and governments behave.However, business economics is a field in applied economics which uses econoic theory and quantitative methods to analyze business. Business economics focused on the economic issues and problems related to business organizations. Business economics also covers most of the problems that a manager or an establishment faces for example, price theory, on the other hand, helps the firm in understanding how prices are determined under different consumer emotion or external economic environment etc. factors. Moreover, business economics and quantitative methods also applies economic theory to the study of organizations. for example, the principal-ahent problem has become a standard factor in political science and economics, basic economic theory explains how and why that when demand exceeds supply, producers tend to raise price, or public choice theory how and why affect economic output, due to global economic outlook is significant trade uncertainty.So, economists explore how individuals and businesses can help secure a healthy environment, when they attempt to find the most right economic theories to help businesses to solve their business problems. In general, it makes use of statistical and analytical tools to assess economic theories in solving practical business problems. For example, rapid devaluation solutions can be applied to solve economic crisis, fiscal occurrence in the 1930 s. It helps to stimulate demand and creates jobs to solve social unemplyment challenge in 1930s. This will provide some relief to businesses and tax cut increases disposable income in 1930s global economic fiscal crisis occurrence. For anther exmaple, the gig economy is enabled by technology, such as robotic productive tool invention, it can help factories to raise efficiency to manufacture as well as reduces labors number. So, effective economic theory may help managers to solve any organizational problems easily.⦁How new economic development in oil industry The future global economic growth, it will influence personal incomes and GDP rise. They would carry different weight in different countries at different times. Starting from low levels of incomer and economic development. Household consumption will change from being dominated by basic heat to rapidly rising energy use for higher levels of comfort in space heating and cooling ( and large dwellings), and greater use of electrical appliances, finally to a degree of saturation influenced by the income distribution patterns of the country concerned. Income distribution typically changes very slowly, so that the technical market for heart will never be saturated because there will always be a proportion of poor people living in small spaces less comfortably than the average. Industrial energy consumption will be influenced by technical efficiency within each sector, and by changes in the structures of the economy, e.g. changing proportions of agriculture, heavy and light industry, and services.
Author: Johnny Ch Lok Publisher: ISBN: Category : Languages : en Pages : 336
Book Description
Explaining how organizational strategy solving problemEconomy theory solves business problem, manager can use economics to strategize and solve a variety of business problems. Is it bossible? In fact, the basic problem of an economy ca be solved either by the decisions of the government or by the market through interactions of buyers and sellers. How to judge whether it is one good economic theory? A good theory is simple enough to be understood, when complex enough to capture the key features of the object or situation being studied. Somethimes economists use the term model instead of theory. For example, the most common four economic theories may include: Since the 1930 s, four macroeconomic theories have been proposed: Keynesian economics, monetarism, the new classical economics and supply-side economics . All of these theories are based, in varying degree. So, applied economics solves economic problems may be by solved by providing informaton on how people, businesses and governments behave.However, business economics is a field in applied economics which uses econoic theory and quantitative methods to analyze business. Business economics focused on the economic issues and problems related to business organizations. Business economics also covers most of the problems that a manager or an establishment faces for example, price theory, on the other hand, helps the firm in understanding how prices are determined under different consumer emotion or external economic environment etc. factors. Moreover, business economics and quantitative methods also applies economic theory to the study of organizations. for example, the principal-ahent problem has become a standard factor in political science and economics, basic economic theory explains how and why that when demand exceeds supply, producers tend to raise price, or public choice theory how and why affect economic output, due to global economic outlook is significant trade uncertainty.So, economists explore how individuals and businesses can help secure a healthy environment, when they attempt to find the most right economic theories to help businesses to solve their business problems. In general, it makes use of statistical and analytical tools to assess economic theories in solving practical business problems. For example, rapid devaluation solutions can be applied to solve economic crisis, fiscal occurrence in the 1930 s. It helps to stimulate demand and creates jobs to solve social unemplyment challenge in 1930s. This will provide some relief to businesses and tax cut increases disposable income in 1930s global economic fiscal crisis occurrence. For anther exmaple, the gig economy is enabled by technology, such as robotic productive tool invention, it can help factories to raise efficiency to manufacture as well as reduces labors number. So, effective economic theory may help managers to solve any organizational problems easily.In general, the main economic problems may include: What to produce in which quantities? How to produce? For whom to produce? How efficiency are the resources being utilized? Is the economy growth? So, economic problems are the science that studies human behavior in relationship with ends and scarce means that have alternative uses. In other way, it deals with the problem of choice, economic problems asserts that an economy's finite resources are insufficient to satisfy all human wants and needs. Hence, it brings this question: What causes economic problems? It may be explained that goods and services . All economic problems that satisfy human wants and produced with the help of resources, such as land, labour, capital, and enterprise. These resources are scarce when wants are unlimited, due to scarcity of these resources, an economy can not produce all that goods and services as required by its citizens.
Author: John Clark Publisher: Routledge ISBN: 1351497049 Category : Business & Economics Languages : en Pages : 470
Book Description
Economics both describes the way economic forces work and studies the effi ciency, or ineffi ciency, that results. These two aspects of economics have probably never been wholly separated, and it is debatable how far it is possible or desirable to separate them. The question will ultimately be answered by evaluating these different theoretical methods in terms of the results they deliver. The theory of economic effi ciency uniquely incorporates problem of ideals of good conduct and welfare; in short, of morals and ethics. Preface to Social Economics presents thumbnail sketches describing the growth of our awareness of social problems over the past century. Beginning in the nineteenth century, the sciences, both natural and social, made us aware of many factors governing our behavior. With the discovery of controllable external social causes, the responsibility for problems (and change) shifted from the individual to the group. Studies of industrial accidents are an example. When it was learned that the number of injuries per hour increases with the length of the working day and with the absence of mechanical safeguards, it led to a demand for shorter hours, safety laws, and compulsory accident insurance. Similarly, as we begin to understand the connection between the rate of interest with booms in building, unemployment ceases to be a matter of individual responsibility and becomes a problem for business and society. This classic book, initially published in 1936, illumines a growing knowledge of controllable causes of social evils. John Maurice Clark was a long-time professor of economics at Columbia University. The editors of this volume Moses Abramovitz and Eli Ginzberg were both students of Clark, and prepared this volume under his direct supervision.
Author: Matthew McDonald Publisher: Routledge ISBN: 1135081492 Category : Psychology Languages : en Pages : 184
Book Description
Social Psychology and Theories of Consumer Culture: A Political Economy Perspective presents a critical analysis of the leading positions in social psychology from the perspective of classical and contemporary theories of consumer culture. The analysis seeks to expand social psychological theory by focusing on the interface between modern western culture (consumer culture) and social behaviour. McDonald and Wearing argue that if social psychology is to play a meaningful role in solving some of society’s most pressing problems (e.g. global warming, obesity, addiction, alienation, and exclusion) then it needs to incorporate a more comprehensive understanding and analysis of consumer culture. Wide-ranging and challenging, the book offers a fresh insight into critical social psychology appropriate for upper undergraduate and postgraduate courses in personality, social psychology, critical and applied psychology. It will also appeal to those working in clinical, counselling, abnormal, and environmental psychology and anyone with an interest in the integration of social psychology and theories of consumer culture.
Author: Johnny Ch Lok
Author: Johnny Ch Lok
Author: Johnny Ch Lok
Author: Danielle Logue
Author: John Lok
Author: Johnny Ch LOK
Author: Johnny Ch Lok
Author: John Lok
Author: Johnny Ch Lok
Author: John Clark
Author: Matthew McDonald