KEYWORDS 2

 KEYWORDS 2:

  • Offer: is the existing quantity of a product depending on the demand for this.
  • Law of supply: relation between the price of a product and the quantity of this product, this will always be positive.
  • Quantity supplied: quantity of a good that the seller or entrepreneur can sell at a certain price.
  • Balance: situation where there is no change in either the supply or the demand, both are maintained equally, because there is compliance with plans of purchase and sale of plaintiffs and bidders.
  • Company: organization founded by one or more people to produce a good or offer a service. 
  • Total income: is the amount received by the seller and the total amount paid by the buyer.
  • Inputs:  a good used for the production of another good or a product.
  • Technology: product that effectively sanctifies new consumer needs.
  • Elasticity: measure that is implemented for a sensitivity of the quantity offered and demanded against a variation in some determinant.
  • Demand perfectly inelastic: it is infinite and does not vary its price or does not suffer changes in the price and the amount increases.
  • Demand inelastic: is when the amount of a good does not decrease by more than there is a change in the price, besides that this good or service has no substitute
  • Unity elastic demand: this is when the price variation affects equal proportion to demand (elasticity=1)
  • Elastic demand: when the price varies, it directly affects the quantity demanded
  • Demand perfectly elastic:  is when the quantity is not affected by the price.
  • Capital: It is the obtaining of profits from an economic activity.


https://www.eleconomista.com.mx/economia/tipos-de-elasticidad-de-la-demanda-20200218-0073.html

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