My dark ECO...(sad.......)

Economics include Macroeconomics and microeconomics.Macroeconomics is about country and country government or about this world.Microeconomics is about individual.It is like firm.It is a small market.Economics growth is a important matter.It is hinge on rate of change of GDP.It is refers quantity of goods and services produced. Economics growth can be positive or negative.Positive is refers economics is shrinking.Negative is refers economics is recession or depression.Economics recession refers tow consecutive quarters a negative growth.In the market include demand and supply.When demand up supply extensin.When demand down supply contract.Elasticity include YED,PED,XED,PES.Economics elasticity is elasticity of substitution, price and wealth.In economics.In flation is rising over-heating.It is rise in the general level of prices of goods and services in an economy over a period of time.If manufacturing wages are rising.This will effact aggregate demand and aggregate supply.So Inflation is also an erosion in the purchasing power of money.
Strong Economics let me know"small and weak of me".Also Strong Economics homework let me know "what is headache".

Macroeconomics and Microeconomics

Macroeconomics is a branch of economics that deals with the performance, structure, and behavior of a national or regional economy as a whole.Along with microeconomics, macroeconomics is one of the two most general fields in economics. Macroeconomists study aggregated indicators such as GDP, unemployment rates, and price indices to understand how the whole economy functions. Macroeconomists develop models that explain the relationship between such factors as national income, output, consumption, unemployment, inflation, savings, investment, international trade and international finance. In contrast, microeconomics is primarily focused on the actions of individual agents, such as firms and consumers, and how their behavior determines prices and quantities in specific markets.Microeconomics is called an individual economics or a small economics.economics is the macroeconomic symmetry. Microeconomics to a single economic unit as the main object of study, analysis of individual producers how to allocate the limited resources in the production of various commodities in order to to achieve maximum profit; individual consumers on how the limited distribution of income in a variety of consumption goods in order to get the most satisfaction. At the same time, micro-economics, also analyzes the output of individual producers, the cost, the use of factors of production volume and profits to be confirmed; factor incomes for suppliers of how to decide; the effectiveness of a single commodity, supply, demand and price how to determine .

Value

In economics, the difference between cost of materials and labor to produce a product, and the sale price of a product is the value added. In national accounts used in macroeconomics, it refers to the contribution of the factors of production, i.e., land, labor, and capital goods, to raising the value of a product and corresponds to the incomes received by the owners of these factors. The national value added is shared between capital and labor (as the factors of production), and this sharing gives rise to issues of distribution.

Financial crises

When a country that maintains a fixed exchange rate is suddenly forced to devalue its currency because of a speculative attack, this is called a currency crisis or balance of payments crisis. When a country fails to pay back its sovereign debt, this is called a sovereign default. While devaluation and default could both be voluntary decisions of the government, they are often perceived to be the involuntary results of a change in investor sentiment that leads to a sudden stop in capital inflows or a sudden increase in capital flight.

Dizziness

no internet before 3 days.Did't pay 2 months bill.today,just fine. I don't know. Should I happy or...... I dropped lots of homework. Excuse me. pehaps. I should choose done some important homework. excuse excuse excuse ..........

What is life?

What Is Life? is a non-fiction book on science for the lay reader written by physicist Erwin Schrödinger. One of the discoverers of the structure of DNA, Francis Crick, credited What Is Life? as a theoretical description, before the actual discovery of the structure of DNA (the existence of the molecule had been known for nearly 2 decades, but its role in reproduction and its helical shape had not even been guessed at this time), of how genetic storage would work and a source for inspiration for the initial research.[1]
In the book, Schrödinger introduced the idea of an "aperiodic crystal" that contained genetic information in its configuration of covalent chemical bonds. In the 1950s, this idea stimulated enthusiasm for discovering the genetic molecule. In retrospect, it could be seen as having been a well-reasoned theoretical prediction of what biologists should have been looking for during their search for the genetic material.

Headache

I was headache all day！ bless myself. Hope I will be okey.tomorrow！

Summary（Bank holds rates at record low）

The Bank of England decision to put £50 billion to help UK economy.MPC held interest rates at their 0.5 per cent record low. The MPC has been keen to stress that the effects of QE will take time to filter through, fuelling a wait-and-see approach on monetary policy.

Summary （Hasty action on public spending would jeopardise economic recovery）

Britain's economic very dangerous.Britain’s fiscal very mess.alredy. Britain's government thought should be taken to reduce deficits.Divergence between the fortunes of the public and private sectors very serious.And private sector earnings have collapsed, that is at the root of Britain’s long-term fiscal problems.

How useful is knowledge of elasticity for a business？

To my understanding, theoretically, the knowledge of elasticity can help in the revenue of the firm. However, it can be limited in practical terms as many other factors can affect revenue for the firm. In theory, if we are considering elasticity, what we are considering is the price of the good. You might need a graph to better understand the concepts of elasticity and revenue. Lets say the good has an elastic demand curve. This means that the demand curve is relatively flat, and the goods have a wide variety of substitutes. If this is the case, a good strategy will be to decrease the price of the good. If the price is decreased, and if the demand curve is elastic, theoretically the revenue of the firm will increase. From my interpretation, if the good has got a lot of substitutes, the firm can increase it's revenue by decreasing the price of it's good. This is because consumers are very sensitive to price changes, this means a small decrease in price, will mean a lot of customers will come and purchase the good. This can increase the revenue for the firm. On the other hand, if the demand curve is inelastic, an increase in the price of the good will increase the revenue for the firm. A demand curve that is inelastic is rather steep, and have few substitutes for the consumers. This means that consumers have little choice over product variety. An increase in the price of the product by the firm, will have few customers respond to it. What this means essentially is that the current customers will not repsond to changes in the price, hence they will not reduce the quantity demanded a lot, and they will not mind paying the high price. This can thus increase the revenue for the firm. In summary, if the product that a firm faces is elastic it's wise to decrease the price, as it will increase the revenue for the firm. On the other hand, if the product that a firm faces is inelastic, it's wise to increase the price of the good, as it will increase the revenue for the firm.