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Economic Mathmatics Methods How Can Avoid: Frequent Excess Expenditure

Economic Mathmatics Methods How Can Avoid: Frequent Excess Expenditure

          
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About the Book

What is our nowadays social new economic social measurement methods to solve our social or business problems? How to apply simple economic theories to help any organization, individual, even government to avoid spend excess expenditure frequently ? I shall attempt to indicate some examples as below: IN economies, we meet with a number of different kinds of mathematical relationship. Perhaps for examples of such relationships are: income equals consumption plus saving; or the sum of saving by each sector of the economy equals the total saving of the economy; or the quantity of some commodity sold multiplied by the average selling price equals the expenditure on the commodity. However, these question do not tell us anything about the behavior of economic agents; the only simply indicate the defined relationships between certain terms. When relationships of this kind form part of a system of equations they may be used to eliminate certain variables from the system and thus reduce the degrees of freedom of the freedom of the system. For the defination relationship " income equals consumption plus saving", we can obviously write down ( income minus consumption) where ever saving appears in a system of relationships, thus reducing the number of variables and of equation. Hence, such as this relationship economic equation. Any householder can attemot to apply this equation to help them to avoid to spend excess expenditure to cause money shortage in every month.Evidently, this equation can encourage any householder individual need have good saving habit, such as human behavior with the aid od definitional relationship between spending and saving. For example, if the householder evaluates he will have less income in this month. Then, he won't encourage himself to spend much expenditure for home non-essential need in orded to avoid he will have money shortage to prepare to pay rent, electricity, fuel for cooking, bath daily essential expenditure. This is one good example new economic equation between consumption and income to assist any householder spending behavior to avoid to spend excess expenditure every month in our new economic society.In addition, we shall need relationships of a behaviouristic character telling us something of the way in which the different individuals or institutions behave or indicating the technical relationships which say between the input of factors of production and the output of product for manufacturer in order to avoid the excess of spending manufacturing expenditure. Example of such relationships are: The familiar demand and supply relationships; the relationship connecting savings to income and the rate of interest; a relationship indicating the presence or absence of price control, that is the influence of an aspect of the legal system highly relevant to economic behaviour. Hence, if the manufacturer can observe that the product's production elements has one fixed standard amount, e.g. using US$100 to US$150 to manufacture any one this kind product when the product is needed to bought more than US$150 production element to manufacture


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Product Details
  • ISBN-13: 9798573801308
  • Publisher: Independently Published
  • Publisher Imprint: Independently Published
  • Height: 254 mm
  • No of Pages: 432
  • Series Title: Economy Theory
  • Weight: 1178 gr
  • ISBN-10: 8573801301
  • Publisher Date: 29 Nov 2020
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Spine Width: 28 mm
  • Width: 203 mm


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