Download or read book Can Stable Income Raise Consumer Purchase Desire written by Johnny Ch LOK and published by . This book was released on 2020-04-29 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can apply behavioral economic method to predict that the consequences of a stable basic income consumer's consumption behavior? It may be significantly different than the ones are predicted by the standard economic model if more realistic assumptions of human consumption behavioral prediction success. Behavioral economic method assumes that consumer will compare whether whose benefits are more than costs after they buy the product or consume the service. I assume the consumer is only the who have stable basic income source consumer target. This stable basic income target consumers who will evaluate or feel they will earn more benefits than costs to every product in their consumption process, after they will make final decision to choose to buy the product to use or consume the service. Otherwise, if they feel they won't earn more benefits after they buy the product or consume the service in the consumption process. Then, they won't choose to buy the product to use or consume the service. In behavioral economic view point, it indicates their consumption behaviors are depend on comparing the product or the service whether it can satisfy their desire benefits and their desire benefits to the product or service must be more than their consumption cost.There are four points to apply behavioral economic method to predict each stable basic income individual income spending. They include: motivation, conspicuous consumption, social preferences and crowding theory.Each stable basic income consumer individual spending amount will be different and it is represent that every high stable basic income consumer must decide to consume any high cost services or buy high cost products to use. Although some economic teachers assume general high income people will accept to spend more expenditures for enjoyment or buy high cost of products to satisfy basic high level necessary expenditures. But, applying behavioral economic analysis, it is not absolute true, some low income people also accept to spend more to buy high cost of products or increasing spending expenditures for enjoyment for their basic necessary expenditures.The field of behavioral economic can be fined as a combination of economics and psychology that tries to capture human behavior in a more realistic. Understanding each consumer individual consumption behavior, we need to know how who does each decision to influence each consumption choice. Consequently, analysis reaches the conclusion. Every high or low level stable basic income consumer individual behavioral consumption that the microeconomic consequences of a stable basic income of individual consumer target consumption group could be efficiency enhancing, but at the same time incentives about positional concerns could lead to wasteful and inefficient spending to the stable low basic income consumer target group.⦁How to apply behavioral economic method to contribute to the stable basic income target consumer group's consumption prediction?What is basic income mean? A basic income is an income paid by a political community to all its members on an individual basis, without means test or work requirement. How to apply behavioral economic method to contribute to the basic income consumption prediction? I assume high income tax is charged to one high income tax payee , it will influence the high income tax payee individual consumption desires to be fallen, also extrinsic incentives will effort and intrinsic motivation and how the labor market change these variables under and big changes predicting, how income security changes social consumption preferences, e.g. how a big change affects the overall level of status -seeking behavior and this effect with income inequality to influence consumer individual consumption attitude or habit.
Download or read book Behavioral Economic Method Explains And Predicts written by Johnny Ch Lok and published by . This book was released on 2019-06-15 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: I shall indicate how to apply different behavioral economy methods to raise stable basic stable income target consumer group consumption desire in these different consumption situation ( consumption environment) aspects as below:1.Stable basic stable income consumer group consumption great or small amount desireThe consumption of products and services is a fundamental part of consumer's welfare. Basically, every one who has stable basic stable income, who will like to consume any products and services. Even, consumption great or small amount desire won't be depended on whether the person whose income is more or less. It means low income level of people will still like to consume great amount to buy expensive products or consume expensive services, because consumption is human's part of life and basic needs. This stable basic income people will like to consume, because they have stable income source when they do not worry about unemployment occurrence to cause them have no enough money to support their life. Otherwise, non-stable basic stable income people won't like to consume because they feel they have no stable basic income source to support their life and they will worry about unemployment occurrence any time. Hence, stable basic income people will have more consumption desire to compare non-stable basic stable income people in any countries usually. Behavioral economic method indicates they feel their economic benefits will be loss if they planned to buy any products or consume any services easily. So, they prefer to save money in bank more than consumption.1.Demand systems and micro-economic factor influence basic income people consumption attitudeWhy stable basic income people will like to consume?
Download or read book STABLE INCOME CONSUMER BEHAVIOR CHARACTERISTICS written by John Lok and published by . This book was released on 2022-03-15 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Behavioral Economic Method Predicts How Employee Influences written by Johnny Ch LOK and published by . This book was released on 2019-10-24 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: How can apply behavioral economy method raises basic stable income consumer consumption desireEconomists aim to develop models of human behavior and interactions in consumption markets. But consumers behave in complex ways, such as how to predict consumers to make rational decisions in consumption processes. Moreover, self-consumption control and motivation can vary significantly across different individual consumer.In order to build useful consumption prediction models, economists make simplifying assumptions, aims to predict how to raise stable basic income consumer target group consumption more success. However, behavioral economy method is one kind of accurate consumption prediction method. It can be applied to predict economic decision-making to every consumer consumption choice more accurate raising whose consumption desire?I shall indicate how to apply different behavioral economy methods to raise stable basic stable income target consumer group consumption desire in these different consumption situation ( consumption environment) aspects as below:1.Stable basic stable income consumer group consumption great or small amount desireThe consumption of products and services is a fundamental part of consumer's welfare. Basically, every one who has stable basic stable income, who will like to consume any products and services. Even, consumption great or small amount desire won't be depended on whether the person whose income is more or less. It means low income level of people will still like to consume great amount to buy expensive products or consume expensive services, because consumption is human's part of life and basic needs. This stable basic income people will like to consume, because they have stable income source when they do not worry about unemployment occurrence to cause them have no enough money to support their life. Otherwise, non-stable basic stable income people won't like to consume because they feel they have no stable basic income source to support their life and they will worry about unemployment occurrence any time. Hence, stable basic income people will have more consumption desire to compare non-stable basic stable income people in any countries usually. Behavioral economic method indicates they feel their economic benefits will be loss if they planned to buy any products or consume any services easily. So, they prefer to save money in bank more than consumption.
Download or read book Stable Income Factor Influences Consumer Behaviors written by Johnny Ch Lok and published by . This book was released on 2020-02-13 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to apply behavioral economy methods to influence employee individual psychology to achieve raise productivity of long term incentive intention?⦁Increasing salary is short term incentive productivity methodBehavioral economy assumes labors will choose to do beneficial behaviors to themselves when they feel their work behaviors can earn more benefits to themselves more than their employers in the organizations. Otherwise, if they feel their work behaviors can earn more benefits to their employers more than themselves. Then, they won't choose to do their work behaviors, e.g. rasing productivities or work hard. Due to they feel work hard or raise productivities behaviors that only give more benefits to their employers more themselves. Whether does cheap product price incenitve consumption desire to influence effective consumption behavior? Whether is monetary increasing salary payment incentive labors might be willing to work on task? I feel raising labours' productivities is similar to raise incentive consumption, which both have similar point, such as increasing salary payment or cheap product price is the main factor to influence incentive consumption or raising productivities. Hence, it seems monetary factor is not the main effort to encourage labors to work hard.In labor's behavioral economic view point, for example, if a employer pays a employee more doing a task, who might be less willing to work on it, who might be less productive given whose efforts and who may enjoy the task less. If you want your employees to save more for retirement. You may want to give them fewer investment options. If you want them to engage more in a task, you might want offer them an additional alternative, instead of increasing salary to that task. Thus, increasing salary is not the onl method to encourage productivities of incentives.⦁How to improve the design of incentive structures to encourage productivities in any organizations?Any monetary incentive can only encourage productivities in short term. It can not only encourage productivities in long term in any organizations. It is similar to cheap or discount product price can only attractive consumers to buy the product in short term, it can not attract consumers to choose to buy the product in long term, it prefers to have more options to encourage labors to incentive productivities, e.g. investing good beneficial retirement plans. Suggesting that employees do not have free disposal of their investment options. These standard inventives seem irrelevant raising salary monetary factor, they can be quite effective in inducing labors to take particular actions to incentive productivities in long term. Due to when they can hard work, then they have more beneficial retirement plans or investing plans for their retirement. It means when they can achieve the most effective or efficient productivities to the employer for long term. It will give better retirement benefits and investment benefits to the better or even the best performance of employees. Otherwise, the worst performance employees won't earn good retirement benefits and investment benefits, when their employers feel their perform very poor in the organizatons in long term.Hence, increasing salary level method is not one successful long term incentive method to persuade every employee to raise productivities or encourage excellent performance optional method. Increasing salary level is only similar to reduce product price and it is only short term encouragement to consumption or productivities method.
Download or read book Demand and Supply Theory Predicts written by Johnny Ch Lok and published by . This book was released on 2020-11-12 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: How can apply demand and supply theory raises basic stable income consumer consumption desireEconomists aim to develop models of human behavior and interactions in consumption markets. But consumers behave in complex ways, such as how to predict consumers to make rational decisions in consumption processes. Moreover, self-consumption control and motivation can vary significantly across different individual consumer.In order to build useful consumption prediction models, economists make simplifying assumptions, aims to predict how to raise stable basic income consumer target group consumption more success. However, behavioral economy method is one kind of accurate consumption prediction method. It can be applied to predict economic decision-making to every consumer consumption choice more accurate raising whose consumption desire?I shall indicate how to apply different behavioral economy methods ( demand and supply theory) to raise stable basic stable income target consumer group consumption desire in these different consumption situation ( consumption environment) aspects as below:1.Stable basic stable income consumer group consumption great or small amount desireThe consumption of products and services is a fundamental part of consumer's welfare. Basically, every one who has stable basic stable income, who will like to consume any products and services. Even, consumption great or small amount desire won't be depended on whether the person whose income is more or less. It means low income level of people will still like to consume great amount to buy expensive products or consume expensive services, because consumption is human's part of life and basic needs. This stable basic income people will like to consume, because they have stable income source when they do not worry about unemployment occurrence to cause them have no enough money to support their life. Otherwise, non-stable basic stable income people won't like to consume because they feel they have no stable basic income source to support their life and they will worry about unemployment occurrence any time. Hence, stable basic income people will have more consumption desire to compare non-stable basic stable income people in any countries usually. Behavioral economic method indicates they feel their economic benefits will be loss if they planned to buy any products or consume any services easily. So, they prefer to save money in bank more than consumption.Prediction traveller individual tourism entertainment package choice from psychology view and computer statistic view. How to predict travel consumption? It is one question to any travel agents concern to use what methods which can predict how many numbers of travelers where who will choose to go to travel more accurately. I think that who can consider how to predict travel behavioral consumption from psychology view and computer science view both.On the psychology view, It has evidence to support the relationship between self-identify threat and resistance to change travel behavior to any travelers, controlling for whose past travelling behavior, resistance to change if a psychological phenomenon of long standing interest in many applied branches of psychology. Past travelling behavior has been acknowledged as a predictor of future action. Such as travelling behavior that is experienced as successful is likely to be repeated and may lead to habitual patterns. Some psychologists differentiate habit between two concepts, such as goal oriented and automatic oriented both. Although repeated past travelling behavior is addition goal oriented and automatic oriented. Further non-deliberative nature of habit may make appeals to judge and to predict future individual traveler's behaviour accrately. However, repeated travelling behavior without a necessary constraint of goal orientation and automatic oriented both.
Download or read book Explaining Consumer Behavioral Economy Behavior written by Johnny Ch LOK and published by . This book was released on 2021-01-11 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists aim to develop models of human behavior and interactions in consumption markets. But consumers behave in complex ways, such as how to predict consumers to make rational decisions in consumption processes. Moreover, self-consumption control and motivation can vary significantly across different individual consumer.In order to build useful consumption prediction models, economists make simplifying assumptions, aims to predict how to raise stable basic income consumer target group consumption more success. However, behavioral economy method is one kind of accurate consumption prediction method. It can be applied to predict economic decision-making to every consumer consumption choice more accurate raising whose consumption desire?I shall indicate how to apply different behavioral economy methods to raise stable basic stable income target consumer group consumption desire in these different consumption situation ( consumption environment) aspects as below:1.Stable basic stable income consumer group consumption great or small amount desireThe consumption of products and services is a fundamental part of consumer's welfare. Basically, every one who has stable basic stable income, who will like to consume any products and services. Even, consumption great or small amount desire won't be depended on whether the person whose income is more or less. It means low income level of people will still like to consume great amount to buy expensive products or consume expensive services, because consumption is human's part of life and basic needs. This stable basic income people will like to consume, because they have stable income source when they do not worry about unemployment occurrence to cause them have no enough money to support their life. Otherwise, non-stable basic stable income people won't like to consume because they feel they have no stable basic income source to support their life and they will worry about unemployment occurrence any time. Hence, stable basic income people will have more consumption desire to compare non-stable basic stable income people in any countries usually. Behavioral economic method indicates they feel their economic benefits will be loss if they planned to buy any products or consume any services easily. So, they prefer to save money in bank more than consumption.
Download or read book Behavioral Economy Method Solves Consumption and Productivity Challenges written by Johnny Ch LOK and published by . This book was released on 2018-05-20 with total page 744 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists aim to develop models of human behavior and interactions in consumption markets. But consumers behave in complex ways, such as how to predict consumers to make rational decisions in consumption processes. Moreover, self-consumption control and motivation can vary significantly across different individual consumer. In order to build useful consumption prediction models, economists make simplifying assumptions, aims to predict how to raise stable basic income consumer target group consumption more success. However, behavioral economy method is one kind of accurate consumption prediction method. It can be applied to predict economic decision-making to every consumer consumption choice more accurate raising whose consumption desire? I shall indicate how to apply different behavioral economy methods to raise stable basic stable income target consumer group consumption desire in these different consumption situation ( consumption environment) aspects as below:1. Stable basic stable income consumer group consumption great or small amount desire The consumption of products and services is a fundamental part of consumer's welfare. Basically, every one who has stable basic stable income, who will like to consume any products and services. Even, consumption great or small amount desire won't be depended on whether the person whose income is more or less. It means low income level of people will still like to consume great amount to buy expensive products or consume expensive services, because consumption is human's part of life and basic needs. This stable basic income people will like to consume, because they have stable income source when they do not worry about unemployment occurrence to cause them have no enough money to support their life. Otherwise, non-stable basic stable income people won't like to consume because they feel they have no stable basic income source to support their life and they will worry about unemployment occurrence any time. Hence, stable basic income people will have more consumption desire to compare non-stable basic stable income people in any countries usually. Behavioral economic method indicates they feel their economic benefits will be loss if they planned to buy any products or consume any services easily. So, they prefer to save money in bank more than consumption.
Download or read book Consumer And Organizational Time Psychology written by Johnny Ch Lok and published by . This book was released on 2019-07-18 with total page 524 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether can apply behavioral economic method to raise productivity, service performance in organizations and predict consumer individual emotion in consumption market. I write this book aims to explain whether behavioral economy methods can be attempted to solve how to raise productivities challenge in organizational situations as well as how to predict consumption behaviors challenges. This book divides two parts. Part one, I explain what behavioral economy mean and what behavioral economic methods can be applied to predict consumer emotions and raise staff productivities behaviors.In part one, chapter one I shall explain how to apply behavioral economic method to predict normal basic income consumption client group's habitual spending behavior as well as how to apply behavioral economic method to predict how labor market changing behavior and predict when labor market changes will occur in order to solve shortage of labor or job supply shortage challenges, I shall explain how can apply behavioral economy method raises basic stable income consumer consumption desire, I shall explain behavioral economy method to explain what is the mean of basic stable income consumption great of small amount desire, how to apply life-cycle advertisement method to predict of consumer behavior, and explain how to apply behavioral economy method to raise electricity consumption from electricity user individual habit.In part one, chapter two, I shall explain how to apply behavioral economic method to build consumer confidence is as a predictor of consumption spending. I shall also explain what confidence in consumption survey means and I shall apply behavioral economy method to explain how and why to apply survey to gather data in consumption market. It can measure how much degree of confidence of overall clients to the brand of product or service as well as how to build consumer confidence to buy the brand of product or consume the brand of service as well as I shall also explain what a confidence indicator means and how to apply confidence indicator to predict how many potential consumers will choose to buy the brand of product or consume the brand of service. I shall explain how to apply behavioral economy methods to influence employee individual psychology to achieve to raise productivity of long term incentive invention. I shall apply behavioral economy method to explain why increasing salary is short term incentive productivity method, how to improve the design of incentive structures to encourage productivities organizations, how to build employees and managers kindly co-operational relationship method, explain whether bonus method can encourage service performance to be raised as well as how to apply behavioral economy method to explain how to predict human motivation natural behaviors. I shall apply behavioral economic method to explain that why under-level productive efficiency is not represent low production number to the manufacturer as well as low-consumption desire is not represent less consumer demands or customers lose confidence to the product.In part two, I shall indicate some large organization cases how to apply behavioral economy methods to predict consumer behaviors and solve consumer desire challenges as well as how to apply behavioral economic methods to raise staff productivities.On part three, This first part explains how and why time pressure will influence marketing behavior. I shall indicate some service and product case to explain what the time pressure consumption environment can influence consumer decision making. I also indicate some large international organizations to explain how and why consumers will feel time pressure to influence their consumption behaviors. This second part explains how and why time pressure will influence employees feel that they need learn how to change their working behavior in order to adapt their working pressure environment.
Download or read book Relationship Between Economic Environment And Consumer Behaviors written by Johnny Ch Lok and published by Independently Published. This book was released on 2019-11-23 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: It brings this question: How can be the country's attitude evaluated inflation level in order to achieve rising GDP income and encouraging consumers' real shopping desires to rising their consumption desires in the same time? Any countries will become apparent that this is anything but accurate, and certainly cost-push inflation made no case for inflationarypolicy, because when the country's general any products' productive material costs prices are increased by imports. Then, the country's general businessmen will rise their product prices in order to compensate or avoid their profit losses in possible, if their sale sales can not increased immediately. It is one cost-push inflationary factor to influence sellers rise their products sale prices activities. The issue of the relationship between cost-push inflation and the " trade-off" is however, an important issue. Whether the possibility of a relation betweeneconomic growth and inflation might be seen as making such raising consumption desires in real in the country, it is such as case is a more different to achieve " increasing GDP income and rising consumers' desires to consume in the same time" both aims.I shall recommend that attitudes to keep price stability inflationary policy may achieve raising GDP income and raising consumers' desires both aims in the same time in possible. Inflationary policy implementation will depend on these factors: Firmness, and durability of the commitment to price stability. It is not all together easy to establish what attitudes of price stability were topical since there are both more and less inflationist authors from any period who can be quoted or ignored so as to give a different impressoin, but taking the literature as a whole, there is great continuity in economists' view points to general inflation. Burns ( 1957) was later a policy-maker, and certainly inflation averse. But, rather than quaote of consensus views might come from the successoin of international reports on the inflation problem.Hence, I believe that any country governments need to consider that year has high or low unemployment ratio in order to implement inflationary strategy in order to acheive the rising of GDP income and rising consumers' real consumption desires both aims. Because any country irself high or low unemployment ratio may influence the country itself general consumer consumptoin desires to be increased or decreased also. For exmaple, if the year has many people do not like to go to shopping in the country. Then, although the country'sgeneral products prices are increased, but it can not assist businessmen can increase to sell more products in possible. Consequently, the country's GDP income won't be increased, even it will be decreased in possible in the year. So, any country governments can not neglect the relatoinship between " inflation and unemployment ratio" as well as " consumers real consumption desires and GDP income" both issues.Because, although, the country can raise its GDP in this year, but it must not represent its overall consumers real consumption desires are also raised in possible. Because in the inflationary year, it is possible that consumers feel worry about the overall products prices level will continue rise. So, it casues many consumers still accept to buy any things in the country in the year. But, if some consumers do not believe that inflationary period will continue due to year and they will lose jobs next year. These consumers won't choose to buy any more things, even they will reduce consumption in this year. So, GDP income rises in this year, it is short time or temporary period. It does not represent GDP income also rises in next year to the country.
Download or read book Economic Logic Fourth Edition written by Mark Skousen and published by Regnery Publishing. This book was released on 2013-10-29 with total page 730 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Eureka! Skousen has done the impossible. Students love it! I will never use another textbook again.”—Harry Veryser, University of Detroit-Mercy They said it couldn’t be done. Austrian economics is so different, they said, that it couldn’t be integrated into standard “neo-classical” textbooks. Consequently, college students learn nothing about the great Austrian economists (Mises, Hayek, Schumpeter). Professor Mark Skousen’s Economic Logic aims to change that. Based on his popular course taught at Columbia University, Skousen starts his “micro” section with Carl Menger’s “theory of the good” and the profit-and-loss income statement to explain the dynamics of the market process, entrepreneurship, and the advantages of saving. Then he uses a powerful Hayekian four-stage model of the economy to introduce “macro,” including a new Austrian measure of spending at all stages of production (Gross Domestic Expenditures). Economic Logic also offers chapters on: The international gold standard, the defects of central banking, and the Mises/Hayek theory of the business cycle. A full critique of the Keynesian Aggregate Supply and Demand (AS-AD) model, and a revolutionary Austrian alternative. Entrepreneurship, the financial markets, environmental economics, monetary policy and inflation, federal spending and taxes, and government regulation. Leaders of all schools, including Austrian, Keynesians, Marxist, Chicago, and Public Choice.
Download or read book The Why of the Buy written by Patricia Mink Rath and published by Bloomsbury Publishing USA. This book was released on 2023-03-09 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Even as the fashion industry changes rapidly with new technologies, styles and trendsetters, one thing remains constant: the customer is key. But with more competition than ever before, how do fashion brands reach elusive customers and even more crucially, establish loyalty? This thoroughly updated third edition introduces core concepts of consumer behavior through a unique fashion perspective. Ideal for fashion merchandising and marketing courses, this text explains the motivation behind consumer choice and purchase written in a clear manner with industry examples. This text will cover updates in technology and social media, which have changed the landscape of the fashion market. Discussion of the pandemic, diversity, sustainability, and ethical practices are also included. Student activities, mini-projects, and brand new “Just-in-Case” case studies promote application of the text concepts for a complete understanding of The Why of the Buy. STUDIO Features Include: - Self-assessment quizzes to test yourself on what you have just read - Flashcards of key terms and concepts covered in the book Instructor Resources - Instructor's Guide to help incorporate the text into your classroom -The Test Bank includes sample test questions for each chapter - PowerPoint Slides for every chapter
Download or read book An Inquiry Into the Nature and Causes of the Wealth of Nations written by Adam Smith and published by . This book was released on 1822 with total page 522 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Sustainable Capitalism and the Pursuit of Well Being written by Neil E. Harrison and published by Routledge. This book was released on 2013-12-17 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sustainable development is the central challenge of the 21st Century. How can human civilization continue to develop without destroying the natural systems on which it depends?Environmentalists tell us that capitalism is the problem because it feeds our self-interest. They tell us that we have to restrain ourselves and only consume what the Earth can sustain. Or governments must tell us what we can and cannot buy. This book uses the science of complex systems to explain why governments cannot deliver sustainability or happiness and how self-interest can be used to make society sustainable. Capitalism won the Cold War; until the Great Recession of 2008, it seemed to be the perfect system. But more of us are unhappy even as it has ravaged the planet. The central problem is the paradigm on which our social systems are founded that more (consumption, production, possessions) is always better. Based on research from political economy, philosophy, and psychology, this book shows that the problem is not self-interest. We are unhappy because we have been taught that our interests are material and that buying 'stuff' will make us happy. Yet, social pressure to consume only prevents us from satisfying our basic psychological needs and fully enjoying life. For that we need to pursue our personal well-being. Because this also reduces our material consumption, environmental sustainability comes from each of us knowing what's truly good for our selves. Even without the constant economic growth that harms the planet and damages our lives, capitalism also is sustainable. This book will be of interest to scholars and students of sustainability;civil societyactivists and social entrepreneurs; thought leaders and policymakers. .
Download or read book Economic Environment Predicts Consumer Behaviors written by Johnny Ch LOK and published by . This book was released on 2019-11-30 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: To go back to the example of the definitional relationship " income equals consumption plus saving", we can obviously calculate it means that income minus consumption, whereever saving appears in a system of relationships. Thus, reducing the number of variables and of equation. As ny explanation indicates that why micro economic data, e.g. indivdual income variable level, saving variable level is more accuate to be gathered to use for judgement when, why and how the kind of product general consumers behaviors or shopping desires change to compare macro economic data , e.g. the country's GDP in the country. Because we can not build up a theory of human behavior with the aid of definitional relationship alone, in addition we shall need relationship of age groups, such as a individual or a young age group, working age group, old age group different age consumers or occupation groups, e.g. professional occupation, such as teacher, doctor, lawyer , or low educational level occupation, such as factory worker etc. different age or occupation consumer groups of a consumption behaviouristic or consumer group character telling us something of the way in which the different individuals or consumer groups behavr or indicating the technical relationships which subsist between, say the input of factors of production and the output of product. Example of such relationships are: The familiar demand and supply to the brand product relationships; the relationship connecting saving to the individual income or general young age group income or old age group income or working people income in the society, and the rate of interest to the country's bank system; a relationship indicating the presence or absence of price control to gas issue concerns how to influence car buyers' purchase cars demands or driving desires. All of these any one of micro economic relationship is the influence of as aspect of the consumer behavioral changing or consumer desire changing system highly relevant to general macro economic behavioral change system to the country.Is these any advantage in operate with structural equations? The answer is " yes" for the following reasons. In the case of relationship expressing behavior these may be expected to ahve the highest possible degree of performance, since they reflect the behavior of only one type of entity in the system, such as sales and price information equations just mentioned, depend for their stability on the constant responses not of one but of two or more types of entity, in the example both buyers ( the kind of product consumers or buyers ) and sellers ( the kind of product sellers). Thus, if we can assume that the buyers' responses , through not the sellers' responses will remain constant over a period, we can express ( or forecast) the quantity transacted by using one equation if we adopt the demand equation. Whereas, we shall need to least two if we adopt that sales equation. Thus, in micro economic view, equation method , such as gathering the kind of sale and price their information, it may help the seller measure whether it ought set up how much sale price to the product to let many consumers feel the most reasonable in order to increase its sale number in the country's consumption market.
Download or read book Right on the Money written by Pat Robertson and published by FaithWords. This book was released on 2009-05-27 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: You know that Pat Robertson is a world-famous televangelist, but did you know that he's also an expert in financial matters? In his weekly broadcast segment, "Money Monday", Dr. Robertson answers viewers' questions about all things financial. His deep knowledge of finance, based on sound economic - and Biblical - principles, has made him a "go to" resource for hundreds of thousands of CBN viewers. Now he has written a book that is accessible to everyone and provides answers people desperately need in today's tough times. Among the topics he addresses are how to: Create a healthy financial plan Devise spending strategies to help you live within your budget Identify areas where your money can grow Build a nestegg Maximize your tax savings Cut costs Diminish your debt Invest wisely Make prudent financial decisions Plan for the future Enjoy peace of mind and God's financial protection RIGHT ON THE MONEY also includes a financial glossary, worksheets and a special section of the most frequently asked questions & answers about keeping what you have and growing your personal net worth.
