Natural factors and availability of credit, Microeconomics

Natural Factors:

Seasonal variations may affect the demand for a commodity at certain times of the year. For example, during the raining season, demand for commodities such as jackets, raincoats and umbrellas will increase while during the dry season, demand for commodities such as fans and air conditioners will rise.

Availability of credit

When consumers are given credit facilities in the form of credit purchases, hire purchases and the use of credit cards and cheques, they are encouraged to buy more goods. Granting credit facilities, therefore, increased demand for goods covered by these facilities, all things being equal.

Posted Date: 1/2/2013 1:18:41 AM | Location : United States

Related Discussions:- Natural factors and availability of credit, Assignment Help, Ask Question on Natural factors and availability of credit, Get Answer, Expert's Help, Natural factors and availability of credit Discussions

Write discussion on Natural factors and availability of credit
Your posts are moderated
Related Questions
An ole firm can use its own data of past years regarding its sales in past years. These data are known as time series of sales. A firm can predict sales of its product by fitting t

Illustrate about the elasticity of substitution. The Elasticity of Substitution: The technical substitution’s marginal rate measures the slope of an isoquant. As well the el

what are the variables to be included in the social welfare of a country?

what happens when price is fix and there is a change of the supply and demand curve

Problem: (a) "Economics is the study of how society decides what, how and for whom to produce". Describe the importance of opportunity cost to a society. (b) Distinguish bet

Explain the Kuhn-Tucker Theorem in economics. Kuhn-Tucker Theorem: Assume that x solves the inequality constrained optimization problem and also satisfies the constrained qu

What should be the decent/appropriate growth rate in any country?  Answer:   A growth rate of among 2-3% is considered normal for mature developed countries; for LICs, 5-7% is

Five uses of elasticity on the Public Sector and five uses of elasticity on the Private Sector.

Inverse Demand Function: If variable factor prices changes, then the isocost line will tilt and consequently, the optimal factor requirement will be different. Suppose the wage rat

when the demand function is 2Q-24+3P=0,find the marginal revenue when Q=3.