Finance FAQs

What will be the long-term effects of the Baby Boom?
There are millions of Baby Boomers coming up hot and heavy. There are pros and cons... PROS: Baby Boomers want things right and aren't too old to fight for it which could be excellent in the areas of health care, politics, ...... More »
What is globalization and what are its effects on the Indian economy?
It is largely positive. Globalization has brought many jobs and large sums of investment to India. India's economy has been growing at exceptional rates for the past several years and many new opportunities have opened up for India. Yet, India...... More »
What are the types of market economies?
From my understanding, there are 4 main types of market economies. They are also known as Economic Systems. The 4 are Free Market, Mixed Market, Command and Traditional Economy. Please try to understand that there are various terms for them, and i...... More »
What is the opportunity cost of devoting scarce university land to car parking?
Since opportunity cost is defined as the cost of any activity measured in terms of the best alternative activity, which is forgone, in this case, the opportunity cost can be a field for students to play around or a land where a library can be buil...... More »
How do reductions in government spending affect the economy?
Generally the government is very good at wasting money and resources so less spending, by the government helps the economy as those resources are allocated in areas that are more efficient. ...... More »
What is the significance of foreign exchange rate risk and how can this risk be mitigated?
Foreign exchange risk is the level of uncertainty that a company must manage for changes in foreign exchange rates that will adversely affect the money the company receives for goods and services over a period. For example, a company sel...... More »
How do the determinants of demand affect the price of a particular product?
As demand for a good goes up, the price goes up. So any determinant of demand that has positive or negative effect on demand will have the same affect on the price. ...... More »
Is there competition between the producers in Canada?
Yes, Canada is a mixed economy. Thus, there is going to be some degree of competition among "producers." ...... More »
How tourism is an upcoming industry?
Tourism is an upcoming industry because it is generating high level of income, nowadays it is third number of high income generating industry... ...... More »
What are the disadvantages of mixed economy system?
The disadvantages of a mixed economy really depend on how "mixed" it is. For instance, if it is mixed more towards a free-market, there is little regulation (some may see this as a good, though), but if it is mixed more towards a command economy, ...... More »