Monthly Archives: February 2017

Business Economics Success – Price Elasticity and Total Revenues!

In order to explain the relationship between total revenue and the price elasticity of demand, people need to understand what total revenue is. Total revenue is the amount paid by buyers and received by sellers of a good. Total revenue … Continue reading

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Entrepreneur Business Economics

Economics is one aspect of business that entrepreneurs should be familiar with. After all, business is run by economic trends. The law of supply and demand, for example, defines the prices of commodities. It also determines what particular goods are … Continue reading

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The Business Economics Major

If you wish you had known more before this economic recession hit and you find yourself brainstorming ways out of this mess, then perhaps pursing a Business Economics major is for you! At an economics college, you’ll learn about many … Continue reading

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