Macro Economics
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10 of the Best Christmas Markets in Italy

10 of the Best Christmas Markets in Italy | Macro Economics | Scoop.it

Christmas markets in Italy are one of our favorite parts of, well, Christmas in Italy! Not only are they beautiful and atmospheric (and a great place to get that holiday shopping done), but they make for an especially fun way to get to know an area’s local traditions, delicacies and artisans. Since we love sustainable and immersive travel, we think that’s always a plus!

Here are our 10 favorite Christmas markets in Italy, from Naples on up to the Dolomites!

Christkindlmarkt in Bolzano (Dolomites)Traditional South Tyrolese market in Lagundo (Dolomites)Weihnachtsmarkt German Market in FlorenceChristmas nativity market in NaplesMedieval candle market in Candelara (Le Marche)Fabbrica di Babbo Natale in Pisa (Tuscany)Piazza Navona market in RomeChristmas Market Piazza NavonaCampo San Polo market, VeniceO Bej, O Bej market in MilanChristmas market in Turin
Via Mariano Pallottini
Afronomics's insight:

Before discussing the forces that move markets, it is important to know what constitutes a market and what they actually are. Markets are basically any group of buyers and sellers for a particular product (good) or service. There are highly organized markets, such as christmas markets or farmer's markets, but more commonly there are  less organized markets, that encompass everything from food to skinny jeans.

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Micro 2.1 Supply and Demand Curves- Basic Economic Concepts

Mr. Clifford's explanation of the Law of Demand and the Law of Supply. He also shows why demand curves are downward sloping and supply curves are upward slop...
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Law of Demand:

The claim that, ceteres paribus (all things being equal), the qauntity demanded of a good falls when the price of the good rises.

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What is a demand curve?

A quick explanation of the demand curve, a basic concept of economics. From BeechmontCrest.com.
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Demand curves:

A graph of the relationships between the price of a good and the quantity demanded.

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The Economic Relationship between Quantity Supplied and Prices - For Dummies

The Economic Relationship between Quantity Supplied and Prices - For Dummies | Macro Economics | Scoop.it
Supply describes the economic relationship between the good’s price and how much businesses are willing to provide. Supply is a schedule that shows the relationship
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Drew

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Economics: Market & Individual Supply Curves

http://www.mindbites.com/lesson/11117 for full video. For a full video Economics course, click through to http://www.mindbites.com/series/1078-economics-full...
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CONCLUSIONNN

Macro Economics
Afronomics's insight:

Supply and Demand

 

Supply- a supply curve is a relationship between the prices of a certain good and the amount of that good producers make- supply curves slope upwards!!!!

 

Demand curve is a relationship between the price of a certain good and the amount of that good buyers want to buy, people will buy more of something when its cheaper- Demand Curves slope down!!!!!

 

- The place on a graph where these 2 curves meet is called the MARKET CLEARING PRICE!!

 

 

 

Law of Demand!!!

 

When the price goes up, quantity demand will go up. When the prices goes down… people will BUY MORE!!

 

Demand Curves are downward sloping curves. It is an inverse relationship between price and Quantity!!

 

WHYYY does this happen

 

1)   Substitution effect- price goes up, they will find another product- reverse effect- price goes down, people will produce more of that procduct

2)   Income effect- purchasing power, price goes up, your purchasing power goes down, prices goes down, you have more purchasing power

3)   Law of Diminishing additional satisfaction,-if firms think your going to buy a lot of a product, they increase the quantity, so they have to lower the price because the consumer gets less and less satisfaction the more you consume

 

Law of supply is ….

 

Supply is Upward sloping- because there is a trade off between labor vs. leisure – when the price is low to produce, your prolly not going to make much $$$$ off it,  opportunity cost is greater because you can find something better to do (chill with friends and fam)

 

HOWEVERRR- when the price goes up though, you can make more $$$$ from it, your opportunity costs shifts because you can make more money doing that, when the price goes up, quantity supply increases THAT IS LAW OF SUPPLY

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Google making game console, watch - report

Google making game console, watch - report | Macro Economics | Scoop.it
SAN FRANCISCO (MarketWatch) -- Google Inc. is developing a videogame console and a digital wrist watch -- both of which use the company's Android mobile operating system -- according to a report Thursday afternoon by the Wall Street Journal.

Via Android Gyan
Afronomics's insight:

Competitive markets, such as that of videogame consoles, cellphones, and skinny jeans, have many buyers and sellers so that individual sellers and buyers have negligible impacts on the price of the good or service being offered. The more firms or sellers that join a market, the more competitive the market becomes.

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Grain monopolys tighten grip, food prices increase

Grain monopolys tighten grip, food prices increase | Macro Economics | Scoop.it

LONDON: A global race for grain trading power is putting more of the world’s vital cereals in the hands of fewer companies, with a string of recent acquisitions raising fears that consumers will pay even more for their food, while farmers are squeezed.


Via CIMMYT, Int.
Afronomics's insight:

Sometimes, however, circumstances in a market, such as company acquisitions or firm bankruptcy, may give an increasing amount of power over prices to fewer companies. When this happens, it is called a monopoly. When monopolys occur, it is usually means higher prices for the same goods or services and it is the consumer who suffers.

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Changes in Supply and Shifts of the Supply Curve

This video gives an overview of supply changes, including movements along the supply curve resulting from a change in price as well as shifts of the supply c...
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Supply and Demand

If you've only heard of one economics concept, it's probably supply and demand. Eventually we'll want to derive this concept from basic assumptions about uti...
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Supply Definition | Investopedia

Supply Definition | Investopedia | Macro Economics | Scoop.it
A fundamental economic concept that describes the total amount of a specific good or service that is available to consumers.
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