examples of non economic factors
What is the difference between economic and non economic activities.?
non-economic choice
no its non economic activity.
no
Morale in the working populationWork satisfactionMental depression to the work forcePeople not so inclined to seek work after long periods of unemploymentMore crime due more youths out of work and petty crime for money
examples of non economic factors
What is the difference between economic and non economic activities.?
The main reason the unemployment can't fall to zero is that unemployment below NAIRU (Non-Accelerating Inflation Rate of Unemployment which is around 5%) creates a tight job market which leads workers to demand higher wages and firms to increase its prices as demand and costs go up. This situation leads to high inflationary pressures.
non-economic choice
Unemployment Compensation is considered non-taxable income for the Earned Income Tax.
An economic want is like America wants gas prices to be lower, a non economic want would be wanting milk prices to be lower.
Examples are Sunk Costs, Fixed costs and Allocated Costs.
Non Accelerating Inflationary Rate of Unemployment
no its non economic activity.
Economic analysis, in contrast to financial analysis, defines the real resource flows induced by an investment rather than the investment's monetary effects. (JP Gittinger 1982 Economic Analysis of Agricultural Projects) Financial analysis thus relates to the performance of a project from the viewpoint of a stakeholder - eg, a farmer or institution, and looks at investment, maintenance and operation costs and cash revenues after taxes, duties etc. Economic analysis defines the impact of the project on the regional or national economy. It does not consider transfers between economic actors, such as taxes, duties etc. It values traded outputs/costs at their economic level (often defined by their world price net of import or export costs). Non-traded outputs/costs (ie, where price is not determined by "the market") can be valued on the basis of "willingness to pay" or shadow price. Both economic and financial analysis should look at the with project situation compared to the without project (and not before and after) - ie, they take account of changes that would have occurred in the absence of the project investment.
cause