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ECO 365 Principles of Microeconomics Week 1 to 5

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ECO 365 Principles of Microeconomics Week 1 to 5

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  1. Microeconomics studies the individual economics and economic firms Organization leadership is the most important thing for achieving organizational goals and competitive businesses make the profit based on leadership. The elasticity of demand is used in microeconomics that measures the responsiveness of demand to a change in price. Inelastic is where the demand for a product changes the prices in a smaller percent change in demand. This means people are unresponsive to the change in the price. The edition of ECO 204 Principles of Microeconomics builds on the foundation of the previous edition and retains a thorough and careful presentation of the principles of economics.Organizations are built on leadership and when there is great leadership in a company or place will succeed in all activities that it undertakes, experiences growth and retains employees, infect no company or organizations can survive in the lack of effective organizational leadership. One of the key elements in LDR 531 Organizational Leadershipis maintaining a delicate balance between understanding employee needs and organizational goals. An organization with the right leadership elements will have employees whose are satisfied with working in the organization and who feel that their work has contributed to organization growth. It must treat its employees as the most vital part of the entire system and instead of just a workforce; it must treat them like assets. Organizational leadership is a great way to survive for company’s growth and benefits. ECO 365 Principles of Microeconomics is the text underscores the development of critical-thinking skills, real-world applications, path-breaking and diagrams renowned for their pedagogic and clarity technology. As a mentor, features in the chapter openings and endings motivate students to think critically about a news article related issue, demonstrating how thinking like an economist can bring a clearer perspective and deeper understanding of today’s events.

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