Um, you can ignore me... I think I'm too sian-ed le...
FACTORS AFFECTING DEMAND
- seasonal factors
- price change expectations
- govt economic policies
- availability of credit facilities and hire purchase
- size and composition of e population
- degree of necessity of the gd
- prices and demands of related fds
- consumers' tastes and preferences
FACTORS AFFECTING SUPPLY
- no of suppliers
- price of factor inputs
- price of related goods
- weather conditions (agricultural products)
- state of technology
- govt policy (taxes and subsidies)
FACTORS AFFECTING PED
- degree of necessity of the good to consumers
- proportion of income spent on the gd
- habits of consumers
- availability of substitutes
- time period
FACTORS AFFECTING PES
- cost of attracting extra factor inputs
- entry barriers
- time period
FACTORS AFFECTING YED
- definition of the gd (normal? inferior?)
- time period when consumption pattern changes
- proportion of income spent on the gd..
FACTORS AFFECTING XED
- er.... coefficient... will include the closeness of the relationship
- er.... sigh... positive or negative.
INTERNAL ECONOMIES OF SCALE
- technical
- adminstrative/managerial
- marketing/commercial
- others (welfare, r n d)
- risk bearing economies
- financial
EXTERNAL ECONOMIES OF SCALE
- reputation
- availability of skilled labour
- Research and development
- Ancillary firms
- transport and commercial facilities
EXTERNAL DISECONOMIES OF SCALE
- localized unemployment... unexpected events?
- traffic congestion
- cost of factor inputs very great
INTERNAL DISECONOMIES OF SCALE...
er.... this one is like writing essay liddat. Dun wanna put la.
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