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In: Journal of Operations Management, 22/2 ^ "Recession definition". BusinessDictionary.com. http://www.businessdictionary.com/definition/recession.html. http://www.portalplanetasedna.com.ar/paises.htm Conclusion: Because scarcity leads to economize and to choose the maximum benefit minimum cost, sometimes called the economy as the science of choice that predicts how changing circumstances affect election the personas.Fenmenos as unemployment and inflation are common sight in economic interventions. In the higher socioeconomic strata most people have different types of needs met and you work to live even better. 1 Supply and demand is considered a basic economic concept and a vital part of a free market economy. The bid is the amount of something, like a product or service that the seller is selling.This can be good or service bicycles, hours of driving lessons, candy or anything else that comes to mind. the market has available. Demand is the quantity of the product or service that buyers want to purchase. Almost all human beings on the planet demand a good or a service. 2. The relationship between supply and demand has a major influence on the price of goods and services. Understanding the law of demand is an important part of deciphering the relationship between supply and demand.According to the law of demand, the price has a significant effect on demand. In essence, higher prices translate into lower demand for a product or service. When the price of an item or service is high, an individual must be aware that the purchase of the item can prevent it from being able to afford the purchase of another item, the more valuable. As such, the opportunity cost of that item is too high and that demand may be low. The law of supply is also vital to understand the relationship between supply and demand. According to the law of supply, increased quantities of a product or service that is supplied at a higher price. Those who produce goods and services offered are more willing to offer higher prices due to the sale of their goods at higher prices provide more income. 2. The market economy system is concerned, as can be deduced from its name in the operation of the market.The market is the mechanism that responds to three fundamental questions that any economic system arises: what to produce?How do you produce? Who comes? When it comes to market, this way of thinking at the same time the interplay of supply and demand. The interaction of the two determines the prices, which are the signals that guide the allocation of resources. Prices perform two essential tasks, providing information and incentives for different actors, so that, acting in their own interest, the system works effectively. 2 PRICE.DETERMINACIN 20072008.

Buyers and sellers agree on the price of goods to produce exchange specific amounts of these products for a certain amount of money. The price of a good is your relationship with the exchange of money, ie, the number of monetary units in exchange for one unit of good. The pricing for all goods, the market mechanism for the coordination of buyers and sellers, ensuring the viability of a capitalist market system. 3. Commerce. The market. Suppliers. Buyers. ... Economic factors determine the supply and demand of variety of factors influence the demand for a certain price amount: The average income of consumers Market size Prices of goods and the amount of such existing These objective factors that add a number of subjective elements called tastes and preferences Every so often have certain elements behind demand. The demand is constantly changing as it evolves economic life. The table on the supply of a good is the relationship between the market price and the number of farmers willing to produce and sell, keeping everything else constant. An important element behind the supply curve is the cost of production, which depends on factor prices and technological advances. An equally important factor in the costs of production are technological advances, including changes that reduce the amount of inputs needed to produce the same amount of production. However, the costs of production are not the only ingredient that goes into the supply curve. Also affect the prices of related goods that can be easily replaced each other in the production process. Government policy also significantly affects the supply curve, as well as special items. The offer varies when you change any item, except the price of the goods. From the standpoint of the supply curve is said to supply increases (decreases) when increases (or decreases) the quantity supplied at each market price. The market is in equilibrium when price and equilibrium quantity of the forces of supply and demand. The reason is called that is in equilibrium when supply and demand are in balance, there is no reason to raise or lower the price, if all else remains constant. 3 Inflation is when prices of most goods and services remain slow upward trend. Is measured by the Consumer Price Index (CPI). Inflation can affect different parts of the economy at different times. For example, oil prices rise and fall quickly, because they are driven by the offers on the price of futures contracts petrleo.Como result, gasoline prices are also very volatile. This can increase the price of food, which is often transported long distances. For this reason, the price of food and energy is beyond the rate of inflation. This is used by the Federal Reserve as a better indicator of real inflation. Inflation can also affect one or two parts of the economy. For example, housing prices are

bid, reaching a peak in 2006. This is known as asset inflation, since it affected a class of assets.Asset inflation also occurred with portfolios of stocks when the Dow hit its peak of 14,164.43 on October 9, 2007. Inflation is usually the result of overheated economic growth, often caused by the exuberance irracional.Tambin is caused by an excess of capital in the market chasing too few opportunities.This occurs when too much liquidity, which is excess dollars or credit card. In economics, a recession is a contraction of the economic cycle, a general slowdown in economic activity during a period of time. [1] [2] During recessions, many macroeconomic indicators vary similarly. The production, measured by Gross Domestic Product (GDP), employment, investment spending, capacity utilization, household incomes, corporate profits and inflation all fall during recessions, while bankruptcies and rising the unemployment rate. Recessions are generally thought to be caused by an overall drop in spending. Governments tend to respond to recession by expansionary macroeconomic policies, such as increasing the money supply, increasing public spending and lower taxes. A recession has many attributes that can occur simultaneously, and includes the reduction of the measures of the components of economic activity (GDP), such as consumption, investment, government spending, and the activity of net exports. These measures reflect a summary of the underlying factors, such as employment levels and skills, rates of household saving, business investment decisions, interest rates, demographics and government policies. which are the indicators to determine an economy? and what is happening in these phenomena Macroeconomic indicators are statistics that indicate the current state of the economy of a state as a particular area (industry, labor market, trade, etc.).. Government institutions and private sector companies are published regularly in a certain date. In fact, these statistics help Forex traders to monitor the pulse of the economy, so it's no surprise that almost everyone in the financial markets religiously follow them. Once published these indicators shows the volatility of the markets. The volatility is determined by the importance of an indicator. It is therefore important to understand which indicator is important and what it represents. Interest Rate Announcements Interest rates play the most important time to move the prices of currency exchange markets. As institutions that set interest rates, central banks are the most influential members. Interest rates on fixed investment flows. Because currencies represent the economy of a country, differences in interest rates affect the relative value of a currency relative to another. When central banks change interest rates cause the forex market movements and volatility experience. In the field of Forex transactions, the rigorous activity speculation central banks may increase the chances of success of the operators.

Gross Domestic Product (GDP) GDP is the broadest measure of a country's economy and represents the total value of the markets for all goods and services produced within a country for a year. Since the GDP figure is often considered an indicator after the fact, most traders focus on two reports that are issued in the months before the final figures of GDP: the advance and the preliminary report.Major revisions to these reports can cause high volatility. Consumer price index The Consumer Price Index (CPI) is probably the most important indicator of inflation. Represents changes in the level of retail prices for basic consumer basket. Inflation is directly linked to the purchasing power of a currency within its borders and affects its position in international markets. If the economy develops in normal conditions, the CPI can lead to an increase in key interest rates. This, in turn, causes an increase in the attractiveness of a currency. Employment Indicators Employment indicators reflect the overall health of an economy or a business cycle. To understand how an economy is important to know how many jobs being created or destroyed, how much labor is active and how many people are applying for new unemployment benefits. To measure inflation, it is also important to control how fast wages rise. Retail Sales The retail sales indicator is published monthly and is important for international currency traders because it shows the general power of consumer spending and the success of retailers. The report is particularly useful because it is an appropriate indicator of various patterns of consumer spending that is consistent with the seasonal variables. It can be used to predict the behavior of important indicators and to assess retrospectively the immediate direction of an economy. Balance of Payments The Balance of Payments is the proportion between the amount of payments received from abroad and the amount of payments made to the outside. In other words, it shows the total operations of international trade, trade balance, the balance between exports and imports and transfer payments. If payments exceed the payments received to other countries and international organizations, the balance of payments is positive.The surplus is a favorable factor for the growth of the national currency. Fiscal and Monetary Policy of the Governments The stability of the economy (eg., Total employment, controlling inflation and an equitable balance of payments) is one of the objectives that governments seek to achieve through the implementation of fiscal and monetary policies. Fiscal policy is tied to taxes and spending, and monetary policy to financial markets and the supply of credit, money and other financial assets.

 In the last two or three decades a wide range of guidelines and recommendations for most short-term economic indicators that have been prepared by international organizations working with national statistical institutes and other bodies responsible for collecting and disseminating . The main objective of the guidelines and recommendations is the development of best practices in the collection, compilation and presentation of indicators. The use of best practices also contributes to the indicators more comparable with a number of dimensions such as definitions, terms, classifications and recommendations.

4 What economic differences between developed and underdeveloped nations The difference in development between countries are due to multiple causes, not just the economic. These cases have both an internal and external sources. Not all states have the same degree of social organization, or similar production structures, or similar financial resources, nor comparable lifestyles. At present, two situations contrast sharply: the developed countries and the underdeveloped or developing countries. 80% of the population lives in this second group Developed world Developed countries have a high income per capita, ie a high average per capita income above $ 10,000 a year, a powerful and technologically advanced industry, a high standard of living, reflected in the development of infrastructure and the quantity and quality of health services, educational, cultural, and so on. In addition, much of the population maintains a high level of consumption. Developing world Developing countries have low per capita income, which normally does not reach $ 2,000 a year, a small or incipient industrial development, but that often depends on foreign investment and is based on labor and the high sweet energy, natural resources, mainly for export, a strong dependence on foreign technology, trade and credit, a reduced standard of living, with poor services and inaccessible to much of the population, poor infrastructure, a high rate illiteracy, population growth is very high, and low consumption. In addition, political instability, corruption and social inequality are common in these states. Introduction SUPPLY AND DEMAND They are virtually everywhere. From macroeconomics to personal finance, the law of supply and demand governs many situations in life. It is a concept so fundamental that it is more a matter of human behavior than justfinancial concepts. Supply and demand are key concepts in the study of economics, this issue will never Apas fashion because it is a reality that in a country and its economy is often governed by these factors. In this work the information you provide is extensive and unforgettablethat helps us better understand the content of this information.