EXPERT ECONOMIC ANALYSIS.
Systematic and well-designed way of determining the maximum use of a scarce resource is what can be called economic analysis, this will have to involve comparing two or more alternative in order to achieve a certain objective obviously under some given constrains and assumptions. Since in business it’s mostly about knowing how much one is gaining or losing economic analysis accounts for the opportunity cost incurred in acquiring a given scare resource and tries to measure it in monetary terms.
So as not to lose much after acquiring a certain resource there are some factors that one has to consider in order to make sure that the decision that he will take will resonate to the cash he will invest. Almost everywhere in the current world, politics determine much on how well the economic environment is, therefore before investing it is good to ensure that the country … Read the restContinue reading »