Importance of Margins in Economics?

Answer Economists use marginal thinking, also called incremental thinking or thinking at the margin, to compare the costs and benefits of a choice. Marginal thinking involves examining the additional cost... Read More »

Top Q&A For: Importance of Margins in Economics

Importance of Capital in Economics?

Capital is very important in economics. It consists of money -- financial capital -- as well as labor and resources. Capital acts as the spark that starts a business or large purchase, such as a ho... Read More »

Economics Importance of Marine Biomes?

Estuaries, coral reefs and oceans cover roughly 75 percent of the Earth. Anyone who has ever strolled along a sandy beach or snorkeled among the magnificent species of a coral reef understands the ... Read More »

Importance of Economics in Daily Life?

From the bills you pay to the home you buy, economics is all around you. When you do not have a basic understanding of economic concepts, you are subject to financial pitfalls, filing for bankruptc... Read More »

Safety factors and recognised standards of equipment and materials for children Importance of using equipment that is appropriate for the age needs and abilities of the child The importance of foll?

International standards are developed by the working groups of Technical Committee-88 (TC-88) of the International Electrotechnical Commission (IEC), the recognized international body for standard... Read More »