Essay Example on Market demand is known as the total of the demand individually

Corporation is known as a legal entity which is separate and different from its owners Corporations get to enjoy almost all most of the responsibilities as well as rights which an individual has Some include the right to enter into contracts borrow money be sued or sue someone take out a loan or borrow money be able to own assets and pay taxes while also hiring employees There are many corporations in the world today which are doing very well including Coca Cola Company Adidas McDonald s as well as Nike which are known world wide and make a lot of business McDonald s is one very well known corporation which is known for hiring many employees as well as even has been sued a couple times as well which has been featured in the media Exchange rate is known as the price of a nation s currency in terms with another currency Such as the exchange rate between Canada and The U S A exchange rate is known to have two components known as the foreign currency as well as domestic currency which can be quoted indirectly or even directly Recently the exchange rate has been so bad from Canadian dollar to The United States dollar It s making it so hard to buy something cheap from the states like milk because it ends up becoming around the same price and you are not saving anything It s also causing such a bad impact on the economy with the moving exchange rate 

Resources is known as an economic or even productive factor which is needed to finish an activity or to undertake an enterprise to reach the outcome which is desired There are three basic resources which are known as land labor and last but not least capital while there are other resources as well which can include management expertise entrepreneurship time and more Resources are a big part of economics The basic three resources land labour and capital are very important because they help to make things They act as inputs to make other things and provide services Some examples of resources can include such as coal water and even oil Quota is known as the government imposed trade restriction which sets the limit for the number or even the monetary value of the goods which can be exported and or imported during a specific period of time They are also utilized in the trade internationally which aids in regulating the volume of trade between country to country In many countries they put a production quota on certain goods such as wood or maple syrup in order to keep as well as maintain the prices within the known world market This way it keeps everything maintained and balanced