Micro And Macro Economic Methods Measure To

Author : Johnny Ch Lok
Publisher :
ISBN 13 :
Total Pages : 162 pages
Book Rating : 4.6/5 (95 download)

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Download or read book New Economic Measurement Method written by Johnny Ch Lok and published by . This book was released on 2020-10-08 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: Micro or macro economic method consumer desire measurementThe role of economy can measure consumer behavior, it can be used to analyze and gather social data, e.g. how many different brands of product are selling in the country, how many youth people, working people, old peole age groups are living in the country, how many the kind of product number is sold in the yar, how many average shopping times to the kind product to the country overall consumers number in the year, how long useful time to be replaced another new product, the counry's consumers they use the kind of product. Consequently, economist can conclude the effect of the kind of product sale number, different age of consumers' purchase times and useful time etc. different market data in order to predict whether the kind of product ought be manufactured how many number which is the most suitable number as well as whether the reasonable price level is to achieve the most highest sale income to the country's the kind of brand product next year.In general, consumer behavioral research economists have improved the research task of analysing and predicting econmic change how it can influence consumer behavior. A great deal of econometic work has been devoted to building and testing models, that is systems of relationships designed to how the interdependent variation of a set of variable, and with estimating the constants in these consumer behavioral influence models.Moreover, a system of equations in which the values of some variables appear for consecutive time periods can be used for any countries' consumer behavioral changing prediction purposes, but the predictions which can be dervied express the way in which the system would vary through time if it were allowed to run undistributed. Ths aspect ot the research consumer behavioral changing matter is now recognized and specifies the assumed properties, since they have importance bearing not only in prediction, but also on the estimation, e.g. how and why and when the country's consumer purchase habit will sudden change. Hence, the consumer behavioral research economists' role is to provide the country's market information about the systematic factors at work, so that the variable element of guess-work is reduced as far as possible.All practical economists who are not econometricians will readily assent to this statement as it relates to identities or definitions. No one in his senses will be content with predictions: what the most minimum of income level influences consumer individual shopping desire reduces, what the most minimum of savings level influences general consumers' shopping desires reduce etc. which do not satisfy the usual accounting identifies.Economics is the science which indicates human ( consumer) role is as a relationship between ( achieving sale effect ) and consumers feel scarce to buy the product ( psychological response), because general consumers feel scarce or shortage supplying to the product in themselves coutry market. They will choose to attempt to visit any shops to buy the product immediately. So, scarce or shortage supplying factor may be one important factor to influence general consumers expect to buy the kind of product immediately if they feel the brand of product is shortage to sell to them in any shops in the country. It may be more important to compare cheaper price factor, inflation factor, the shop's geographical location far away to the consumer individual home factor, savings or investment etc. different factors to influence the country's consumers purchase desires to be raise up or fallen down.