commodity price regulation model economics
DESCRIPTION
Commodity price regulation model is depicted in the form of a flow control of economic entities ...TRANSCRIPT
PRICE REGULATION MODEL - GENERAL ECONOMICS
MARKET PRICE
DEMAND
SUPPLY
ECONOMIC INDICATORS
NATIONAL Host Country
INTERNATIONAL
FACTORS OF PRODUCTION
MARKET STRUCTURE ( CATEGORY )
BUSINESS LAW
[Technology, Culture, Ethics,
Legal]
Operate Acc to
Determine
Regulate
FINANCIAL & BANKING (SYSTEM / REGULATIONS & POLICIES)
De
pen
den
t
De
pen
de
nt
De
pe
nd
ent
Drives
Control
GOVERNMENT (SYSTEM)
1 2 3 ... ...
N
Access
Access INTERNATIONAL
NATIONAL Host Country
Produce
Determine Spe
cifi
es
Control Control
De
pe
nd
en
t
Influence
De
pe
nd
en
t
Measure & Monitor
Dependent
FACTOR D.SOURCE LAND - RENT LABOR - WAGE CAPITAL - INTEREST ENTREPRENEUR - PROFIT
PRODUCTS & SERVICES
FACTOR PRICE
PRODUCTS & SERVICES
TAXES & SUBSIDIES
ECONOMIES OF SCALE & SCOPE
General, Business,
Other
6/30/2014 1
TIM
E
# BLOCK TITLE BLOCK COMPONENTS / DESCRIPTION BLOCK RELATION EFFECT
BLOCK #
1 GOVERNMENT Ruling party type Access Specifies
5, 2 8
2 FINANCIAL & BANKING SYSTEM REGULATIONS / POLICIES Central (RBI) and Commercial banks Dependent 3
3 MARKET STRUCTURE (CATEGORY) Type of current market operation --- ---
4 BUSINESS LAW Technological, Cultural, Ethical, Legal Control, Determine 9, 2
5 FACTORS OF PRODUCTIONA Land, Labor, Capital, Entrepreneur Produce, Operate acc to, Drives
12, 4, 2
6 MARKET PRICE --- Dependent 5, 2
7 FACTOR PRICE --- Dependent 5
8 TAXES & SUBSIDIES --- Control 6, 7
9 DEMAND & SUPPLY --- Regulate 6
10 ECONOMIC INDICATORS General, Business, Other. Measure & Monitor 9
11 ECONOMIES OF SCALE & SCOPE Real and Pecuniary, … Dependence 5
12 PRODUCTS & SERVICES --- Determine 6, 7
13 INTERNATIONAL & NATIONAL (Host Country) LAW --- Dependent, Influence
3, 4
TABULAR FORM REPRESENTATION FOR PRICE REGULATION MODEL – GENERAL ECONOMICS
A : FACTORS OF PRODUCTION refers to both the TRADITIONAL & MODERN ways, i.e It includes Man, Material & Machinery , Money, Management in the Modern while
Land, Labor, Capital & Entrepreneur in the Traditional ways.