Question

1. Use economic theory and precise economic language to explain why firms regularly have discount sales for their products?

2. Use economic theory and precise economic language to explain why an improvement in agricultural technology might be bad for farmers?

Answer 1

Ans:-1) Firms regularly offering discount on sale is a method to speedly attract customers in to the store .The firm say their customers to save money that time firm get customers attention .Discount not only help customers but the development of business/firms also.Discount is one of the method to develop a business.Discount interesting or attracting the old and new customers,that means their sales increase and profit increase because sales, not only the discounted items but all iteams demanded the customers.That result the business growth and improve the firms reputation also.Discount can help a firm to achieve their sales goal also.

Ans:-2)The improving of agricultural technology are sometimes badly affects the farmers .Modern mechines high prices and modern technologies of farming ,unaware of proper using of these technologies are badly affet the farmers.That result decrease of production ,decrease of production affect countries economy also.Maintanance cost of modern mechines are very high that is not affordable to the farmers.A countries agricultural growth and economy are closely related to each other.