Economic Space

ADMINISTRATION WITHIN A COMPANY   The management of a company or organization is extremely relevant when it comes to verifying whether it is succeeding or failing. To talk about management we must first understand some previous concepts, which are more basic but nonetheless important, such as the definition of organization. It is simply defined as a group of individuals who seek to fulfill a common goal. Organizations work because they have a structure, that is, each individual involved has a role and status to fulfill, generating rights and obligations.  But, what is the role that organizations play? Throughout history, the human being has tried to survive satisfying their needs. From the beginning, when indigenous tribes needed to get food for their people, they were also part of an organization, because they were prepared in such a way that they tried to be the most efficient in order to get the most food wherever a decision-making leader existed, Aim...

Economic space will publish an article every 7 days from Monday 14/08/17. Articles will also be made on suggested topics.

DEMAND RISES FOR THE NEW TESLA MODEL 3 For those who do not know, Tesla is a company that makes electric cars, located in Silicon Valley, California. They recently launched a new model, called "Model 3", priced at US $ 35,000. However, model 3 will not be delivered even to the one who bought it, so Tesla has received about 350,000 reservations. It is believed that mass production of the product has begun by the end of 2017. (Source: Harvard Business Review).  This news is related to the previous article, "OFFERING AND DEMAND", in which the demand exists thanks to the needs of the people, creating companies that offer products, to satisfy those needs. We can ask many questions about this article, related to the issue of supply and demand. For example, why was the price set at $ 35,000? The price of a product is a very important role and is decided by analyzing various factors, such as the price of inputs for manufacturing, labor, state, etc. Other relevant ...

OFFER AND DEMAND   Both supply and demand are highly relevant, used and analyzed concepts in all parts of the world, either by companies that want to sell their products or services, or by individuals seeking to meet certain needs. That is why it is interesting to learn about this topic, since it involves everyone on the planet. DEMAND is the amount of a good that an individual needs to meet their needs at a certain price and it is important to clarify that only the buyers use this concept. The price of a good or service plays an important role within the demand of the individual since if no other factor changes and the price rises, it will tend to decrease its demand on it. If the price decreases will tend to happen the opposite. For example, if the price of pears rises and there are no changes such as the price of other related foods (apples, oranges, bananas, etc.) or consumer income, they will tend to demand fe...