Please give me microeconomic variables that i can use for the profile of my survey.?
I just need the basics such as:
Family Income.
Kindly help me. I need it for my thesis.
Answer:
Information could be one. It's not a monetary variable, but different things change (such as law part of economics, what people will purchase without the right knowledge) because of asymmetrical information.
Good questions for this would be: How knowledgeable does one feel about a certain product, etc. Does it affect whether they buy certain products? (This could go to the supply side as well, whereas you would ask "is this company doing it's best to inform the customer about their product? Is it working?)
Technology. This could mean that the technology curve is shifted out due to increases in technology, lowering trasaction costs and increasing sales/speed.
(Again, supply side is using the technology. Demand side is utilizing that technology (e.g. computers) and becoming more informed. Questions such as: How many people that use this product have the internet? How does this affect the ease of transaction/lowering of transaction costs?)
Finally, the last of would probably be in the legal sense. A BIG economic variable, shown time and time again in court cases and law journals. Questions that deal with this economic variable could be : How does a sanction affect output? How does legal remedies provide incentives for law abiding citizens. Law is important, and it usually addressed in later economics teachings (especiallyfor law school...).
Hope I could help! I'll try and come back and edit this as they come to me if these don't help.
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Family Income.
Kindly help me. I need it for my thesis.
Answer:
Information could be one. It's not a monetary variable, but different things change (such as law part of economics, what people will purchase without the right knowledge) because of asymmetrical information.
Good questions for this would be: How knowledgeable does one feel about a certain product, etc. Does it affect whether they buy certain products? (This could go to the supply side as well, whereas you would ask "is this company doing it's best to inform the customer about their product? Is it working?)
Technology. This could mean that the technology curve is shifted out due to increases in technology, lowering trasaction costs and increasing sales/speed.
(Again, supply side is using the technology. Demand side is utilizing that technology (e.g. computers) and becoming more informed. Questions such as: How many people that use this product have the internet? How does this affect the ease of transaction/lowering of transaction costs?)
Finally, the last of would probably be in the legal sense. A BIG economic variable, shown time and time again in court cases and law journals. Questions that deal with this economic variable could be : How does a sanction affect output? How does legal remedies provide incentives for law abiding citizens. Law is important, and it usually addressed in later economics teachings (especiallyfor law school...).
Hope I could help! I'll try and come back and edit this as they come to me if these don't help.
More Questions and Answers: