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Eva Sendrino

Former Economist, currently in the world of blockchain and cryptocurrency!

Total answers8 questions answered
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Total resourcesUnder 3 resources

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Asked by Jann

Economics πŸ“ˆ
What is the difference between legal monopoly and perfect competition?
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Eva Sendrino

Former Economist, currently in the world of blockchain and cryptocurrency!

A legal Monopoly is usually a firm that owns a certain percentage of the market share. It's estimated to be around 33%. Perfect competition is whe...Learn more

Asked by Rania

Economics πŸ“ˆ
What are the benefits and drawbacks of measuring inflation using index numbers such as CPI/RPI?
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Eva Sendrino

Former Economist, currently in the world of blockchain and cryptocurrency!

It's issue usually hinges on accuracy. Here's a few reasons, specifically around CPI: Few households are average – the published figure for inflati...Learn more

Asked by Tara

Business πŸ‘”
What is Boston Matrix and how does it work?
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Eva Sendrino

Former Economist, currently in the world of blockchain and cryptocurrency!

It is a model which helps businesses analyse their portfolio of businesses and brands. The four categories can be described as follows: Stars are ...Learn more

Asked by Jann

Economics πŸ“ˆ
Why does the Government target a specific rate of inflation?
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Eva Sendrino

Former Economist, currently in the world of blockchain and cryptocurrency!

The government targets a specific rate of inflation because high inflation can hinder the ability to meet the other macroeconomic objectives. Stable...Learn more

Asked by Shantel

Economics πŸ“ˆ
What is the difference between fiscal policy and monetary policy?
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Eva Sendrino

Former Economist, currently in the world of blockchain and cryptocurrency!

Monetary policy uses interest rates and the money supply to influence the economy. Fiscal policy uses government spending and taxation to influenc...Learn more

Asked by Adel

Economics πŸ“ˆ
What are the economic benefits of monopoly power?
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Eva Sendrino

Former Economist, currently in the world of blockchain and cryptocurrency!

1. They have more money to innovate 2. They ensure stability. 3. Some monopolies can still be competitive (eg Google and Apple).

Asked by Adel

Economics πŸ“ˆ
What is the difference between a substitute and a compliment good or service?
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Eva Sendrino

Former Economist, currently in the world of blockchain and cryptocurrency!

A substitute good is when the demand of good X rises as the price of good Y rises. Think of coke and pepsi. A compliment good is when the demand o...Learn more

Asked by Adel

Economics πŸ“ˆ
What is the difference between the short run and the long run in economics?
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Eva Sendrino

Former Economist, currently in the world of blockchain and cryptocurrency!

The long run is when at least one of the factors of production is variable. In the short run all factors are fixed πŸ˜€