Answer to Question #65512 in Economics for Sergio vela

Question

Provide an original example of a series of schemes of recurrence sustaining an economic enterprise. Identify some of the invisible acts of meaning that maintain the schemes. Diagnose some of the threats to the schemes and so to the survival of the enterprise?

Can anyone help me with this question? Or lead me in the right direction, I am so so lost!!!

Answer 1

Schemes of Recurrence are conjoined dynamic activities where, in simplest form, each element generates the next action, which in turn generates the next, until the last dynamic regenerates the first one again, locking the whole scheme into long term stable equilibrium.
For example, if the firm changes the price, quantity or quality of its goods, it will cause some changes in quantity demanded, costs of production, profit received and other results.