FARE 1300 Chapter Notes -Overnutrition, Marasmus, Basal Metabolic Rate
Document Summary
Pregnant women and lactating mothers are the next most vulnerable to undernutrition, possibly followed by elderly women. Undernutrition in individuals occurs in individuals on a case-by-case basis and if we can identify the characteristics of a family that predispose them to undernutrition, we may uncover important clues about appropriate policies for reducing its prevalence. The main causes of undernutrition can be traced to economic, demographic, agricultural and environmental variables. Alfred marshall is the father of modern economics. In real world situations, the number of consumers does not equal the number of producers. The market serves as a place where many consumers and many producers can interact in a process that sets an equilibrium price at the point where the aggregate supply curve intersects the aggregate demand curve. Aggregate supply curve = add up all the quantities for all producers. Aggregate demand curve = add up all the quantities demanded by individual consumers.