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Advantages of the Mixed Economy
Necessary services are provided in a true market economy, services which were not able to make profit would not be provided.
Incentive: Since there is a private sector where individuals can make a lot of money, incentives still exist in the mixed economy.
Competition: Prices of goods and services in the private sector are kept down through competition taking place.
Using Total Expenditure for Calculating National Income The expenditure approach centres on the components of final demand which generate production. It thus measures GDP
Price rise in future must not be expected - law of demand If the buyers of a commodity expect that its price will increase in future they raise its demand in response to an in
Question 1: Explain the central theme of Scientific Management. Do you think that the scientific management enhances productivity in the organization? Give your arguments.
a) The following would most likely shift a production possibilities curve to the right? b) Money should not be considered an economic resource ? c) Which of the following is
summary of principle of time perspective?
Question 1: a. What are the different channels of monetary policy? b. Discuss why the channels of monetary policy are likely to change in the wake of financial liberaliz
You have opened your own word processing service. You have already bought a special computer needed for word processing and paid $5,000 for it. However, due to the cost changes in
Ask questiHow does economic theory contribute to managerial decisions? on #Minimum 100 words accepted#
The use of arc elasticity in economic analysis involves a good deal of chariness since it is capable of being misinterpreted. Arc elasticity coefficients vary between the same two
What will be the table of total cost function?
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