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A. What are the major differences between capitalism, communism, and socialism? B. Discuss the three major economic indicators and how they are indicative of our current economi
Private sector in the circular flow The private sector total income is known as the national income. Because private sector receives the entire return from the factors of pr
Suppose the price elasticity of demand for used cars is estimated to be 3 what does this mean?
What is Treasury bills In most countries you will find many types of government bonds. An important distinction is the duration of the bond, that is, the difference between the
I would like to know if you guys take up online tests?
what is gdp
Define the tools of Competitive market. Competitive market: The supply and demand model a. The demand curve b. The supply curve c. Factors which cause the demand cu
Privatization is the move of ownership from the public sector (government) to the private sector (business).
Explain the Economic functions of money - A unit of account In a monetary economy, all prices may be expressed in monetary units which everyone may relate to. Without money,
How do the five competitive forces in Porter's model affect the profitability of the overall industry? For example, in what way might weak forces increase industry profits, and in
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