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Are markets the best way of solving the basic economic problem? Justify your answer.
The core of the economic problem ( who, what, for whom) is something all societies must address. Planned economies solve it by central price and output setting, while market economies solve it by the price mechanism. Both systems have their basic flaws.
Another issue is that of market failure, and how society addresses this
I would tend to think that a 5% per year goal is more reasonable. Smaller incremental goals always appear to be more attainable, while more radical goals may actually be more diffi
1. Ayanna grows herbs. Last year she grew 2,000 pounds of herbs in a year while using 250 square feet of land and 1 worker. This year she doubled her land to 500 square feet, doubl
Topic: Please choose a case study in water related area and analyse it from at least two angles (or more) by examining the technical side as well as the economical, social and poli
characteristics and models of oligopoly by Sweezy,cournot and edgework
uses of time series in indian economy
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Proportion of Workers in Organised and Unorganised Workers: Increasing share of employment in unorganised sector reflect the deterioration in the quality of employment because
Economic profit and Economic loss: Economic profit is the excess if total revenue over total cost when the latter includes both explicit and implicit costs. It is the type o
explain the fundamental task of economic system usin tomatoes as an example
Discretionary Fiscal Policy: Some government taxing and spending programs can be adjusted by government in response to changing economic circumstances. These discretionary measures
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