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Features of this system The mixed economy includes elements of both market and planned economies. The government operates and controls the public sector, which typically cons
Real Vs Nominal GNP: "Deflating" by a price Index One of the problems that confront economists when measuring GNP is that they have to use money as the measuring rod. Thes
Q. Show the method of production? A process or method of production is a combination of inputs essential for the production of output. A method of production is technically eff
Special Drawing Rights (SDR) These are international reserve currencies created by the International Monetary Fund (IMF) to overcome the problems of using gold and national c
Pragmatic Managerial economics Managerial economics is pragmatic. In pure micro-economic theory, analysis is performed, based on certain exceptions, which are far from reality
applicatiopn of qt in managerial decision making
1.Is Indian companies running a risk by not giving attention to cost cutting?
Limits on the process of bank deposit creation On the demand side , there may be a lack of demand for loans, or at least of borrowers who are sufficiently credit worthy .
examples
A firm in a perfectly competitive market invents a new situation of production that lowers its marginal costs. What happens to its output? What happens to the price it charges?
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