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Available resources with the desired goals:
To match the available resources with the desired goals: The complementary nature of some investment decisions make for planning. The viability of one project may be conditioned upon another project. For example, the development of the agriculture sector may the require setting up of irrigation projects and a special transport facility for carrying fresh vegetables, fish etc between the farms and the market places. In this wise, planning may be used to coordinate these activities.
What are the basic economic institutions? There are two fundamental economic institutions which have been so far used into the real world are as: a. Market economic institut
Assuming the Heckscher-Ohlin model is true. Suppose the Cuba and Russia sign a free trade agreement. Furthermore, assume the Cuba and Russia only produce cigars and vodka. Russia h
Explain why each of the following factors may influence the own price elasticity of demand for a commodity. The narrowness of the definition of the commodity
Measures to control inflation: Fiscal policy is one of the two main macroeconomic policies used to control aggregate demand and thereby achieve economic stability. Fiscal meas
Inflation is defined as
Micro Economics 1. Discuss the short-run cost-output relations. 2. Write a short note on pure competition. 3. Describe excess profit criterion. 4. Discuss the vario
how can draw the table and diagram of production function function with one veriable
what is ment by demand
Economic Growth: Economic Growth refers to an increase in real aggregate output (real GDP) reflected in increased real per capita income. A country is said to experience econo
Risk Neutral - A person is a risk neutral if they show no preference between certain, and an uncertain income with the same expected value.
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