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Problem : (a) Using examples of Least Developed Countries, explain the: (i) causes of market failures; and (ii) consequences of market failures (b) Describe the common
Q. Explain about Demand - Constrained? Demand-Constrained: An economy is demand-constrained when level of output and employment is limited by the amount of overall demand (or s
Why and how are economists attempting to create more accurate measurements of development? The why part is simply because of the complexities built-in to the concept of develop
Explain welfare grants and subsidies
Using tools of indifference curve, highlight on consumption in business economics.
In the diagrams related to bandwagon effect, why do we say when the price is 30$ the demand is 40?
what is the example of this law
What is the difference between a change in demand and a change the quantity demanded? There is a distinction among demand and quantity demanded. Demand explains the behavior o
explain 6 factors that determine volume of production
#question.what is elasticity of demand? .
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