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Banks: A company which accepts deposits and issues new loans. It makes profit by charging more interest for loans than it pays on deposits, and through several service charges. By issuing new loans (or credit) banks create new money that is necessary to promoting economic growth and job creation.
What is the difference between indifference curve and isoquants? An indifference curve shows dissimilar combinations which a consumer can buy with a given level of income. Ind
Explain the monopolistic competition model of equilibrium with price competition under chamberlin s model
argument against in favour of traditonel theory profit maximisation
in the keynesian model, the price is assumed to be what?
how can draw the table and diagram of production function function with one veriable
What are the basic questions to be answered by economic institution? Four fundamental questions should be answered by any economic institution as: a. What goods and services
Prove that the utility approach and the indifference curve approach yield the same consumer equilibrium.
explain the concept of producers'' equilibrium
marginal conditions of pareto efficeincy
When is the economic theory useless? One misunderstanding is to under-estimate the role of an economic theory. Several people thought an economic theory useless since they thin
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