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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 must be produced and in what quantity?
b. How must the product be produced?
c. For whom must this be produced and how must this be distributed?
d. Who makes the decisions?
Problem 1: (a) Critically examine the differences between the Neo-classical growth models and the endogenous growth theory. (b) Show the relevance of such models in explain
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Q. What do you meant by Enclosures? Enclosures: A historic process in Britain and other European countries, in very early years of capitalism, in that lands formerly held and u
What is the benefit (main work) of economics in our life? Economics plays a very important role in development of a country. A country's economy shows the stability of that co
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