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Capital: Broadly defined, capital represents tools that people use when they work, to make their work more efficient andproductive. Under capitalism, capital can also refer to a sum of money which is invested in a business in hopes of generating profit.
What two developments are demanding new ways of looking at the economic world in the 21st century? What kinds of sustainability questions do they raise? Two developments that
You estimate that the price elasticity of demand for one-acre plots in Lusaka is -1.5 and that income elasticity of demand is 5. Land owners intend to increase the price of a one-a
a) Microeconomics is concerned with decision-making within the firm, household or on the individual level, but macroeconomics is concerned with the behavior of the whole economic s
Explain the importance of well-established property rights in the method of development. Definition of property rights should not begin and end with owning land and buildings b
the price of a laptop increases by 20% and there is a 40% drop in the quantity demanded
prove that the utility approach and the indifference curve approach yield the same consumer equilibrium
The raspberry growing industry is a perfectly competitive industry. The firms in the industry have a U-shaped LAC, minimum average cost is $8 and the minimum efficient scale is 4 u
what is fixed and variable inputs with more explanation
find the highest premium find the actuarialy fair premium
contemporary issues in microeconomics in nigeria
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