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Briefly discuss the components of macroeconomics system with suitable explanation
How are the limitations of the economics theory affected? Limitation of Economic Theory: While examining the generality of an economic theory, one must realize any assump
THEORY OF DEMAND: The consumer behaviour under indifferencecurve approach where it is assumed that the consumer possesses a utilityfunction. The next most important theory th
MRP Technique- Sectoral Distribution of Targeted Increase in GDP There are two ways of increasing the GDP: (i) Project and accomplish the growth in various sectors through
An economy has only one member Robinson Crusoe. Robinson allocates his time between fishing and collecting fruits. One hour spent finishing yields 4 fish. One hour spent collecting
what is discounting principle?
How has the Harberler''s theory of opportunity cost an improvment over the classical theory of trade?
Commodities that are viewed as luxuries typically have price elastic demand, and commodities that are requirements have price inelastic demand. There is easily no substitute for a
if coast of good A fall by Rs.1 & coast of good B increases by 1 Rs. what will be the effect on budget line
Visit to a village panchayat for agriculture based project
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