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how a capitalist system solves the three fundamental economic problems
Mixed Economy: This type of economic system combines the features of both the capitalist and socialist economic systems. The private sector is allowed to function on the principles
Suppose scientists discover that eating soybeans prevents cancer and heart disease
Sir i am the student of MSC Economcis frin Dustabce University (AIOU)from Islamabad (Pakistan)my name is Mohammed Bilal Farooq and required the answer of the following questions Q
what is the theory of second best ? prove the theorem with the help of a diagram ?
Q. Describe Classical Economics? Classical Economics:Tradition of economics which began with Adam Smith and continued with other theorists including Thomas Malthus, David Ricar
why we study micro econmics?
explain nature of microeconomic
draw the total revenue curve and the total cost curve showing the profit maximizing level
Profit: This is surplus left over after a company sells its output and pays off cost of production (which includes raw materials, labour costs and a proportional share of its capit
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