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Demand Curve The demand curve is a graph which presents the amount of a good that consumers are willing and able to buy at various prices. A normal demand curve is downward slo
ADVANTAGES AND DIS ADVANTAGES OF MONOPSONY
Why is it so difficult for government to achieve all macro objectives simultaneously? Specifically showing possible trade-offs i.e. a) Stimulatory policies which enhance AD
Policies for Technological Advance Without better technology, increases in capital stock generated by investment rapidly run into diminishing returns. And without improvements
explain how scarcity impacts choice 2.expain the three steps process in economic analysis
Absolute advantage is the simplest yardstick of economic performance and it may be simply describe as If one person or a firm or a country may produce more of something with the sa
Explain what the natural rate of unemployment is. It is necessary here to include a solid explanation based on economic concepts. The natural rate of unemployment is the rate o
Division of Labor The occupation or breaking down of jobs into simple and repetitive responsibilities.
WHAT ARE ROLE AND ASUMPTIONS OF ECONOMIC THEORIES
explain the main criteria for classifying firms into industries.which criteria serve the better and why?
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