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explain land as a part of the four factors of production
Economic Development The word development is from the Latin root ‘Voloper’ which meant wrap up, envelop. The English used this word along with ‘des’ meaning ‘undo’. The word
Characteristics of prisoners dilemma
according to Tobin 1993,examples of Keynesian unemployment includes situation where
law of diminishing marginal returns does not hold then output of the world can be produced in a flower pot. Explain?
Uses of national income statistics: - It helps to organize economic data and activities. - It helps to classify economic activities into various segments or sectors. - It he
A 5-years Rs.100 debenture of a firm can be sold for a net price of Rs. 96.50. The coupon rate of interest is 14 per cent per annum, and the debenture will be redeemed at 5 per cen
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
disadvantages of monopsony
Consider the following insurance market. There are two states of the world, B and G, and two types of consumers, H and L, who have probabilities pH =0.5 and pL =0.25 (high and low
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