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concepts of suply
Value Added:Value added in a particular stage of production equals value of total output, less the value of intermediate products (comprising raw materials, capital equipment and o
what is the south africas governments standpoint on international trade
What are the "three basic economic questions" that economists often address when examining how much economic output is formed? The three basic questions are: a) what is prod
Explain the axioms of completeness, transitivity and non-satiation using appropriate examples.
ways of imroving productivite
4) The prevention of major swings in economic activity can be handled most easily by the A. household sector B. business sector C. financial sector
unique products in monopoly
What two important functions are performed by the price system? (1) The price system is an automatic method for distributing goods and services. (2) The price system defines t
Economic Ef ficiency The effort to making products and services in the least costly way without sacrificing excellence.
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