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Social cost: Social cost of production refers to the cost incurred by a society when its economic resources are used to produce a given commodity. The usage of a society’s res
What is the difference between economics and business? Economics is the study of how we, the people, engage ourselves in production, distribution and consumption of goods and
explain the following disadvantages of amalgamation. Complex nature
SUMMARY OF THEORY OF PRODUCTION
what is the effect on the market for dvd players if the price of dvd rises
the price of a laptop increases by 20% and there is a 40% drop in the quantity demanded
Reorder Point Techniques Systems based on reorder points assume that demand is uniform and predictable and that there is no true identifiable time of need. Hence, stock must a
Determinants of Social Demand for Education - Excellence Apart from the three considerations identified by Prof. Musgrave for public investments in education and discussed abo
Determinants of Private Demand for Education Rates of return on investment in education is only one of the factors determining the demand for private investment though it is
#question.what is probability and laws
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