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What is market failure?
1)The productive capability of an economy is such that to produce 5 units of military good it takes 2 workers to be employed while 10 units of consumer goods require 3 workers. Res
Development Banks Banks that function as coordinating and intermediary industries to raise capital attract investment, and giving technical assistance for the economic develop
fig2.3 elaplanition of sales maximisation
supply and demand
What are the important functions to maximize total surplus? The market equilibrium maximizes total surplus since the market performs four significant functions are as follows:
why does gap between the ATC curve and the AVC curve decreases as the level of output increases
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what are he uses of a balance of payement
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