Cross Price elasticity,

Economics, #question.what is meant by ppc?illustrate the central problems o...

#question.what is meant by ppc?illustrate the central problems of aneconomy with this curve.

International monetary fund, International Monetary Fund: The Internat...

International Monetary Fund: The International Monetary Fund (IMF), the World Bank and the International Trade Organisation were conceived at the Brettonwoods Conference in Ju

Partial input elasticity of output, Partial Input Elasticity of Output:   ...

Partial Input Elasticity of Output:   This is a short-run concept which deals with the variability of only one factor keeping the others constant. There are three kinds of retu

What is fait money, Fiat money is what is regular in modern economic system...

Fiat money is what is regular in modern economic systems.  Fiat money is money that is described as legal tender by either a government or some organization with the authority to e

Theory of inter-temporal consumption, THEORY OF INTER-TEMPORAL CONSUMPTION:...

THEORY OF INTER-TEMPORAL CONSUMPTION: In the previous two units, we have been concerned with choices among contemporaneous commodities. An important class of choices made by c

Lonief production function, f(x1 x2,x3,x4) =min(x1/4x22/3,x3+2x4)

f(x1 x2,x3,x4) =min(x1/4x22/3,x3+2x4)

Econometric equation, This research will follow the methodology of economet...

This research will follow the methodology of econometrics; Chao, 2005; Castle & Shephard, 2009): 1. Specification of the model using a specific stochastic equation, together wit

Factors affecting demand forecasting - price, Price: The price factor is ...

Price: The price factor is another important variable to be included in demand analysis. Here one has to consider the prices of the product and also its substitute and complement

Money, what is money? functions

what is money? functions