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Costs: If raw materials, machines and other things required for production could be made available freely then the study of the theory of the production and indeed, the study of
what is iso curve
Discuss the impact of rational self-interest on each of the following decisions
I want to know all about equilibruim consumer equilibruim firms equilibruim nd market equilibruim technically also??
Composition of Trade: It is indicative of the structure and level of development of an economy. For instance, most of the UDCs depend for their export earnings on a few primar
How can we calculate the Inflation rate Inflation: The rise in general prices and the decrease in value of money. Inflation is a sustained increase in the general price level
why is choice inevitable in the understanding of economics science?
Factors of Production : The factors of production are the resources that are essential for production. They are usually separated into 4 dissimilar groups: Land - all natu
What the definition of microeconomic
Socialist Economy: The material means of production are owned by the whole community represented by State under socialist form of economy. All members have equal right in the benef
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