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Capital formation: Growth Economists believe that accumulation of capital is one main source of growth of an economy. Emphasis is given to the accumulation of more capital pe

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Production for profit, Under capitalism, most production is undertaken by p...

Under capitalism, most production is undertaken by private companies (of various forms), with the goal of generating a profit to the company's owners. Profit is obtained when compa

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How to use Demand and Supply tools to analyze the case of the Egyptian labor market?

Cross Price elasticity,

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Example of standard indifference curve analysis, Carmen, the Queen of Elect...

Carmen, the Queen of Electra, is concerned over what she believes is an excessive consumption of electricity.  Consequently, she proposes an excise tax on electricity consumption w

Perfect competition in neoclassical economics, Q. Perfect Competition in ne...

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Supply., an introduction

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