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factors that affect the volume of production in economy
What is capital accumulation? Capital accumulation simply implies an increase into a country is stock or amount of capital over time. It requires net investment, which is inve
How is Harrod-Domar model used in planning? The Harrod-Domar model is helpful to government for setting target rates for saving required to deliver a specified rate of economi
what factors deter the sale of a product
Question 1: By using appropriate models critically analyse the following statement: "Money demand for speculative as well as transactional motive is inver
Define three methods than could be utilized to exercise quality control and describe the advantages and disadvantages of all. Methods comprise: • Self-checking: Rapid, ch
1. Imagine that two countries, Richland and Poorland can produce just two goods, computers and coal. Assume that for a given amount of land and capital, the output of these two pro
What are the major area of decision making ? How does economic theory contribute to managerial decision ?
What is development process? Development process: Development is measured through outcomes that are development occurs while key indicators of human well-being enhance. Th
Assume that national income is initially at its equilibrium level when desired investment falls. We would expect an enhance in national income by an amount equal to the decreasing
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