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ARGUMENTS FOR MONOPOLIES Although monopolies are usually hated mainly because their practice of consumer exploitation, there are some aspects of monopolies which are favourabl
TYPES OF BUDGETS 1. Deficit budget If the proposed expenditure is greater than the planned revenue from taxation and miscellaneous receipts, this is a budget defic
Free disk space can be kept track of using a free list or a bit map. Disk addresses require D bits. For a disk with B blocks, F of which are free, state the condition under which t
Explain how managerial economics is useful for decision making
effects and implication of taxation in relation to managerial economics
Concept of Central bank M.H. De Kock concept of central bank is superior to that of others as it is more inclusive. His long definition of central bank includes many of the imp
Income Elasticity of different consumer goods Commodities Coefficient of income elasticity Impact on expenditure Necessities
The Current Account This records all transactions involving the exchange of currently produced goods and services and is subdivided into i. Visibles: A record
LONG RUN EQUILIBRIUM FOR THE FIRM Since there is freedom of entry into the industry the surplus profits will attract new firms into the industry. As a result the supply of th
why firms under oligopoly market should follow price rigidity?
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