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Q. Explain about Social-Democracy?
Social-Democracy:It's a reformist political strategy that aims to win certain improvements in social and economic conditions under capitalism, without challenging underlying precepts of wage labour and production for profit.
Socialism: An economic system in that most wealth is controlled or owned collectively (through other public institutions, state or non-profit organizations) and operation of markets is influenced or managed through regulation and planning.
what is a perfect competition and how does it differ from monopoly?
• Production Function . The factors of production have to be combined in a particular manner to produce a certain product. Think of baking a cake which involves mixing fixed propor
Comparison with Other Countries: The basic purpose of this type of comparison is that: (i) it helps us to know the potentials of growth that can be built up in an economy,
resonance effect
the conclusion
"Cross-Correlations of output(t) with" "x(t-1)" [3,] "output" "0.3" [4,] "consumption" "0.1
IMF-World Bank Harmony: Bretton Woods institutions work in tandem. World Bank BOP support is not available with a Fund Programme, while a Fund Programme cannot be finalised w
Q. Explain about Neoliberalism? Neoliberalism: A modern, harsher incarnation of capitalism that became dominant globally beginning in early 1980s, largely as a reaction to inte
The Money Multiplier is explained below: If you see carefully, the money multiplier is nothing but an inverse of a reserve ratio. Therefore, we can write MM = 1/rr, where rr is
Long-Run Versus Short-Run Cost Curves What happens to average costs when both the inputs are variable versus only having one input that is variable (short run)? The Inflexi
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