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Why might economic growth not be compatible with sustainable development?
Define economic growth; enhance in national income during a time period. Explain sustainable development; development that meets the needs of the present without compromising the ability of future generations to meet their own requirements. The issue of sustainability needs elucidation, as there is no generally accepted or universal translation of this excerpt from the 1987 Brundtland Report. The possible trade-off among growth and sustainable development deals with resource use, environmental degradation, carrying capacities of our world and the ability of human ingenuity in increasing efficiency/productivity in order to utilise scarcer resources ever better.
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Marginal Revenue, Marginal Cost & Profit Maximization * Determining profit maximizing level of output - Profit (π ) = Total Revenue - Total Cost - Total Revenue (R) = Pq
what is discounting principle?
Discuss the concept of dynamic multiplier
What is meant by minimum wage? The minimum wage is the minimum rate a worker can legally be paid (usually per hour) as opposed to wages that are examined by the forces of sup
In this assignment you will apply consumer choice theory and marginal analysis to business problems. Consider each of the following products and services: a pair of tickets to a s
Zac consumes only pizza and chianti. He consumes these goods in fixed proportions: 2 slices of pizza for one glass of chianti. His income is $100 per week. a. Derive demand func
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What are the factors that producers in the society may take into consideration when deciding on the what to produce,how to produce and for whom ?
Shifting the PPF Curve To raise the manufacturing of one good without reducing the production of the other, the PPF curve should shift outward. The PPF curve shifts outward as
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