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Explain about the circular-flow of economic activities.
Circular-Flow of Economic Activities:
Economic Agents:
a. Households
b. Firms
Where they interact:
a. Markets for goods and services
b. Markets for factors of production
PRODUCTION POSSIBILITY CURVE As we have seen, the essence of economic analysis is the problem of scarcity and choice. We know that limited productive resources compel individua
briefly explain with keynesian consumption?
A firm with two factories, one in Michigan and one in Texas, has decided that it should produce a total of 500 units to maximize profit. The firm is currently producing 200 units i
calculation of fiscal deficit
process to calculate gross domestic product We just include finished goods and services - which is, anything that is sold directly to consumer. Electric power sold to a steel m
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What isn''t a component of the M1 money supply?
what are the advantages and disadvantages of a national income and green GDP? national income figures are often used to compare living standards across countries and through time.
Using production possibility frontiers, and indifference curves for Argentina and Brazil, illustrate and explain the movement of both countries to the free-trade equilibrium patter
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