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Explain the mixed economy system.
Mixed economy: Several resources are owned through the public sector (government) and several resources are owned through the private sector or households. The public sector usually supplies public, merit goods, quasi-public and intervenes into markets to exact perceived market failure.
(a) Explain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether consumers regard the comm
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In long-term project planning, this is wise to suppose that staff will be accessible for project work for less than 100 per cent of the total accessible time. What factors will dec
What are the predictions of dependency theory? The predictions of dependency theory: • DCs exploit LDCs (Less Developed Countries) by extracting their surplus value. Surplu
Ask question different between Marginalism & incrementalism #Minimum 100 words accepted#
#question."ledger is said to be the principle book of entry and the transaction can be even be directly entered into the ledger account."Elaborate on the statement
In AS/AD model monetary polices is seen to working primly through its effect on interest rate. There are some example to understand to interest policy impact on exchange rate an
What are colonial background countries of the development process? A colony is a country controlled by other. Various European countries had extensive empires as: • Latin
(a) Give basic criteria for selecting an outsourcing supplier. (b) What do you understand by Request for Information and Request for Proposal (RFP)? (c) List down question
There are two agents, A and B. Both have preferences represented by a von Neumann-Morgenstern utility function u(c s j ) = ln (c s j ), where c s j is consumption of agent j in
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