Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Explain the roles of economics theory.
Roles of Economic Theory
An economic theory has three probable roles:
a. This can be used to describe economic behavior and economic phenomena into the real world.
b. This can make scientific predictions or deductions regarding possible outcomes and effects of adopted economic mechanisms while economic environments and individuals’ behavior are suitably described.
c. This can be used to refute faulty objectives or projects before they are actually undertaken. When a conclusion is not probable in theory, then this is not possible into a real world setting, as long as the assumptions were approximated realistically.
The prevention of major swings in economic activity can be handled most easily by the
if coast of good A fall by Rs.1 & coast of good B increases by 1 Rs. what will be the effect on budget line
Q. Define Economies of Scale? Economies of Scale: Most economic production requires producing firm or organization to make an initial investment (in real capital, in design and
What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities
discuss and illustrates the following terms with diagrams1.inferior goods.2.normal goods,3.giffen goods
Two consumers John and grayson like to transfer songs to their phones from jose phone the table represents their willingness to pay and jose willingness to accept for each download
discuss the methods used by the malaysian government to slow down import growth.
What is meant by non Price Competition? In which market structure does it exist? None price competition is an effort put by the supplier to earn extra profit without enhancing
Aggregate Supply When referred to in the circumstance of GNP or GDP, aggregate supply refers to the labor and capital needs to proceeds the level of products and services need
Dividend The distribution of an organizations earnings to its owners-the stockholders. Cash dividends are most ordinary, although partition can be issued in other forms, such
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd