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Solution of this case study
Allocative Efficiency The production of products and services such that stages of production are closely tied to levels of customer demand.
Q. What is Heterodox Economics? Heterodox Economics:Different schools of thought (including post-Keynesian, Marxian, structuralist and institutionalist economics) which reject
discuss the implications of various market structures(competitive and non-competitive)for price determination
Question 1: (a) Describe the three different ways of calculating national income. (b) Does the National Income figure accurately reflect the living standardof a population?
relation between production and consmption
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elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2
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