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explain convergent and divergent system
What is the theory of Second Best? Prove the theorem with the help of a diagram.
what is pure competition markets?
The minimum wage was increased in 1996 amid cries by various economists that it would cause unemployment. Critics shown that the last time the minimum wage went up the si
1. Define the concept of opportunity cost in your own words. Given an example from your own life of the opportunity cost of a decision (do NOT use classroom examples). Explain why
Shares: Financial assets that represent ownership of a small proportion of total equity (or net wealth) of a corporation. Shares can be sold and bought on a stock market. Slaver
The Industrial Revolution The century after 1750, saw the industrial revolution proper: invention of steam engine, spinning jenny, power loom, hydraulic press, railroad locomot
compare traditional modern and engineering cost curves
implications of market structures on price determination
explain and illustrate the changing demand for big mac using indefference curve and budget line
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