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A type of economy (like in Europe in the Middle Ages) which is primarily agricultural however productive enough to support a class of merchants andartisans. Feudal societies are composed of two major social classes: peasants andnobles. Nobility extracted the agricultural surplus from peasants through a system of tradition, mutual obligation and (when necessary) brute force.
PEST analysis Political factors: The political factors include laws and regulations in the market and this influences the market activities. These laws and regulations a
The Bandwagon Effect - This is desire to be in style, to have a commodity because almost everyone else has it, or to indulge in it. - This is major objective of marketing an
how has the haberlers theory of opportunity cost an improvement over the classical theory of trade
critical evaluation of marginal analysis
have to do a group project on consumer equlibrium. plz help on wat sub topics to select (i am in college 1st year)
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 commodi
THEORY OF PRODUCTION: Production activities related to goods and services require inputs. Typically, the set of inputs includes labour, capital equipments and raw materials. T
Consider a decision faced by a cattle breeder. The breeder must decide how many cattle he should sell in the market each year and how many he should retain for breeding purposes.
what are the similarities and differences of marginal productivity and marginal utility
comparing GDP between indonesia and haiti
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