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What are the basic economic institutions? There are two fundamental economic institutions which have been so far used into the real world are as: a. Market economic institut
Fixed costs are those which are independent of output that is they do not change with changes in output. These costs are a fixed amount which must be incurred by a firm in the shor
Rationale for government intervention There are six major functions the government can perform in an economy. 1. The government provides a legal and social framework within which
VIVIDLY EXPLAIN WHAT THE RAWLSIAN SOCIAL WELFARE ENTAILS
Market supply and Increase in supply: Market supply is the total quantity of a product that all firms in an industry are willing to offer for sale at a given market price an
edge worthmodel
Government Spending Wagner's Law of economic activities applies to every economy. According to this law, there is both an extensive and intensive increase in government activit
Is Indian companies running a risk by not giving attention to cost cutting?
How a manager determines the optimal number of employees in a project
How has the Haberler''s theory of opportunity cost an improvement over the classical theory of trade
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