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How does resource enhancement improve development?
Enhancements in the quantity and quality of resources increases productivity hence incomes. Enhanced management raises output from specified inputs:
• Production or output is the value of output (Q)
• Productivity or average product (AP) is output person which is output divided with number of employees AP= Q/L. Labour Productivity can be demonstrated as output per worker or output per hour worked.
Countries along with above average productivity have lower unit costs and a competitive benefit over countries along with low productivity.
What is the social capital? Social Capital: Social capital is related with Putnam: Social capital considers to as features of social life as networks, norms and trust whi
WHAT are relationship between them showthese relitionship with the help of digram also state relitionship between AR MR & TR.
What is a firm
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Numerical Exercise 11. Suppose that the Fed’s inflation target is 2 percent, potential output growth is 3.5 percent, and velocity is a function of how much the interest rate differ
How does population growth produce development? The impact of population growth depends upon the form: • By net migration. When the increase into population is highly skill
Describe the characteristics of Monopolistic Competition
A university has a small dorm with four rooms, in which three sophomores, A, E, and J, and a freshman, C, are residing. Not being equipped with gas/electricity meters for individua
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despite of pitfalls forecastimg is indispensable to a business firm.discuss the importance of forecasting in light of this statment
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