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When measuring price levels in the economy (such as when calculating the CPI index), why is a weighted average used?
Because we require giving greater emphasis to prices at which many transactions are made and less emphasis to the prices of relatively minor goods and services.
Economic Reforms and Infrastructure Growth Infrastructure data for the pre-reform period (1980-81 to 1990-91) is with1980-81 as base year and for post-reform period (1993-94 t
explain the fundamental task of economic system usin tomatoes as an example
under which market structure does the banking sector fall?
What two developments are demanding new ways of looking at the economic world in the 21st century? What kinds of sustainability questions do they raise? Two developments that
Q. Define Economies of Scale? Economies of Scale: Most economic production requires producing firm or organization to make an initial investment (in real capital, in design and
equilibrium price and output.
Why do some people believe that a mixed economic system solves basic economic problems? Ans) It is due to the private sector and public sector both have a say in answering the
Movements of the demand curve itself, either to the left or right are known as changes in demand. A change in demand is caused by a change in one or more of the nonprice determina
Q. What do you meant by Progressive Tax? Progressive Tax:Tax is considered progressive if a larger proportionate share of its total burden falls on individual'swith higher avera
Suppose scientists discover that eating soybeans prevents cancer and heart disease
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