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Q. Importance of heterogeneity?
The importance of heterogeneity for public policy process can be summarized in two propositions.
- Heterogeneity or conflict of interests is necessary for existence of political constraints.
- The public policy process is concerned with the mechanism by which those conflicts are resolved.
circular flow of income in a frugal economy
Question 1: "The only social responsibility of business is to increase its profits" wrote Milton Friedman, Economics Nobel prize winner, in an article in the New York Times Mag
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Corporate communication can be anything from how a corporation functions internally/externally, to what is making its communications operate like call center equipment, etc.
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privatization can always decentralise economic power. critically discuss
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