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Industrial Policy: Government policies which are aimed at fostering the domestic development of particular desirable or productive industries, in order to enhance productivity, create higher-paid jobs, and boost international trade performance. Tools of industrial policy can include measures to stimulate investment in targeted industries; trade policies (like tariffs, limits on imports orexport incentives); and technology policies.
Why narrowness of definition of a commodity may influence price elasticity of demand
consumer surplus fot tea
cars:0,2,4,6,8 tow truck:30,27,21,12,0
explain the fundamental task of economic system usin tomatoes as an example
PLEASE GIVE ANY ONE TOPIC OF ECONOMIC WITH ANSWERS
Why might an oligopoly be reluctant to change its price? When some large firms have high total market share and are non-collusive, there is a strong element of interdependency.
#question.what is the periodc clasification?.
Division of Labor The occupation or breaking down of jobs into simple and repetitive responsibilities.
A farmer produces maize according to the following production function Q m = AK 1/3 L 2/3 Where Q m is output of maize, A = land, K = capital and L = labour Given that
definetion of pricing thery
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