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Infrastructure :
Infrastructure plays an important role in the development of an economy. The adequacy or lack of it determines an economy's success or failure in increasing production, expanding trade, reducing poverty and improving environmental conditions. Infrastructure is of two types: economic and social. In this unit, we shall discuss the performance of various components of economic and social infrastructure, their growth and trend, inter-state disparities and implementation related issues. Let us begin with stating the concept and meaning of infrastructure.
Social cost: Social cost of production refers to the cost incurred by a society when its economic resources are used to produce a given commodity. The usage of a society’s res
What are the steps of the basic analytical framework in Modern Economics? Framework is very significant to master this fundamental analytical framework, particularly, these fiv
What is the difference between houehold and consumers?
discuss the implications of various market structure for price determination
DEMOGRAPHIC PROFILE: A demographic profile of India can be prepared out of the data collected by the office of the Registrar General of India who is the responsible authority
1. Suppose that a monopolistically competitive firm must build a production facility in order to produce a product. The fixed cost of this facility is FC = $24. Also, the firm ha
describe the dominent firm model
if the inverse demand curve is p=120-Q and the marginal cost constant at 10, how does the monopoly a specific tax of 10 per unif affect the monopoly optimum and welfare of consumer
demand curve
Slope of an Iso-quant: Since along an iso-quant the level of output remains the same, if θL units of θL are substituted for K units of K, the increase in output due to θ L
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