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Conditionality: International financial institutions (such as World Bank andInternational Monetary Fund) usually attach strong conditions to emergency loans they make to developing countries experiencing financial and economic crises. These conditions need the borrowing countries to follow strict neoliberal policies, like reducing government spending and deficits; unilaterally opening markets to foreign tradeas well as privatizing important public assets.
Q. Explain about Natural Monopoly? Natural Monopoly: In some industries, economies of scale are so strong that it makes most economic sense for there to be just one supplier. T
Relation between TP and MP: Graphically, given the total product curve, MP is the slope of the tangent at any point on the TP curve. This is shown in Figure. See that
calculate point elasticity of demand function Q=10-2p for decrease in price from Rs3 to Rs2
The cross elasticity of demand calculates the responsiveness of the quantity demanded of one product to alters in the price of another product. For example, the quantity demanded
how to draw a table of the demand and supply scdule
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what happens when price is fix and there is a change of the supply and demand curve
Criteria of a Good Forecasting Method: 1. Simplicity : and Ease of Comprehension: Management must be able to understand and have confidence in the techniques used compli
how a capitalist system solves the three fundamental economic problems
Perfect competition has the following characteristics: 1. Large number of firms - There are a large number of firms in the market. Due to this each firm produces a very small fr
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