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Open Economy None of the three economies considered so far are engaged in trade with Foreign Countries. Such economies are often referred to as Closed Economies. In contrast
Occurrence of Stagflation Two possible theoretical explanations can be given for the occurrence of stagflation almost all over the world. The first explanation follows directly
TC=100+0.15Q, Qu=1000-10Pu
incrimental principle
elasticity concepts occupies a central place in policy formulation explain in details
Theories associated with different market structures A firms profit maximising output decisions take into account the market structure under that they operate. There are 4 type
Question: (a) As an advisor to government as well as that to a firm how will you make use of your knowledge on price elasticity of demand, income elasticity and cross price ela
Q. What is Data mining? Data mining: Data mining is the process of extracting patterns from data. Data mining is seen as an increasingly important tool by modern business to
business decision making concepts of certainity risk unertainity sources of business risk steps invoived in analysiis of risky decisions risk adjustment etc
Ask questiHow does economic theory contribute to managerial decisions? on #Minimum 100 words accepted#
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