Structure of national income, STRUCTURE OF NATIONAL INCOME: The struct...

STRUCTURE OF NATIONAL INCOME: The structure or composition of national income of an economy explains the relative significance of the different producing sectors in an economy

Positive versus normative economics, Positive versus Normative Economics ...

Positive versus Normative Economics Positive Economics Positive economics considers with the predictions or observations of the particulars of economic life. For instance:

Problem set #2, Two people are engaged in a joint project. If each person i...

Two people are engaged in a joint project. If each person i puts in the effort xi, the outcome of the project is worth f(x1, x2). Each person’s effort level xi is a number between

Risk neutral persons, Risk Neutral - A person is a risk neutral if they...

Risk Neutral - A person is a risk neutral if they show no preference between certain, and an uncertain income with the same expected value.

Characteristics of economic infrastructure, CHARACTERISTICS OF ECONOMIC INF...

CHARACTERISTICS OF ECONOMIC INFRASTRUCTURE: Natural monopoly is the situation where the provision of a good or a service has economies of scale, which are realised most when a

What do you meant by monetary targeting, Q. What do you meant by Monetary T...

Q. What do you meant by Monetary Targeting? Monetary Targeting: A policy which attempts to directly limit the growth in total supply of money in the economy. It was main policy

Critically examine recent development in demand theory,

Perfect competition, When should a firm shut down production in the short r...

When should a firm shut down production in the short run?

Monopoly, What are the causes of emergence of monopoly?

What are the causes of emergence of monopoly?

Different pricing practices, What are the different pricing practices?

What are the different pricing practices?