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explain the relationship between scarcity,choice and opportunity cost
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What is the difference between economics and business? Economics is the study of how we, the people, engage ourselves in production, distribution and consumption of goods and
In a perfectly competitive market the price of the product is?
using necessary and sufficient condition explain consumer surplus diagrammically and mathematically?
Which of the following industries do you think are likely to exhibit large economies of scale? Explain why in each case. a. House building b. Electricity generation c. Market ga
How does planning serve as a solution to economic problems?
Define the generality of economic theory in the modern economics. Generality of Economic Theory An economic theory is based onto assumptions imposed onto economic environmen
Gibb''s energy In every chemical system, the substance moves in a direction in which there is a decrease in free energy, for example i.e. ?G is negative. G = H - TS where, G is
research report of any firm
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