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Why is investment so important in an economy? Define investment as an enhance in capital stock and link this to broad macro issues; future output, enhance in living standards, ta
current rate of gdp
Protection of infant firms: Infant industries are those firms, which are young. The absence of economies of scale to them makes their unit cost of production higher than older
Securitization: A process in that financial relationships (like loans) are converted into financial securities or assets (like bonds) that can be bought and re-sold in securities m
2ALBr3+3K2so4--->6KBr+1Al2(so4)3
n..
Perfect competition: Perfect completion refers to the market structure in which there are a large number of relatively small firms, each firm having freedom of entry into and
what is the theory of second best ? prove the theorem with the help of a diagram .
Which firm has the greatest minimum efficient scale?
explain normal profits
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