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Desire for a commodity
This validates that a want or a desire doesn't develop into a demand except it is supported by the ability and willingness to acquire it. For example, a person may desire to own a scooter though unless he has the required amount of money with him and willingness to spend that amount on purchase of a scooter, his desire will not become a demand.
The Historical development of money For the early forms of money, the intrinsic value of the commodities provided the basis for general acceptability : For instance, corn, s
Fundamental of managerial economic
The owner of a patent has a contract with a cooperation that gives it right to use the patent. The cooperation will pay the patent owner $2500 yearly for the next 5 years, $3000 fo
Balance of Payments Perhaps the most immediate reason for bringing in protection is a balance of payment deficit. If a country had a persistent deficit in its balance of paym
Industry Paper: As a partial requirement for this course, you will have to submit a paper on an Industry of your choice. This is a highly structured paper, which consists of: 1.
Real Vs Nominal GNP: "Deflating" by a price Index One of the problems that confront economists when measuring GNP is that they have to use money as the measuring rod. Thes
with the of evidence comprehensively discuss the market structure in the south African mobile telecommunications industry
Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2
Ask questiHow does economic theory contribute to managerial decisions? on #Minimum 100 words accepted#
Disadvantages of the Planned System The centrally planned economies suffer from the following limitations: Lack of choice: Consumers have little influence over what is p
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