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meaning of economics laws
determinate equilibrium price and quantity. if Qd=7-1/2p AND Qs=1/4P-1/2
Comparative Advantage:A theory of international trade which originated with David Ricardo in early 19th Century and is maintained (in revised form) within neoclassical economics. T
Financial relationship with the IMF: IMF provides temporary assistance to member countries to tide over BOP deficits. When a country requires foreign exchange, its tenders its
Labour Extraction: Most employees under capitalism are paid according to time they spend at work. Though employers then face a challenge to extract genuine labour effort from their
cars:0,2,4,6,8 tow truck:30,27,21,12,0
how a capitalist system solves the three fundamental economic problems
What are the uses of elasticity’s to the public sector and private sector?
Industrial Policy: Government policies which are aimed at fostering the domestic development of particular desirable or productive industries, in order to enhance productivity, cre
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