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Socio Economic conditions of country also affect the sales forecasting. They may include total national income per capita income standard of living of the masses, education, inflat
THEORY OF COSUMER BEHAVIOUR: BASIC THEMES: We elaborated two classical theories (viz. Cardinal Approach and Ordinal Approach). In ordinal approach discussing the indifference
discuss how cross of demand is useful in categorizing commodities
Explain the axioms of completeness, transitivity and non-satiation using appropriate examples.
duality was used in comparative static approach in assessing the direction of change on economic variables . Why do we need duality and under what condition may duality can''t be u
explain stages and various coordination mechanism involved in policy process
I purchase a used stove for $155 when I was willing to pay $185. If a new stove costs $375,what is my consumer surplus
the definition of exceptional supply curve
Volume of Trade: It relates to the size of international transactions. Since a large number of commodities enter in international transactions and their aggregate can be found
Question 1 Identify the basic postulates of economics Question 2 Discuss the role of price mechanism Question 3 Explain the shape and application of Engel curve
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