Why is capital formation important in economic growth, Capital make large s...

Capital make large scale production and greater degree of specialization possible. Thus with capital accumulation the advantages of large scale production and specializations are o

Welfare economics, what do you mean by social welfare function

what do you mean by social welfare function

Socialist economy, Socialist Economy: The material means of production are ...

Socialist Economy: The material means of production are owned by the whole community represented by State under socialist form of economy. All members have equal right in the benef

PRODUCTION, WHAT IS A PRODUCTION FUNCTION SCHEDULE?

WHAT IS A PRODUCTION FUNCTION SCHEDULE?

Elasticity of Demand , Assume that a shoe salesman learned the price elasti...

Assume that a shoe salesman learned the price elasticity of demand for her products is -1.5. How many percent will increase in total sales (revenue) if she cuts the price by 10%?

What is black marketing, What is black marketing?  Black Marketing mean...

What is black marketing?  Black Marketing means hoarding of sure commodity to sell it at higher prices. But it is an illegal activity in the economy and makes artificial shorta

Perform a threshold analysis, You are a member of a problem solving group t...

You are a member of a problem solving group that is concerned with incidents involving losses with their information system (IS). Let us assume that IS loss events can be grouped i

Cross Price elasticity,

Mathematical presentation of utility maximisation, Mathematical Presentatio...

Mathematical Presentation of Utility maximisation: Consumer's objective is to maximise her utility by solving UMP. To solve UMP, we set the Lagrange function of the correspond

World bank, WORLD BANK: The World Bank group is a partner in opening m...

WORLD BANK: The World Bank group is a partner in opening markets and strengthening economies. Its goal is to improve the quality of life and expand prosperity for people every