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Development plan: A Development Plan is a document which contains a policy framework and programme of development for a time period for a country. It sets out the general meas
1. By using the Production possibility Curve (PPC), analyze the microeconomic theories such as scarcity, choices and opportunity costs. Provide relevant graph with numerical exampl
discuss whether marginal utility is a realistic piece of economic analysis in explaining consumer demand
Tc and TVC curves have an inverted s-shape
keynsian cross model
Player 2 C B A 1,2 3,2 B 2,3 a, b Player 1
All other things equivalent, the higher the proportion of income spent for the commodity more price elastic will be the demand. Most home owners are recognizable with how this de
Economic Development The word development is from the Latin root ‘Voloper’ which meant wrap up, envelop. The English used this word along with ‘des’ meaning ‘undo’. The word
Explain the importance of well-established property rights in the method of development. Definition of property rights should not begin and end with owning land and buildings b
Equity: The proportion of a company's total assets which are "owned" outright by the company's owners. A company's equity is equivalent to its value less its debt owed to bankers,
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