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what is fixed and variable inputs with more explanation
price falls and demand is elstic
What is elasticity of supply
Unemployment: Individuals who want to be employed, and are actively seeking work, but can't find a job, are considered ‘officially' unemployed. Individuals who aren't working, but
meaning of economics laws
THEORY OF COSUMER BEHAVIOUR: BASIC THEMES: We elaborated two classical theories (viz. Cardinal Approach and Ordinal Approach). In ordinal approach discussing the indifference
draw the demand curve,when there is rise in the price of a product on the demand of the product
How might one measure differences in living standards between less developed and developed countries? This is a very wide question where any clear and relevant calculate shoul
compare and contrast between cordinal and ordinal approaches
The least square method is based on the assumption that the past rate of change of the variable under study will continue in the future. It is a mathematical procedure for fitting
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