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National Budget:
A National Budget is a document showing estimates of expected government revenue and intended expenditure for the coming financial year. It usually consist of the review of the performance of the immediate preceding budget, objectives of the present budget, revenue projection, estimates of current and capital expenditures as well as policy strategies to promote the achievement of the stated objectives.
for the total product curve why is it when you reach at maximum adding more input leads to decline in output?
What is development economics? Traditional economics studies the allowance of scarce resources among alternative uses. Development economics seems at the economic, politica
In the city of Gelato the market for ice cream is perfectly competitive. Aggregate demand for ice cream is: D(p) = 1200-25p where p is the price for one cone of ice cream. Al
Problems Using Point Elasticity - We may need to compute price elasticity over portion of demand curve instead of at a single point. - The price and quantity used as base wi
why society has chosen the mixed economy
marginal utility is applied on money or not
haberlers cost theory
So what caused the end of Malthusian age? How did humanity escape from the trap in that invention and ingenuity increased the numbers though not the material well-being of humanity
Measuring the Economic Value of Education A review of research works regarding the economic value of education shows that it developed in four different directions. They a
During a given interval a nation''s overall productivity grows at a compounded rate of 2%. Its population growth rate and degree of labor-force participation do not change over thi
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