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What are the basic economic institutions? There are two fundamental economic institutions which have been so far used into the real world are as: a. Market economic institut
in economics what is cobb douglas theory?
Marketing Economies: These are derived from the bulk purchasing of inputs and bulk distribution of outputs. A large firm is able to buy its raw materials in larger quantities
how advertisement affects the sales revenue of a firm ?
Depreciation: This signifies the loss of value from an existing stock of real capital (for an individual company or for whole economy), reflecting normal wear-and-tear of machinery
What types of external economies generates the output which reduces the costs of the firms in it? The chief example of external economies provided by marshal are (i) improved
illustrate and discuss implications of various market structure(non competitive and competitive) for price determination
what are the charecteristics of capita
law
Explain the graph as their is an increase in income
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