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analyse the method by which a firm can allocate the given advertising budget between different media of advertisement
Draw the line of competition
How does colonial background influence the development process? Colonial experience influences: • Language for example the official language of US is English. • Legal and
What are the predictions of balanced growth? When government can co-ordinate immediate investment in several industries one firm gives a market for another. It needs state pla
what is increaase libralisation?
What are the external constraints on government action less developed countries? External Constraints on Government Action LDCs face external factors beyond their control are:
What is suitable technology? Technology is suitable when this employs methods which make the best use of accessible resources that is labour-intensive, straightforward techniqu
Most studies of firms’ long run costs have found that average costs decline as firms produce increasingly larger output levels (economies of scale), such as for automobile firms. H
Why does economic development engage structural change? The process of development needs structural change. Usually economies develop by moving resources through agricultural
There are two agents, A and B. Both have preferences represented by a von Neumann-Morgenstern utility function u(c s j ) = ln (c s j ), where c s j is consumption of agent j in
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