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Circular Flow of Income: The diagram shows Real Flow (goods and services) and Monetary Flow (Income and expenditure). The bottom pair of arrows depicts the goods market.
ACHIEVEMENTS OF BRETTON WOODS INSTITTUTIONS: Some of the important achievements of the BW Institutions can be summarised as follows: 1) International reserves have increa
Direct Marketing This is a marketing tool designed to elicit instant action from the customer through direct contact.
draw a production possibility frontier task using the graph and value and identity the pareto efficent and inefficient point and the marginal oppotunity cost of x for each point of
What is a natural monopoly Define natural monopoly as a situation where the advantages of scale a fixed costs are so high that it is impossible to fully exploit them. MC and AC
would a rational producer be concerned with the average or marginal product of an input in dec
Allocative Efficiency The production of products and services such that stages of production are closely tied to levels of customer demand.
Define Nash equilibrium and explain with the help of the game ''prisoner''s dilemma''.
why is the concept of elasticity crucial to the study of economics?
Do not submit more than 1 file in the Canvas submission link. A few years ago peanut farmers in India experienced a super-bumper crop due to favorable weather conditions. Initially
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