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Consumer Choice * Decision making & Public Policy - Selecting from a non matching and matching grant to fund police expenditures
Rationale for government intervention There are six major functions the government can perform in an economy. 1. The government provides a legal and social framework within which
NEED OF REFORMS: Presently Government offices generate a lot of paper work in the form of reports/returns, extended file movement in many cases for clarification of some mino
Q. What do you meant by Deficit? Deficit: When a business, government or household spends more in a given period of time than they generate in income, they suffer a deficit. A
Smoking cigarettes is a leading cause of many diseases
determination of rent
calculate demand function is Q=100-P, where Q is quantity demand and P is price
Surplus The surplus is a condition under that supply for a good or service is in excess of the demand for that good or service. When this happens, there is commonly a reduction
three marginal conditions of pareto optimality
how does utility figure in the analysis of consumer demand
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