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Policies to cure Balance of Payment deficits The measures available to tackle balance of payments deficits include short term measures such as deflation, import controls, dev
Explain a circular flow of income in a frugal econmomy with diagram
determine points in units and reorder quantity normal sales=2 month; reorder time=15days; max stock=6 units; safety stock=1 unit ( based on 95% customer''s satisfaction )
features of monopoly
Income Elasticity The functional relationship among the changes in the quantity demanded for a good or service and the change in income of those persons demanding the good or s
Barriers to entry in pure oligopoly The barriers to entry can be artificial or natural. Artificial Barriers This can be acquired through: State protection throu
Keynes and Mitchell Description According to Keynes description, a trade cycle is characterised by alternating expansionary and contractionary wavy movements in the aggregate
Explain the theory of production, Managerial Economics Explain the Theory of Production
The Current Account This records all transactions involving the exchange of currently produced goods and services and is subdivided into i. Visibles: A record
what is the full concept of discounting principles of managerial economics ?
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