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The reason that an entrepreneur supposes the risk of starting a business is to earn profits. The fundamental assumption in the theory of production is that a rational owner of a b
what is economic model and role of assumptions in it.
calculate demand function is Q=100-P, where Q is quantity demand and P is price
What are expansionary and contractionary effects? Expansionary effect refers to the effect of raising the equilibrium level of national income. For example, an increase in gov
Analyse the method by which a firm can allocate the given advertising budget between different media for advertisement?
EOQ formula The EOQ equation assumes demand is constant and steady. It also assumes that demand for different items is independent. This is inappropriate for controlling inve
about visit to village panchayat fo data agriculture based project
PARAMETERS FOR ASSESSING ECONOMIC REFORMS: Let it be clearly understood that liberalisation, privatisation and globalisation are means with the help of which the growth proces
Over the course of modern American economic history there have been market failures, various social problems, and other complexities that have resulted in certain resource markets
TRADE policy: The well known economist D. H. Robertson has immortalized the role of trade in development with his famous statement that "trade is an engine of growth". The pol
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