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Low standards of living: In developing nations general standards of living tend to be very low for the vast majority of the people. These low standards of living are manifest
short run equilibrium of the industry
Why firm charges different prices to different consumer? Every firm needs to maximize its profit. When goods are sold to different customers, each customer negotiate price of
Distinguish between the terms of trade and the balance of trade. Basic explanation of the terms of trade as the average price of exports in relation to the average price of imp
What is law of demand
Female-headed households: The high incidence of unemployment among the educated in general and women in a particular reflects that the pace of creation of diversified employme
I need someone to do my quizzes it has 24 questions each. There are a total of 11 quizzes
Change in consumer Taste/preference: Any change in consumer taste or preference causes demand to change. Increased taste or preference for a particular good causes demand to inc
#question influence of an increase in migrant on market supply labour
Demand Function The function capturing the dependent relationship between the price people are willing to pay for products or service and other factors related to that product
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