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Stock of durable goods on hand: If the economy has enjoyed an extended period of prosperity, consumers may find themselves well supplied with various durable goods, e.g. cars,
Question 1: ? deduce the causal factors behind technological developments in different cultures and during different periods of human history ? assess the basis of common cr
what is the use of models in economics?
Labour Supply:Total number of workers available and willing to work in a paid position; generally measured by the labour force(even though the labour force usually excludes many wo
MRTS and Marginal Productivity The change in output from change in labor equals: The change in output from change in capital equals
PARALLEL ECONOMY: What is in popular parlance known as black money, and is, misleadingly called the 'parallel' economy, (as it operates very much with and within the legal, fo
why does gap between the ATC curve and the AVC curve decreases as the level of output increases
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what are the types of economic analysis
SUMMARY OF THEORY OF PRODUCTION
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