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Direction of Trade: It is indicative of the structure and level of economic development. As a country develops and its trade gets diversified, it has to seek new outlets for i
A type of economy (like in Europe in the Middle Ages) which is primarily agricultural however productive enough to support a class of merchants andartisans. Feudal societies are co
Consider the model of corruption explored by Shleifer and Vishni’s where there is one government-produced good X. There is a demand for that good described by the inverse demand eq
why is the point outside the production possibility curve(PPC)called unttianable
unemployment is voluntary, discuss in view of the classical economists and the keynesian
In 1939 the U.S. economy was operating where in the production possibility curve?
TRENDS OF NATIONAL INCOME: Estimates relating to India's national income and per capita income are available to us for each of the years beginning 1950-51. These estimates are
what are the uses of cross elasticity quantity in demand/
Discuss how the opportunity cost principle influence a supplier''s decision to supply labour
Point elasticity: It refers to measurement of elasticity on a point On a demand curve. Point elasticity helps in measuring elasticity where change in price and quantity is infinite
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