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Unemployment Rate A measure of labor force utilization the unemployment rate is equal to the number of people which is unemployed as a percentage of the total labor force.
demand for risky assets
What is Modern Economics? Modern Economics: Modern economics mostly developed within last sixty years, methodically studies individuals’ economic behavior as well as econo
Mixed Economy: This type of economic system combines the features of both the capitalist and socialist economic systems. The private sector is allowed to function on the principles
Direct Marketing This is a marketing tool designed to elicit instant action from the customer through direct contact.
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What types of questions would concern microeconomics, versus macroeconomics? Microeconomics concerns itself with decision-making of individual consumers, firms and other organ
economics of uncertainty with examples
would a rational producer be concerned with the average or marginal product of an input in dec
1. What are the uses of elasticity to the public sector and private sector? (20 marks)
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