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Gross Domestic Product A measure of national economic activity, GDP is measured from two approaches. GDP can be viewed as the total value of all goods and services produced in
explain how income flows in governed economy
State about Production theory Production theory assists in determining the size of firm and level of production. It clarifies the relationship between marginal and average cost
williamson model and managerial discretion about its objective and statement of problem
Q. Explain the Short run production function? Discussion of production up to now has ignored the time required to build production facilities. There is a requirement to take in
INSTRUMENTS OF CREDIT CONTROL The central bank employs several instruments to control aggregate credit in the country. While some instruments like the open market operations mi
Arguments against protectionism Most of the arguments for protectionism may be met with counter arguments, but underlying the economic arguments as opposed to the social, mo
WHAT ARE THE FORMS OF COST FUNCTIONS?
Assumptions of Monopolistic Competition Monopolistic competition as the name implies, combines features from both perfect competition and monopoly. It has the following featu
discuss the significance of managerial economics in regards to business strategies employed by business entities currently operating in the global economy
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