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(a) Differentiate between a command economic system and a laissez-faire.
(b) Assess to what extent it is advantageous for an economy when it moves from a controlled to a free-enterprise system.
(c) Describe the relationship between scarcity choice and opportunity cost.
(d) One major objective of various firms is to grow big in size. Explain why this is so.
Privatisation in the narrow sense can take several forms: a) Total Denationalisation: This implies complete transfer of ownership of apublic enterprise to private hands. Some
WHAT IA GMP
National income: The national income or product or expenditure provides a measure of total value at factor cost of final goods and services, which are available either fo
assingnment on production cost
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In a competitive market, the market demand is Qd = 150 - 5P and the market supply is Qs = 5P - 10. As a result of a price ceiling imposed at $14, the new consumer surplus and produ
1- Explain how a policy mix (like the one used in 1990s) could help reduced to eliminate the budget deficit without having an adverse effect on the output. Illustrate your answer
Performance of Public Sector Enterprises: Data reveal that the performance of the much-maligned public enterprises has shown a distinct improvement during the last 9 years. Gr
Q. Explain about Contingent valuation? Evaluation of willingness to pay for a specified environmental resource or a change in the resource, through use of structured questionna
hey, I just have a question on how to apply things like ATC and AVC in a problem. im just not too sure about what happens to the quantity of a particular good when asked. this is p
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