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Economic Reforms and Reduction of Regional Disparities: Another important objective of development is to reduce regional disparities. Government has been helping the backward
Using tools of indifference curve, highlight on consumption in business economics.
cobb douglas production function?
MONOPOLISTIC MARKET
Services and goods that are used for their ultimate end purpose, meeting some human desire orneed. Consumption may include private consumption (by individuals, financed from their
Allocation Function The shifting or reallocation of production property into or out of markets based on shifts in prices for the products or services produced in that market.
explain how the keynesian cross shows that the economy is susceptible to self-fulfilling prophesies, either positive or negative
on what grounds is consumer surplus criticised?
explain bains model of limit pricing
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
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