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explain the cobweb model of equilibrium
implication tructures of various market structures for price determination
Policies for Technological Advance Without better technology, increases in capital stock generated by investment rapidly run into diminishing returns. And without improvements
BUREAUCRACY: M de Gournay, an economist of France, first coined the word Bureaucracy in the eighteenth century to refer to "a fourth or fifth form of Government" in which "off
Positive versus Normative Economics Positive Economics Positive economics considers with the predictions or observations of the particulars of economic life. For instance:
what happen when a new resources has been discovered for computer
Deviation from ideal gas behavior The Van der Waal''s Equation This is observed, deviations from gas laws are high under high pressures & low temperatures. The Van der Waal suggest
group trend including ionic and atomic radii,electron affinity,electronegativity,charge density and ionization potential
i when should continue to produce in the short run
how does economics bridge the gap between economic teory and practise
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