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why does economist agree or disagree?
Defining black economy, If you pay your cleaner or builder in cash or for some reason neglect to tell the taxman which you were paid for a service rendered, you participate in the
the sources of market failure
Determine the Cross Elasticity of Demand Measures the responsiveness of demand for good A to a given change in the price of good B. It is an significant piece of information to
Problem: i) What do you meant by the term ‘economic efficiency'? ii) By using appropriate examples differentiate between fixed and variable costs. iii) Consider different
economic problems are faced by all types of economies but they are dealt with differently in different types of economies.discuss
For each of following production functions, comment on the ability to substitute capital for labor. Note that Q, K, and L denote output, capital, and labor respectively. A: B
price quantity 10 60 20 70 30 90 40 110 50 130 derived a supply function for the relation between price and quantity
Trends in the Growth of Production and Productivity: From an analysis of the trends of growth of production and productivity of agricultural sector as a whole and of differen
use the concept of the income elasticity of demand to explain the difference necessities, luxuries and inferior goods
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