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Question 1: (a) Describe the three different ways of calculating national income. (b) Does the National Income figure accurately reflect the living standardof a population?
Q. Explain abput Capitalist Class? Capitalist Class:Group of individuals (which represents just a couple of percent of population in advanced capitalist countries) which contro
can economic laws proved universly
using the indifference curve approach explain why the demand curve slope downwards from left to right...... is there any exceptions?
How does an increase in the size of a future payment affect the present value of a future payment
use the concept of the income elasticity of demand to explain the difference necessities, luxuries and inferior goods
Air is one of the important constituent in the environment that is prone to pollution. Pollution of air refers to that part of atmosphere which is very nearest to the earth’s surf
Sita expects her future earnings to be worth Rs 100. If she falls ill, her expected future earning will be Rs 25, There is a belief that she may fall ill 2 with probability of -3
Costs: If raw materials, machines and other things required for production could be made available freely then the study of the theory of the production and indeed, the study of
Regardless of the market structure, oligopolist and the monopolist maximize their TR when MR=0. Do you agree?
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