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1. How would you describe a market economy? 2. What distinguishes a market economy from a command economy? 3. Is there a role for government intervention in the Australian econ
business environment
How can external trade promote economic development and growth? International trade permits increased specialisation than higher output permits economies of scale. • A big m
using a diagram, evaluate the effect of a decrease in money supply to the equilibrium in the goods and money market
Can comparative benefit change over time? Comparative benefit is a dynamic concept. A country can obtain or lose comparative advantage overtime when there is a change within r
i want information about the theory of supply
QUESTION 1 (a) Explain clearly the various sources of Industrial Law (b) The mutual consent of the contracting parties is required for a contract of employment to be valid, but
What is dual economy and development in an economy? Development in an economy: Differentiated or uneven development arises while the benefits of growth are not shared ev
Explain how the economic theories applied in business economics
optimal use of variable input
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