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Socialist Economy: The material means of production are owned by the whole community represented by State under socialist form of economy. All members have equal right in the benef
State trading is often associated with canalisation. Canalisation means estaolishment of state monomply in foreign trade. In other words, an item that is canalised can be imported
how to solve for marginal revenue
illustrate and discuss the implications of various market structures (competitive and non competitive) for price determination
if the inverse demand curve is p=120-Qand the marginal cost is const ant at 10 ,
what is market equilibrium and disequilibrium?
what is the differences between utility theory, indifference theory and revealed preference theory
crumble corporation produce biscuits. here the relation between the number of workers and output
What are the advantages and disadvantages of monopsony?
Determinants of the price elasticity of demand are explained below: 1. Number of close substitutes present within the market - The more and closer substitutes available in the
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