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what is the theory of second best? prove the theorem with the help of a diagram.
Concepts of Income and Substitution Effects: Change in demand for a good due to one unit change in price of that good for given prices and money income is known as own price
use the concept of the income elasticity of demand to explain the difference necessities, luxuries and inferior goods
williomson''s model of managerial discretion
law of diminshining marginal utility
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
Ask question how do I find the Price
Potentials of Productivity Growth: It needs to be noted that growth in productivity witnessed in the past are an average rate at the All-India level. There are considerable re
excess reserve make a bank less vulnerable to runs.why
Use a PPF to explain the trade-offs that all economies face. All countries must construct some sort of system whereby output, allocation and distribution of goods is decided.
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