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POLICIES FOR SOCIAL INFRASTRUCTURE DEVELOPMENT: The origin of official policies for social infrastructure development is the National Policy of Education, 1986 for the develo
Determinants of Private Demand - Ability to Pay In a developing country like India, of all the factors determining investments in education, the most important factor is the ‘
what do we mean by The narrowness of definition of the commodity.
Inverse Demand Function: If variable factor prices changes, then the isocost line will tilt and consequently, the optimal factor requirement will be different. Suppose the wage rat
Explain how automatic (fiscal) stabilisers may help to lower fluctuations in the business cycle. Definition of automatic stabilisers as built-in to the system in terms of trans
National income: The national income or product or expenditure provides a measure of total value at factor cost of final goods and services, which are available either fo
what is Scitovsky Contour ?
problems in traditional economic
explain how macro and micro issues may be represented using production possibility curve
Suppose scientists discover that eating soybeans prevents cancer and heart disease
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