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Economic Cycle The economic cycle is the long-standing sample of alternating times of economic growth (expansion) and decline (recession), followed by changing economic indica
What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities
derivation of demand funcation using indifferance curv ordelreay and competed demand curv
What are the main weaknesses of using demand-side policies? Trade-off issues a) Growth and low unemployment often come with inflation b) Government stimulatory policies m
why the PPC curve slopes downward?
#question.what is meant by ppc?illustrate the central problems of aneconomy with this curve.
1. Discuss how banks make money, and are structured in respect to Asset, Liability and Capital Management – give examples.
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
Economic instruments Financial rewards, incentives and penalties that operate automatically via market forces, to encourage beneficial behavior.
Location of industry and localization of industry: Location of industry tries to answer the key economic question "where to produce". It involves deciding on the area that an
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