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Transport Infrastructure:
The development of transport infrastructure plays an important role in the growth process through increasing mobility of resources and increasing factor productivity. Transport infrastructure saves time and decreases the cost of transportation, and, thereby, helps both the rich and the poor. Transport development in rural areas strengthens linkages between towns and the countryside. Along with irrigation, it helps adoption of new technology by reducing the cost of inputs and marketing of outputs. It helps the rural poor by increasing their accessibility to schools and health centres and enables them to obtain non-farm employment in far-away places. In India, the share of the transport sector in Gross Domestic Product in 2003-04 was 5.55 per cent (calculated at 1993-94 prices). Roads, Railways, Airports, and Seaports are the infrastructure constituents of Transport Sector.
sources of oligopory
Tax Policy Implementation: Take, e.g., the case of tax policy. It attempted to raise resources by a combination of direct and indirect taxes to finance a large part of increa
If the short run method to produce Q quantity is with full time workers L=0.025*Q, COST OF WORKER IN THE SHORT RUN IS w=20226.154, how do you derive the value of Q
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Assume that the market for lamb is perfectly competitive. Using an appropriate model (or models) illustrate and explain a. How a competitive market arrives at equilibrium
1) The Economy cannot be considered fully employed unless the measured unemployment rate is below 1%. Agree or disagree and explain your answer in a paragraph. 2) A) Why would y
Example of a cost function
causes of monopoly
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Volume of Trade: It relates to the size of international transactions. Since a large number of commodities enter in international transactions and their aggregate can be found
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