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Externalities: Many economic activities have collateral effects (at times positive, but more often negative) on other people who aren't directly involved in that activity. Illustra
Labour Extraction: Most employees under capitalism are paid according to time they spend at work. Though employers then face a challenge to extract genuine labour effort from their
the prevalence of excess capacity is the direct consequence of the existence of monopolistic competition
WTO Agreements: The WTO administers 29 agreements; these cover different areas like trade in goods and services, investment measures, intellectual property rights, etc. Some o
Dance fans switches away from Dance music to R&B music AND the price of MP3 players increases
Figure 3.7 in the above textbook. Using the figure in guide, determine the approximate size of the market surplus or shortage that would exist at a glance of a) $40 b) $20
Explain how oligopolies can work both for and against consumers. Oligopolies market power can of course work against consumers - as price-setting and any form of collusion will
what is oxidizing agent
Managerial theories of the firms
What are the factors that producers in the society may take into consideration when deciding on the what to produce,how to produce and for whom ?
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