Utility functions, Microeconomics

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Infrastructure , Infrastructure : Infrastructure plays an important ro...

Infrastructure : Infrastructure plays an important role in the development of an economy. The adequacy or lack of it determines an economy's success or failure in increasing p

How to measure inflation, Measure Inflation :  There are two common methods...

Measure Inflation :  There are two common methods of measuring inflation:  (i)  percentage change in price index numbers (PIN) , and  (ii)  change in  GNP  deflator. The tw

Foreign investment, Foreign investment: To attract foreign investment ...

Foreign investment: To attract foreign investment – Developing Plans are used as a means of attracting foreign investment or foreign aid.Foreign government and international o

Methods of forecasting, Methods of Forecasting The various methods o...

Methods of Forecasting The various methods of forecasting demand may be grouped under the followings categories: Opinion Polling Method: In this method the opinion

Partial input elasticity of output, Partial Input Elasticity of Output:   ...

Partial Input Elasticity of Output:   This is a short-run concept which deals with the variability of only one factor keeping the others constant. There are three kinds of retu

Monopsony, disadvantages of monopsony

disadvantages of monopsony

Current daily status(cds), Current Daily Status(CDS): The reference pe...

Current Daily Status(CDS): The reference periods (i.e. a year, a week and a day) are basically used to describe the period for which the workers are employed in the economy. T

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