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Benefits of Regional Integration
Most economic experts cite that regional integration permits disadvantaged countries to realize economies of scale, vie on a broader (often global) platform and enhance overall economic efficiency. Alassane D. Ouattara the Deputy Managing Director of the International Monetary Fund declares that regional integration 'enables participating countries to pool their resources and avail themselves of regional institutional and human resources, in order to achieve a level of technical and administrative competence that would not be likely on an individual basis'.
Aggregate demand and Say's Law Y D = Y S in the classical model (Say's law) Aggregate demand Y D is defined as quantity of nationally produced
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Price Mechanism Price mechanism is the point, which equilibrates supply and demand within a market. It is a mechanism of pricing. The price mechanism is one, which permits the p
detail givn the transaction demand
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What is the size of the labor force if the unemployment rate is 6%, the population is 300 million, and the number unemployed is 6 million
define business cycle
What is Inherent Limitation?
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