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What are the costs of economic growth?
Economic growth can result also into:
• Increases within pollution noise and congestion
• Unnecessary depletion of non-renewable resources
• Loss of traditional methods of life in between indigenous minorities
• The advantages of growth between income groups and regions might be uneven leading to a raise into relative poverty. Therefore income inequalities may extend
• The structural change related with economic can be important and fall disproportionately on such least capable to adapt for example, dependents, unemployed and the poor.
What is the difference between accounting profit and economic profit? Accounting Profit: The accounting profit of a business is the revenue of business minus the explicit
What are the indicators of development? Economic development is a complicated multi-dimensional idea. Preferably each aspect of development needs its own indicator. • Prof
If Starbucks's marketing department estimates the income elasticity of demand for its coffee to be 2.9, how will the prospect of an economic bust (expected to decrease consumers' i
solutions to central problems of economy.
Explain the difference among saving and investment as explained by macroeconomists. Which of the following situations represent investment or saving? Explain: a) You u
explain the structure of the economy and its impact on the gdp of sountry.
How do you calculate variable unit costs and total annual costs? Ans) Annual units sold, 1000. Raw materials yearly cost 650. Building rent yearly cost 9000. If sales volume enh
"International bodies such as the aced argue that more unequal income and wealth distribution erode social cohesion and increase the scope for internal conflict."
The consumption function of an economy is given by c = 200+0.75(y-t) And the investment function by I = 200 = - 25r. Government purchases G and taxes Τ are both 100. T
factors that causes the shifts in balance of payments
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