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Explain the importance of well-established property rights in the method of development.
Definition of property rights should not begin and end with owning land and buildings but have a much wider scope. Property rights encompass also the use of land/buildings in accordance with contractual rents - and also any resulting output resulting from economic activity. Property rights enable households and entrepreneurs to borrow against both existing ownership deeds (to land or capital) and also future gains like output and profits. Lack of property rights serve to keep poorer households powerless and also act as a disincentive to improve use of land and capital.
What are the uses of elasticity’s to the public sector and private sector?
Graphical Representation of Various Returns: Diminishing Returns: If the TP curve is as shown in the adjacent Figure, then the MPL given by tanθ is throughout less than the A
Participation Rate:Proportion of working-age individuals who decide to ‘participate' in the labour force, by either being employed or actively seeking work. Precise definition of w
Hydrogen, Alkali and Alkaline earth metals Lithium atom and ion are very small and are comparable in sizes to those of Mg. Their polarizing power (charge / radius) are almost t
JOINT DEMAND AND COMPETITIVE
Example of a cost function
The table shows the demand schedule of Taylor Swift’s concert ticket. Draw the demand curve for her concert ticket
What is the formula for heat and how do you solve it?
Plot the demand schedule and draw the demand curve for the data given for Marijuana
the prevalence of excess capacity is the direct consequence of the existence of monopolistic competition
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