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Q. What do you meant by Hoarding?
A situation in that companies, financial investorsor individual consumers choose to hold hoards of cash or other liquid assets, instead of spending and re-spending that money. Hoarding often results from intense fears about future economic and financial turbulence - yet ironically hoarding can create the very recession which hoarders fear.
Production having Two Outputs -Economies of Scope * Economies of scope exist when joint output of a single firm is greater than the output which could be achieved by two diffe
Assume that the market for lamb is perfectly competitive. Using an appropriate model (or models) illustrate and explain a. How a competitive market arrives at equilibrium
CHARACTERISTICS OF ECONOMIC INFRASTRUCTURE: Natural monopoly is the situation where the provision of a good or a service has economies of scale, which are realised most when a
Risk Neutral - A person is a risk neutral if they show no preference between certain, and an uncertain income with the same expected value.
Define
Discount Rate The term discount rate relates to business valuations. It is the rate applied to a future torrent of making an income or cash flow to measure its represen
The definition of a price maker is states as “firm with some power to set the price bcoz the demand curve for its output slopes downward”, that in effect, mean those firms with a d
Individual Demand * The Individual Demand Curve - Two significant Properties of Demand Curves - 1) The level of utility which can be attained changes while moving along
what is modern theory
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