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Q. What do you meant by Informal Economy?
Informal Economy:Informal sector of the economy represents the production of services and goods for the own-use of the producers or for informal or ‘underground' trade in particular communities (as opposed to formal economy). It is specifically important in developing countries.
What is ceteris Paribus? Ceteris paribus is a Latin phrase, literally translated as "other things the similar," and usually rendered in English as "all other things being equa
what is le''chatliers principle?
We consider two regions A and B. Each market has the same size (i.e. number of consumers) but differs in the willingness to pay for one unit of the good proposed by the firm. On ma
What are the properties of cost function? Properties of Cost Functions: Some similarities are here with consumer theory. Such similarities are actually exact while one compa
would a rational producer be concerned with the average or marginal product of an input in dec
Question: (a) With reference to the characteristics of market structure, describe why the market for powdered milk in Mauritius is an appropriate example of monopolistic compe
Distributive Bargaining An approach to negotiation that finds to divide up a fixed amount of resources.
How is the wrong conclusion result in necessary condition not in the sufficient condition? This is often heard that the market institution must not be used based onto the fact
FUTURE DIRECTIONS: It is often said that the difficult things are the beautiful things, and if they are as vital for healthy national development as an economy, society and po
periodic table
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