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Q. What do you meant by Relative Poverty?
Relative Poverty: A measure of poverty based on an individual or family's relative income compared to overall average level of income in economy as a whole. Relative poverty thresholds changes over time with growth in overall income levels. Distinct from absolute measures of poverty, which are defined according to a specified level of real consumption.
Because of your reputation as an expert in economic analysis, you have been hired as vice president of a business consulting firm named Economists R Us. This firm provides consult
Socialist Economy: The material means of production are owned by the whole community represented by State under socialist form of economy. All members have equal right in the benef
income=100 price of x=5 price of x2=10 find consumer equilibrium with diagram
Another school of thought developed what is called loanable funds theory of interest. Among the principle economists who contributed to the development of loanable funds theory men
meaning and characteristics of plural sense and singlural
Strategic Planning for Enhancing Exports: Strategic Planning for Enhancing Exports need to be undertaken at the national level. It is necessary to undertake a separate and
Solve equation P=200-Qs and Qs=4.5p +5
on what grounds is consumer surplus criticised?
chemistry assignments , Neutron diffraction supplements x-ray diffraction and is particularly helpful in locating hydrogen atoms. An x-ray beam is scattered primarily as a result
Average Fixed Cost (AFC): AFC is the fixed cost per unit of output. AFC = TFC/y Since the TFC is constant throughout the short run, as y increases AFC will decline. Therefore
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