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Q. What is Formal Economy?
Formal Economy:Sector of the economy that produces services and goods in return for monetary payment, and is fully integrated into the formal structures (including tax systems) of the economy. It's distinct from the informal economy, in that exchange and production takes place on a non-monetary, subsistence, or barter basis.
A government official announces a new policy. The country wishes to eliminate its trade deficit, but will strongly encourage financial investment from foreign firms. Explain why su
How economic theory explain optimum pattern of consumption for an individual consumer
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