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Why has it been difficult to produce a single estimate of an environmentally adjusted or "greened" GDP? What are the two approaches that can be used to put a value on environmental assets and services?
Because there is more than one way to put a measure on the value of environmental services. The two approaches to calculate environmental services are the damage cost approach and the maintenance cost approach.
Cost Push or Supply Inflation: It is a situation where the process of increasing price level is caused by increasing costs of production which push up prices. Cost push infla
discuss the term of price mechanism,give examples to elaborate the concept clearly
In a small rural town, 150 people would like to be employed (this is the supply of labor). In order to make profits, capitalists hire some of these workers to produce grain. Those
substitution and income effect on inferior good
draw the demand curve,when there is rise in the price of a product on the demand of the product
Assigment help
a. Determine Australia’s market equilibrium for TV sets. i. (1) What are the equilibrium price and quantity?
Economic Ef ficiency The effort to making products and services in the least costly way without sacrificing excellence.
Foreign investment: To attract foreign investment – Developing Plans are used as a means of attracting foreign investment or foreign aid.Foreign government and international o
what do you mean by social welfare function
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