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What is the benefit (main work) of economics in our life?
Economics plays a very important role in development of a country. A country's economy shows the stability of that country. If economy of the country is strong, it would be ranked in the developed countries of the world. If, though, country's economy is not that strong, it would be considered as one of the backward countries in the world.
What currency was used in the 1700s? Ans) this is depends on the country. Most currencies, though, were based on gold and silver. In America, in the 13 colonies, tobacco wa
compare and contrast between cordinal and ordinal approaches
The Long-Run Supply of Housing * Scenario 1: Owner-occupied housing - Suburban or rural areas - National market for inputs * Questions - Is this an increasing or co
Determinants of Private Demand - Ability to Pay In a developing country like India, of all the factors determining investments in education, the most important factor is the ‘
what are the microeconomic encompasses
define real and nominal wages
Monopoly and Oligopoly help?!? 1. Your firm sells a perfume. The daily demand for your perfume estimated by your economists is given by P=150-5Q Your marginal cost is constant at $
explain what will happen to price , the marginal cost of rice, and the quantity produced if the government sets a production quota of 2000 bags a week. draw a graph and explain you
ACHIEVEMENTS OF BRETTON WOODS INSTITTUTIONS: Some of the important achievements of the BW Institutions can be summarised as follows: 1) International reserves have increa
how is monopoly different from opligopoly
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