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What is the development process?
Development is measured through outcomes that are development occurs while key indicators of human well-being enhance. A reduction of poverty unemployment and inequality and economic growth into a growing economy are points to successful development results. Development is a process including change. Changes in structural are painful creating winners and losers as well as a loss of traditions.
Question: Table below shows the recent trends in terms of consumption. (a) (i) Explain what is meant by the term ‘marginal propensity to consume' (MPC) and the ‘averag
A firm sells its product in a perfectly competitive market where other firm charges a price of $90 per unit. The firm's total costs are C(Q) = 50 + 10Q + 2Q2. How much output shoul
casual factors of traditional business cycle and its effects on the sectors of the economy
Store of value - Economic functions of money If you are a fisherman and have a temporary surplus of fish that you want to store for the future, storing the fish might not b
Q. Explain Reversed Say's Law? In the cross model, supply should instead follow demand. Cross model not only rejects Say's Law, it turns it entirely upside down. In the cross m
is there a graph for says law?
What is Consumer Price Index CPI is a price index of a specific basket known as the CPI-basket. CPI-basket contains essentially all the service and goods consumed in a country
how to maintain equilibrium gdp in foreign trade
Q. Discuss about the factors affecting the Price Elasticity of Demand. a. Availability of Substitute- Availability of close substitute is important determinants of elasticity of
Explain the adjustment to the new equilibrium price from an increase in demand.
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