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Why might an oligopoly be reluctant to change its price, Why might an oligo...
Why might an oligopoly be reluctant to change its price? When some large firms have high total market share and are non-collusive, there is a strong element of interdependency.
What is economics about, What is economics about? Economics: Economi...
What is economics about? Economics: Economics is a social science which studies individuals’ economic behavior, economic phenomenon, ands also how individual agents, as like
Economic reforms and industrial growth, Economic Reforms and Industrial Gro...
Economic Reforms and Industrial Growth Economic reforms were mainly intended to remove obstacles so that investment in industry may be accelerated. With this end in view, indu
Mediterranean regional project (mrp) technique, Mediterranean Regional Proj...
Mediterranean Regional Project (MRP) Technique This technique had been initially employed by the OECD (Organisation of Economic Cooperation and Development, Europe) to prepare
Determinants of social demand for education - externalities, Determinants o...
Determinants of Social Demand for Education - Externalities The state has several objectives of which welfare and development of the people are most important. Promotion of cu
Paradox of thrift, Paradox of Thrift: An individual household, governmentor...
Paradox of Thrift: An individual household, governmentor business may attempt to save money by reducing their current expenditures. Though those attempts to save, once amalgamated
Laspeyres index, Laspeyres index The Laspeyres index tells us that: ...
Laspeyres index The Laspeyres index tells us that: - The amount of money at present year prices which an individual requires to purchase bundle of goods and services which w
How can we calculate the inflation rate, How can we calculate the Inflation...
How can we calculate the Inflation rate Inflation: The rise in general prices and the decrease in value of money. Inflation is a sustained increase in the general price level
Market systems, what is a perfect competition and how does it differ from m...
what is a perfect competition and how does it differ from monopoly?
Shares and slavery, Shares: Financial assets that represent ownership of a ...
Shares: Financial assets that represent ownership of a small proportion of total equity (or net wealth) of a corporation. Shares can be sold and bought on a stock market. Slaver
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