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What are the benefits of leaving the allocation of country resources to the price mechanism?
Ans) The main conditions needed are:
1. Either a finite number of agents or goods.
2. No externalities - That is, the consumption of one person should not harm or advantage anyone else.
3. No matter how much a one is consuming, they must be capable to be made slightly happier by consuming a bit more of something.
There is always variation in demand and supply of product. The protection against such unpredictable variations can be done by means of buffer stocks. a. Changes
- This is a project in which you have to create a business plan. The aim for the creation and development of a business plan is to ensure that all critical parts of a new company o
The sales counter next to the soft toy display in Shambles receives a customer every 2-4 minutes. Most of these customers (80%) are buying toys and are dealt with by the cashier i
The business boom of the 1920s made people overly confident thus; they invested their money in risky stocks and deals. In addition, banks made careless loans and soon failed when p
Objective of Maintenance Management 1. Minimizing the loss of productive time because of equipment failure i, e, minimizing idle time of equipment due to break down) 2.
Drawing upon examples from your experience of team working in organisations or in classroom activities, identify two key theories, concepts or models that have helped you to
You just got an important request from the organization's President to conduct an audit of the company's current appraisal system. By far the most problematic and volatile issue a
Illustrate the term accounting? Accounting: It is an art of classifying and recording data. Here, the data considers to transactions consisting of monetary or financial v
How is Grievance defined? A Grievance may be described as any feeling of dissatisfaction or discontent, whether expressed or not expressed and whether is valid or not, occur ou
give a full report on the tactics and strategy on a start up business
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