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Q. Explain about Neoliberalism?
Neoliberalism: A modern, harsher incarnation of capitalism that became dominant globally beginning in early 1980s, largely as a reaction to international economic and political problems encountered at the end of the post-war‘Golden Age'. Neoliberal policies have emphasized deregulation (including labour markets), globalization, privatizationand strict monetary policy.
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Profit maximization is theoretically the most sound but practically unattainable objective of business firms. In the light of this statement critically appraise the Baumol’s sales
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