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Why and how the State should intervene through government apparatusin the economic sphere of the country, has been a significant discourse in economicsfor long. According to one theory, institutions of State and private property(following which, market) came into being simultaneously. Though this theory isn'taccepted it appears very plausible that State undertook to protect private property(along with life of its citizens) and charged fees for service in terms of a proportion ofproduce, which was largely agricultural corn so that it could support its protectiveforce. Though later on, as economy of a society developed in terms of commodificationof goods, its State presumed the charge to regulate some of its economic activities orsome aspects of many activities, such as standardization of weights and measures andcoinage. Still later, State intervened in commodity market by taxing or/and subsidizing different commodities with a view to impacting on (augmenting orreducing)their demands and supplies if they weren't, in its perception, in congruence withsocietal interest. Later, one finds that many community-oriented welfare activitieswere also presumed by State directly or through its subsidiaries.
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Corporate communication can be anything from how a corporation functions internally/externally, to what is making its communications operate like call center equipment, etc.
why-this-behavior-consistent-with-size-maximizing-government
Q. Describe ex-ante heterogeneity? First conflict reflects heterogeneity among agents due to different policy preferences. Individuals or agents are heterogeneous in a number o
Case for the Market With the objective of maximising total value of output focused on observing real factors of production, through the logical 'tool of marginal produ
Consider an economy in which George and Harriet consume only ale and bread
Problem 1: i) According to you the Central Electricity Board in Mauritius operates in which type of market structure? Justify your answer. ii) Compare and contrast a perfe
Jenna's boss has decided to pay her a one-time bonus of $5,000. She decides to save the money until she retires, 4 years from now. She contemplates two savings options. Option A is
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