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Physical Capital: A tangible tool, machine, building or other productive asset that is used to produce other goods or services.
Pollution: Many economic activities involve discharge of waste products (which includes solid waste, air pollution, and water pollution) into natural environment, as a negative side-effect of production.
Factors that calculate price elasticity of demand: The proportion of Income spent on the Commodity If the price of a good is relatively low such the expenditure on it is a
STETE THE THEORIES OF DETERMINATION OF RENT
explain normal profits
Traditional inventory control based on the calculation of EOQ At this point, it is worth considering some of the problems faced by companies using the simple inventory model
what is the indirect utility function equation
Conditionality: International financial institutions (such as World Bank andInternational Monetary Fund) usually attach strong conditions to emergency loans they make to developing
explaination of quasi rent theory
unemployment is voluntary, discuss in view of the classical economists and the keynesian
PARALLEL ECONOMY: What is in popular parlance known as black money, and is, misleadingly called the 'parallel' economy, (as it operates very much with and within the legal, fo
How are consequences of economists used? Economists generally use efficiency, information, equilibrium and incentive compatibility like focal points, and examine the consequenc
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