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Explain the detail central problem of an economy?
illustrate and discuss the implications of various market structures (competitive and non competitive) for price determination
#limitations of time series analysis
Monopoly is that form of market where there is only one firm producing a particular product. Being the sole supplier, the monopoly firm has the power to control prices and output t
market failure
meaning of opportunity cost
Explain the term Fordism Between approximately 1890 and 1930-or perhaps 1890 and 1950-a host of innovative technologies and business practices were adopted in the US. Europeans
If producers expect future prices to enhance, current supply will decline in favor of selling inventories at higher prices later. In other words, supply will reduce (a shift to th
will post picture
what is ment by demand
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