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law of diminishing marginal returns does not hold then output of the world can be produced in a flower pot. Explain?
Amartya Sen''s concept of poverty and welfare.
Features of bureaucracy: Impersonal Order: The authority is inherent in the post and not the individual who performs the official role. An official is supposed to have a det
my q is dat how can we find mathematically dat a production function is concave?
What are the types of demand
1. Moving from an economically inefficient to efficient allocation of resources will necessarily increase benefits by more than costs. 2. There are two demand curves for a pri
What are the factors that determine the volume of production?
Biochemistry is regarded a dull topic. Not many learners like to research it in school since it includes a thorough comprehension of issue and clinical changes in the framework, fr
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Market failures (even when they do not have international external effects) i) Self-fulfilling bank runs, government debt runs, currency crises. ii) Liquidation costs of li
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