Scarcity choice and opportunity cost, Microeconomics

(a) Differentiate between a  command economic system and a laissez-faire.

(b) Assess to what extent it is advantageous for an economy when it moves from a controlled to a free-enterprise system.

(c) Describe the relationship between scarcity choice and opportunity cost.

(d)  One major objective of various firms is to grow big in size.  Explain why this is so.

Posted Date: 10/21/2013 5:42:00 AM | Location : United States







Related Discussions:- Scarcity choice and opportunity cost, Assignment Help, Ask Question on Scarcity choice and opportunity cost, Get Answer, Expert's Help, Scarcity choice and opportunity cost Discussions

Write discussion on Scarcity choice and opportunity cost
Your posts are moderated
Related Questions
What are the differentiated conditions of economic issue? While discussing an economic issue, this is very important to differentiate between: (a) Two types of conditions: e

williamson''s model of managirial discretion



an emission fee levied against polluting firms will tend to shift the supply/demand curve of the firm/product to the left/right?

Gay Lussac''s law of gaseous volumes: While gases react with each other they always do so in volumes that bears a simple ratio to one and another or to the volumes of the products

What is the purpose of the IMF and why might the IMF be called the “lender of last resort”? Discuss how three of the tools they use for establishing economic stability in a country


what are jobs of the department of justice and the federal trade commission in business pratices.

Growth of Agricultural Production and Productivity: Post-independence period was marked by severe and recurrent shortages of foodgrains. Dependence on imports of foodgrains wa