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Participation Rate:Proportion of working-age individuals who decide to ‘participate' in the labour force, by either being employed or actively seeking work. Precise definition of w
Question: i) Explain the main problems with government intervention. ii) Why and how do governments seek to control monopolies? iii) A country should specialise in the pr
What are the advantages of trade surplus
Ask q3x+5=20 uestion #Minimum 100 words accepted#
income=100 price of x=5 price of x2=10 find consumer equilibrium with diagram
what are the tools for decision making
what is bains theory ? describe with the diagram
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
Why elasticity is important for economic analysis? Elasticity is a significant concept in understanding the incidence of indirect taxation, marginal concepts as they relate to
what is the buying power of one''s income?
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