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Concepts used in macroeconomic analysis, economics, Microeconomics
what is ratios GNP?
what is use of models in macroeconomics?
Posted Date: 3/6/2012 12:11:06 PM | Location : United States
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Labour supply, Discuss how the opportunity cost principle influence a suppl...
Discuss how the opportunity cost principle influence a supplier''s decision to supply labour
Cross-price elasticity of demand, Cross-Price Elasticity of Demand is expla...
Cross-Price Elasticity of Demand is explained below: Cross price elasticity of the demand is the percentage change in the quantity demanded of a particular good, with respect t
What is modern economics, What is Modern Economics? Modern Economics: ...
What is Modern Economics? Modern Economics: Modern economics mostly developed within last sixty years, methodically studies individuals’ economic behavior as well as econo
Money creation process, The Money Creation Process is explained below: ...
The Money Creation Process is explained below: We can now study the money supply or the creation process. Suppose the government wishes to buy pencils worth Rs. 10 for the offi
What is yuen’s profit function, Yuen, a travelling salesman for snake oil, ...
Yuen, a travelling salesman for snake oil, can produce the stuff at a marginal cost of 1. There are 100 potential customers in Vernon, each of whom has the following demand functio
What do you mean by consumption set, What do you mean by Consumption Set? ...
What do you mean by Consumption Set? Consumption Set: We notice a consumer faced along with possible consumption bundles within consumption set X. We generally assume that X
Moving average methods, Moving Average Methods: Under this methods the movi...
Moving Average Methods: Under this methods the moving average to the sales of the past years is computed. The computed moving average is taken as forecast for the next year or peri
Market supply and increase in supply, Market supply and Increase in supply:...
Market supply and Increase in supply: Market supply is the total quantity of a product that all firms in an industry are willing to offer for sale at a given market price an
What do opponents of globalization protest against, Problem : "The beli...
Problem : "The beliefs that free trade favors only the rich countries and that volatile capital markets hurt developing countries the most have led activists of many stripes
Features of monopolistic competition, Features of monopolistic competition:...
Features of monopolistic competition: Large number of firms in the industry. There are many small firms each supplying only a small share of the total market output. Hence, no
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