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What are Harrod-Domar restrictions?
• Non economic social, cultural, political and institutional circumstances are unimportant into growth process
• While capital formation is significant the development of human capital and effective use of latest technologies also raise Gross Domestic Product. Investment is an essential but not adequate condition for improvement
• Suppose closed economy. Within open economy, additional Y might be used for M and not S
• This is complicated to stimulate the desired level of domestic savings
• Meeting a savings gap through borrowing through overseas cause’s debt repayment difficulties later.
• The sector structure of the economy significant (that is agriculture verses industry verses services).
An organization that manages the creation and dissemination of rules and standards in approximately every U.S. business division. ANSI is also keenly involved in the accreditation
Analyse the effect of contraction phase to the vulnerable society
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Consider a Cournot duopoly. The market demand is p=190-q1-q2. Firm 1's marginal cost is 40, and firm 2's marginal cost is also 40. There are no fixed costs. A. Derive every fir
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