What are the differentiated conditions of economic issue, Microeconomics

Assignment Help:

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: essential and sufficient conditions for a statement to be accurate and

(b) Two forms of statements: positive analysis and normative analysis.

This is easy to confuse the difference between essential conditions and sufficient conditions, a problem which results frequently in incorrect conclusions.


Related Discussions:- What are the differentiated conditions of economic issue

What are the two main forms of economic distribution, What are the two main...

What are the two main forms of economic distribution? What is the difference between them?   The two major forms of economic distribution are exchange and transfer. Exchange in

Concept of diminishing returns, in aid of a diagram explain the concept of ...

in aid of a diagram explain the concept of diminishing returns in production

Xbox games demanded, Think about the demand for the three popular game cons...

Think about the demand for the three popular game consoles: XBox, PS3, and Wii. What is the effect on the demand for XBox games and the quantity of XBox games demanded if, other th

Example on lotteries in the united states, Most lotteries in the United Sta...

Most lotteries in the United States pay their winnings over time. For illustration, a million-dollar winner will receive $100,000 initially and the rest in equal installments over

Write down the classical linear regression model, Question: (a) Write ...

Question: (a) Write down the Classical Linear Regression Model (CLRM) and explain its assumptions in detail. (b) The following data relating to information collected on

Chamberline approach, a more simple explanation of the group equilibrium in...

a more simple explanation of the group equilibrium in the short and long run

Theory, who propounded the pure international theory of trade?

who propounded the pure international theory of trade?

Define about mutual fund, Q. Define about Mutual Fund? Mutual Fund: A f...

Q. Define about Mutual Fund? Mutual Fund: A financial vehicle that involves pooling investments in the shares of many different joint stock (or publicly traded) companies, in o

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd