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The Bandwagon Effect
- This is desire to be in style, to have a commodity because almost everyone else has it, or to indulge in it.
- This is major objective of marketing and advertising campaigns (such as toys, clothing). Positive Network Externality: Bandwagon Effect
COMBINED FINANCES OF UNION AND STATES: Taxes on goods and services are levied in India in various forms and at different levels of Government, Centre, states, and local bodies
PLEASE GIVE ANY ONE TOPIC OF ECONOMIC WITH ANSWERS
what is the law of diminishing marginal product? explanation with the help of proper schedule and diagram.
explaination of quasi rent theory
Determinants of the Income Elasticity of the Demand: The determinants of income elasticity of demand are given below: The Degree of necessity of the commodity.
How economic theory explain optimum pattern of consumption for an individual consumer
Name the five types of capital. The five types of capital are: natural capital, manufactured capital, human capital, social capital and financial capital.
consumers oriented application
What is the difference between Price inflation and Wage Inflation? Price inflation is the rate of enhance in the prices of goods and services whereas the wage inflation is ra
explain how macro and micro issues may be represented using production possibility curve
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