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CONSUMER CHOICE INVOLVING RISK: The traditional theory of consumer behaviour does not include an analysis of uncertain situation. Von Neumann and Morgenstern showed that under
Reasons for International Trade?
How elasticity is always referred to as a positive value even though it can be negative? In economics, elasticity is measures of the incremental percentage change in single va
Banks: A company which accepts deposits and issues new loans. It makes profit by charging more interest for loans than it pays on deposits, and through several service charges. By
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
to prepared a projects
What is micro static analysis?
"price is becoming cheaper,yet the demand for car is not rising".does it mean law of demand is not operative?
What are the causes of emergence of monopoly?
Explain the micro and macro economic issues that can be represented on the PPC
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