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Burden of the national debt
The extent of the burden on a nation of public debt, depends in the first place on whether it is an external or an internal debt. The burden of the national debt to the community can be approximated by the cost of serving it. The cost of servicing the public debt can be calculated:
i. Per head of the population, or
ii. As a percentage of government revenue, or
iii. As a percentage of the national income.
Whichever method used, the National debt shall have the following burden on society:
What are the essential conditions for perfect completion? Two essential conditions for perfect competition are as given below: a. Various producers, none of whom have a hug
Determine the Specific Place of demand The demand should relate to a specific market as well. For instance, every year in the town of Dehradun, demand for school bags is 4,000
explain perspective of managerial economics
Let Consider an economy with three states. The following set of stocks is traded: x 1 =(2,2,0) x 2 =(1,0,3) x 3 =(0,2,4). The t=0 prices of these stocks are give
Aside from the price of a product and its substitutes, another significant element of demand for a product is consumer's income. As noticed previously, relationship between demand
Features of this system The mixed economy includes elements of both market and planned economies. The government operates and controls the public sector, which typically cons
Can identity economics explain some patterns observed in the Australian economy
Industry Paper: As a partial requirement for this course, you will have to submit a paper on an Industry of your choice. This is a highly structured paper, which consists of: 1.
Price Elasticity of Demand Is the responsiveness of the quantity demanded to changes in price; its co-efficient is Pe d = Proportionate change in quantity demanded
State the Meaning of managerial economics Managerial economics, used synonymously with business economics, is a study of economics that deals with the application of microecono
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