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Q. Central Planning of economic system?
Central Planning: An economic system in that crucial decisions regarding consumption, investment, exchange rates, interest rates and price determination are made by central government planners (instead of determined by market forces)
what are the variables to be included in the social welfare of a country?
What is optimal choice of consumer according to consumer behavior? Consumer's Optimal Choice: In the fundamental problem of preference maximization, the set of affo
give me three exceptional supply curves
Economists view depreciation as capital consumption for them, there are two distinct ways of charging for depreciation (1) the depreciation of equipment must equal its opportunity
Explain how a country can peg (fix) its currency to another currency. Explanation of a pegged/fixed currency should centre on how the central bank uses the currency market mech
excess reserve make a bank less vulnerable to runs.why
bain''s model of limit pricing with diagram
ADVANTAGES AND DIS ADVANTAGES OF MONOPSONY
INDIVIDUAL DEMAND * Price Changes - Using figures developed earlier, the impact of a change in price of food can be shown by using indifference curves. Effect of Price
TRADE policy: The well known economist D. H. Robertson has immortalized the role of trade in development with his famous statement that "trade is an engine of growth". The pol
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