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Q. Describe about Capitalism?
Capitalism: An economic system in that privately-owned businesses and companies undertake most economic activity (with the goal of generating private profit) and most work is performed by employed workers who are paid salaries orwages.
What are the factors that producers in the society may take into consideration when deciding on the what to produce,how to produce and for whom ?
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Q. What is Free Trade Agreements? Free Trade Agreements:It is an agreement between two or more countriesthat eliminates tariffs on trade between the countries, reduces non-tari
The owner of the sole stage-theatre in the city of Vordervilla has found through experience that the cost of running his 600-seat theatre remains virtually the same irrespective
Problem: a. With the help of diagrams, describe how the price and quantity of potatoes will change under the different circumstances: (i) A severe drought affecting its pro
Problem 1: (a) Explain the common set of problems that developing countries usually face. (b) In your opinion, which of the problems described in part (a), are more signifi
Demonstrate mathematically that the equilibrium condition MRS PB PA is the equivalent of the utility-maximizing rule MU AP A MU B PB .
how to solve Min (x+y/2, 2y+x, 3x)
diffence b/n fixed and variable input
Ben prefers the mixed consumption basket x+y to either 2x alone or 2y alone. But as between the latter baskets, he would rather have the 2x. Do the fact stated indicates the axiom
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