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Public Economics can broadly be understood as that Economics which deals withpublic intervention in the economy. Its domain is supposed to encompass rationalefor public intervention as well as manner, approaches, mechanisms, forms,processes and instruments whereof. Term ‘public' has a restricted meaning: itnormally connotes government, as such, at all levels as well as public bodies, that is,bodies floated by the government at any level. Term ‘public' may also refer,in certain cases such as public choice, to the people in general, which are supposed toparticipate in a democratic process of electing political representatives and options related to political/social/economic spheres. It doesn't however connoteany collectively of people, which isn't mandated by government, irrespective ofits size.
Q. Is Heterogeneity the sole cause of conflict of interests? Explain heterogeneity as a cause of variation of aspirations of agents leading to formation of various special inte
Q. Describe ex-ante heterogeneity? First conflict reflects heterogeneity among agents due to different policy preferences. Individuals or agents are heterogeneous in a number o
why is public finance important?
what could I write for pharigraph 2 on why a bully bullies
Question 1: "The only social responsibility of business is to increase its profits" wrote Milton Friedman, Economics Nobel prize winner, in an article in the New York Times Mag
1. is pareto improved demonstrated using the edgeworth box daigram?
Suppose a given demand curve for massage therapy services. In the context of giving massage therapy services, list, and explain in detail, 5 different variables that may cause an i
Types of production function
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Case for Improving upon the Market System Unlike the "optimistic followers" of the "classical school" who believed that markets would "natural!yn or "automatically" prod
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