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The benefits of increased openness in trade.
Narrowly defined, trade openness is lowering trade barriers - facilitating increased imports - whereas focusing on international export markets. Advantages include choice/consumption etc for consumers, whereas firms have access to a broader (international) market. Society gains from economic growth, improved resource allocation and the spread of knowledge/technology.
Economic Growth: Economic Growth refers to an increase in real aggregate output (real GDP) reflected in increased real per capita income. A country is said to experience econo
illustrate and explain using diagrams how a single seller within the market can maintain an inefficient allocation of resourcesquestion #Minimum 100 words accepted#
Clearly explain the distinction between supply, demand and equilibrium price.
"price is becoming cheaper,yet the demand for car is not rising".does it mean law of demand is not operative?
Question: (a) Explain the factors that contributed to the adoption of structural adjustment programme by a majority of Least Developed Countries in the 1980s? (b) Describe t
QUALITY OF EMPLOYMENT : Productivity of Employment In a poor country like India being employed does not by itself necessarily ensure a decent level of living. In 1999-2000 th
Measure Inflation : There are two common methods of measuring inflation: (i) percentage change in price index numbers (PIN) , and (ii) change in GNP deflator. The tw
Economic appraisal - Appraisal , which seeks to quantify, and where possible calculate the welfare impacts from, the costs and benefits of a project or policy.
2) Proctor & Gamble (P&G)
discuss the term of price mechanism,give examples to elaborate the concept clearly
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