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Q. Distribution of income?
Distribution:Distribution of income reflects the process by which real output of services and goods produced by the economy is allocated to different groups of people andindividuals. Distribution can be measured across individuals (comparing low-income and high-income households) or across classes (comparing the incomes of workers, capitalists and small businesses).
Explain what the phrase “price rationing” means. Price rationing is the method by which the market system assigns goods and services to consumers while quantity demanded exceeds
what is basic economic problem
Organic biochemistry is really as well as biochemistry. This is because the as well as atom is the central source of all existing creature's substances. 8 protons and 8 electro
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steps for law of coservation of mass
What is the difference between GDP and GNP? Gross domestic product (GDP) is the value of the total final output formed inside a country, during a given year. GDP, like all mea
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Disposable Personal Income The amount of cash remaining after taxes are removed that an individual has the opportunity to spend.
Deadline is 20 Hours... 1. A. Explain how one derives the indifference curves from a 3-dimensional utility function. Draw a graph and explain. Which principle explains the concav
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