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Economic instruments Financial rewards, incentives and penalties that operate automatically via market forces, to encourage beneficial behavior.
Production Process: Production is a process that transforms factors of production or inputs into output of goods and services. Production may be classified into extraction, ma
What are the uses of elasticity’s to the public sector and private sector?
Creating Mobile Telephone Infrastructure: The second concept of subsidising the telecom infrastructure required for providing services in rural and remote areas is designed to
llustrate and explain the changing demand gor big Mac using the indifference curves and budget line
Example: The Value of Clean Air Air is free in sense that we do not pay to breathe it. Question: Are benefits of cleaning up air worth the costs? People pay extra to buy
what is production possibility curve?
Ask questMicroeconomics Reference No.:- #Minimum 100 words accepted#
why the PPC curve slopes downward?
During summer of 2006, China increased their reserve requirement for the banking system while maintaining a fixed target for the interbank lending interest rate. Draw a graph of th
How does the production possibilietes curve relate to present day economics?
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