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Economics of Renewable Resources
Renewable resources are different from exhaustible resources in that the former is regenerated naturally and hence stock need not always decrease whenever harvesting takes place. However, if the harvesting rate far exceeds the natural regeneration rate then it may lead to a situation of stock going below the threshold level so that further regeneration is not possible.
In such instances, further harvesting would lead to extinction of the resources. Examples of renewable resources are
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Consider the Edgeworth box with the production of consumption goods B and health- investment goods I. (a) Briefly explain the derivation of the contract curve. (b) How does one der
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what is multi unit finance
For a very large part of 20 th century, we may recall, there existed capitalist market-oriented economies and socialist planning-oriented economies. 21stcentury is however witness
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Public Finance was always dealing with intervention through fiscal instruments, including federal relationships between different tiers of governments and later on it subsumed Publ
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Recent standardized test scores suggest that the Milwaukee Public School system is facing a profound moment of crisis, a reality shared by school districts in many other US cities.
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