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What are the factors that producers in the society may take into consideration when deciding on the what to produce,how to produce and for whom ?
what is the definition of economic system?
4) The prevention of major swings in economic activity can be handled most easily by the A. household sector B. business sector C. financial sector
Derived demand and Demand schedule: D erived demand is where the demand for a final product leads to the demand for a second product which is used to produce this final p
the full detailed of market structure their characteristic ,sources with clear explanation
Ask factor affects elasticity of demandquestion #Minimum 100 words accepted#
Phillips Curve and Inflation-Unemployment in policy making : In the General Theory (Keynes, 1936) we noted that the state of expectations was taken as given. There was, in ad
Ask quesThe market demand for brand X has been estimated as Qx = 1,500 - 3Px - 0.05I - 2.5Py + 7.5Pz where Px is the price of brand X, I is per-capita income, Py is the price of
Question 1: (a) Describe the three different ways of calculating national income. (b) Does the National Income figure accurately reflect the living standardof a population?
BUREAUCRATIC PROBLEMS: Bureaucratic problems encountered as hurdles in the implementation of economic policies are listed below: • Low levels of efficiency, effectiveness,
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