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Assess whether market economies have been more successful than planned economies in providing welfare for citizens.
The student is expected to outline some of the basic issues of welfare in the planned and market economies and subsequently submit a reasoned answer as to which has been most successful in meeting the goals. A standard solution - but a good one nonetheless - would put forward that planned economies have been successful in general in the provision of merit and public goods, and have also been able to decrease income inequality.
what is the relation ship between mp,tp,ap
What do you mean by the utility function? The Utility Function: Sometimes this is easier to work directly along with the preference relation and its connected sets. Althou
Syndicated and organized oligopoly
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Private and Social Benefits Private benefits are those which accrue to an individual. They may be both monetary and non monetary, direct and indirect. Earnings of an individua
An increase in the scale means that all inputs or factors are increased in a given proportion. Increase in the scale thus occurs when all factors or inputs are increased keeping fa
This is a very common methods of forecasting demand. Under this methods a relationship is established between quantity demanded( dependent variable) and independent variables such
Labour Supply:Total number of workers available and willing to work in a paid position; generally measured by the labour force(even though the labour force usually excludes many wo
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lung run eqiulibrium
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