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Explain the Human Development Index
Introduced by the UN in 1990, the index take into account not only the goods and services formed but also the ability of a population to use these and the time they have to enjoy them. It is a composite index based on real GDP per capita (PPP), life expectancy at birth and educational achievement that calculates socio-economic development.
if marginal cost descreases then what else is effected by this
derivation of demand curve
The economic model forecasting involves estimating several simultaneous equations which are generally behavioural equation mathematical identities and market clearing equations. T
what is the theory of second best? prove the theorem with the help of a diagram.
Explain the detail central problem of an economy?
Mr. Smith can cause an accident, which entails a monetary loss of $1000 to Ms. Adams. The likelihood of the accident depends on the precaution decisions by both individuals. Spe
prove that the utility approach and the indifference curve approach yield the same consumer equilibrium
What are the uses of elasticity to the private sector
Summarize the four supply factors in economic growth.
Determinants of Social Demand for Education - Equity Perfect equality is not observed in any society. Hierarchy in status, standards of living, capacities for effective demand
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