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Problem 1:
(a) Explain the meaning of poverty. Briefly explain how poverty is measured?
(b) Clearly explain the relationship between Poverty, Inequality and Economic Growth.
Problem 2:
Using examples of Least Developed Countries, explain the causes and consequences of market failures.
equilibrium of production
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Labor Productivity - Labor Productivity and Standard of Living - Consumption can increase if productivity increases. - Determinants of Productivity Stock of capit
what are the limitations of economies of scale?
What is the theory of Second Best? Prove the theorem with the help of a diagram.
What is meant by non Price Competition? In which market structure does it exist? None price competition is an effort put by the supplier to earn extra profit without enhancing
Draw a Production Possibilities Frontier with consumer goods on the vertical axis and capital goods on the horizontal axis. Show how the PPF will shift if the production of capita
"price is becoming cheaper,yet the demand for car is not rising".does it mean law of demand is not operative?
what is diversification
Suppose that there are n bidders whose valuations vis are drawn independently and identically from the distribution F over [0, ?]. Describe and derive the symmetric , monotonic equ
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