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Explain the term economic efficiency?
Answer: Economic Efficiency means full utilization of all available resources in economy i.e. to produce the needed amount of goods and services. When economy is producing its needed amount of goods and services by utilizing all of its resources, then the economy is considered to be an efficient economy.
How has the Harberler''s theory of opportunity cost an improvment over the classical theory of trade?
equilibrium output and prince is determined in williamson model of managerial discretion ?
FOREIGN TRADE: Interdependence between the economies of the world has increased multifold. External sector in the economy has gained primeimportance. Both exports and imports
what are the uncontrolled variables you think may affect the segment of your camera
What are the major differences between the equilibrium of profit maximiser and sales revenue maximiser?
elasticity of demand of a product in different market forms such as perfect competition, monoply etc.
how slustky equation provides neat analytical expression for substitution and income effect?
Corporatism: A system for managing income distribution andwage determination, in that wage levels are determined centrally (across industries or even whole countries) on the founda
How many half-lives are required for the concentration of reactant to decrease to 1.56% of its original value?
consumers oriented application
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