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Export Entrepreneurship:
This need be developed by providing necessary facilities and making export an attractive and profitable business proposition. In this connection, it is necessary to adopt what has been called the 'Olympic Approach', i.e., to pick the best of our producers and the best of our exports people who have made the grade and give them all the facilities to improve their exports.
Use Appropriate Technology:
It must be realised that a mere expansion of capacity for export production is not enough; it must be based on appropriate technology to enable us produce 6-Sigma quality products (6-Sigma indicates virtually zero defect products) so that products can stand competition in international markets.
Difficulties in Measuring Cost 1) Output data may represent an aggregate of different type of products. 2) Cost data may not include opportunity cost. 3) Allocating c
is south african economic system more allocative efficient?
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i want an application on indifference curve of a specific firm? can i get it easily?
what is direct utility in micro economics?
How can we calculate the Inflation rate Inflation: The rise in general prices and the decrease in value of money. Inflation is a sustained increase in the general price level
would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?
The "Battle of Sexes" is a famous game. The story is that a couple tries to decide what to do on a Friday evening. The girl prefers to go to an Opera and the guy prefers to go to t
Using tools of indifference curve, highlight on consumption in business economics.
Explain the roles of economics theory. Roles of Economic Theory An economic theory has three probable roles: a. This can be used to describe economic behavior and economi
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