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Features of Planned Economy
The command economies relies exclusively on the state. The government will decide what is made, how it is made, how much is made and how distribution takes place. The resources - factors of production - on behalf of the producers and consumers. Price levels are not determined by the forces of supply and demand but are fixed by the government.
Although division of labour and specialisation are found, the planned economies tend to be more self-sufficient and tend to take part in less international trade than market economies.
Shifts in demand curve Shifts in the demand curve are brought about by the changes in factors like taste, prices of other related commodities, income etc other than the price
REMEDIES FOR UNEMPLOYMENT The measures appropriate as remedies for unemployment will clearly depend on the type and cause of unemployment. Broadly they can be divided into:
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What do you mean by the fiscal policy? What are the instruments of fiscal policy? Briefly comment on India's fiscal policy.
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Let Consider an economy with three states. The following set of stocks is traded: x 1 =(2,2,0) x 2 =(1,0,3) x 3 =(0,2,4). The t=0 prices of these stocks are give
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Case studies and research papers on williamsons model of managerial discretion
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