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explain how inflation could reduce the efficiency with which prices allocate resources.
QUESTION (a) Explain what factors might determine the level of investment in an economy. (b) ‘If investment increases it will cause an increase in income. If income increase
What is culture and human capital? Human capital is the knowledge, experience and skills of employees and can be raised by investing into education, job training and health
#sources of oligopolyn..
How does economic system influence the development process? The development experience of free market or capitalist and command as socialist/communist countries is extremely d
why do companies privitise? what is the objectives of privitisation? what are the advantages and disadvantages of privitisation?
A. The correct duopolistic firm equilibrium o/p and price B. Equilibrium profit
You are evaluating two (mutually exclusive) methods of strip-mining a resource-rich area. The alternatives are very similar, though one important difference is in the scale of the
What is Monopoly and how does it affect the economic postively and negatively?
QUESTION (a) What are the characteristics of command and market economies? (b) In a number of countries in recent years, there has been a movement towards a greater reliance
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