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Households: The fundamental unit of individual economic behaviour. Households offer labour supply to labour market, make consumer purchases,earn income (from employment and other sources) and care for each other through unpaid labour within the home.
what is the theory of second best ? prove the theorem with the help of a diagram .
Difference between accounting profit and economic profit: The difference between accounting profit and economic profit is that economists include in total cost of production b
Question 1: a) Describe the different types of unemployment that exist. b) Critically examine how monetary policy will be used to deal with inflation. c) Critically deter
The economy, however, is facing inflationary pressures. To deal with the macroeconomic problem, the government uses expansionary fiscal policy to decrease taxes and, as an indirect
Non-Tradable:Some products can't be transported over long distances or otherwise sold to consumers from far-off locations. These products (including some goods as well as most serv
unique product
Students at XSU cannot register for english classes. Is this a situation of shortage or surplus of classes? Explain. Also would you expect market forces to do to tuition?
what do you understand by demographic window acess by india
what is the example of this law
how slustky equation provides neat analytical expression for substitution and income effect?
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