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With a background from the previous section we now study some of the critical characteristics of policy process. You have already studied earlier various technical theories relatin
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with the aid of labelled production possibilty frontier explain the concept of opportunity cost
Q. Define Heterogeneity? We know that breaking of the assumptions of homogeneity of agents, in welfare economics, makes it difficult to define social welfare function. Breakin
Question 1: Examine the essential elements of modern democratic societies. Question 2: State the various ways in which the participation of people is achieved in a demo
Explain how the price system answers the five fundamental questions of economics, and talk about at least two of the short-comings of the capitalist price and market system.
Theory of optimal tax system is relevant for tax policy issue
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Question 1 Legislature, most commonly known by the name parliament, forms the first important organ of a political organization and to hold this position it performs certain func
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