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What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities?
study on internet will impact on gdp
Problem: (a) "Economics is the study of how society decides what, how and for whom to produce". Describe the importance of opportunity cost to a society. (b) Distinguish bet
Give a critique of indifference curve
What are corrective taxes? Why do economists prefer them to regulations as a way to protect the environment from pollution. Discuss
Functions of Money Money performs several important functions. It serves as a medium of exchange, a unit of account, a store of value and a standard of deferred payments. In a
what is chemical analysis of iron ?
# define output#
Quality Control: Standards and standardisation, quality systems, certification and inspections, measurement systems, testing laboratories, their accreditation and calibration
difference between the cardinal analysis theory and ordinal theory
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