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Identify the four essential economic activities.
The four main economic activities are:
a) resource maintenance,
b) production,
c) distribution, and
d) consumption.
What are the various forms of aid a developing country might receive? Here the student must show clearly the difference between grant (donor) aid; reciprocal (tied) aid; bilat
THEORY OF COSUMER BEHAVIOUR: BASIC THEMES: We elaborated two classical theories (viz. Cardinal Approach and Ordinal Approach). In ordinal approach discussing the indifference
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Random sampling is a technique for sampling which we can select a group of subjects or a sample for study from a larger group or a population. Each entity individually is chosen en
The circular flow diagram is used to represent the interdependence that exists between sectors of the economy. The diagram illustrates that there are various collections of same e
Paradox of Thrift: An individual household, governmentor business may attempt to save money by reducing their current expenditures. Though those attempts to save, once amalgamated
price quantity 10 60 20 70 30 90 40 110 50 130 derived a supply function for the relation between price and quantity
compare the concept of MRTS with the MRS and discuss the similarities and difference between them?
use a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labour on an increase in immigration..
In the diagrams related to bandwagon effect, why do we say when the price is 30$ the demand is 40?
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