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Externalities: Many economic activities have collateral effects (at times positive, but more often negative) on other people who aren't directly involved in that activity. Illustrations of externalities include pollution (which imposes a cost on natural environment and everyone who uses it), congestion (it slows down travel and productivity) and spill-over impacts of major investment or plant closure decisions.
concepts of suply
What are the economic implications of income inequality? How can economic theory be helpful to analyze the causes and impact of income inequality? What are the concerns and how the
PLEASE GIVE ANY ONE TOPIC OF ECONOMIC WITH ANSWERS
Q. What do you meant by Progressive Tax? Progressive Tax:Tax is considered progressive if a larger proportionate share of its total burden falls on individual'swith higher avera
what is the explanation about supply analysis?How to understand?
illustrate and discuss the implications of various market structures (competitive and non-competitive) for price determination
risk describe,prefrence towards risk,the demand for risky assets.consumer behaviour under asymmetricinformation
SHORT PERIOD ANALYSIS: Short period in production refers to a time when some inputs remain fixed. A fixed input is one, whose quantity cannot be changed readily, whereas, a va
Costs: If raw materials, machines and other things required for production could be made available freely then the study of the theory of the production and indeed, the study of
1. Suppose that Mr. John has the following Cobb-Douglas utility function U = 6X^2/3y^1/3 the market price of X and Y commodity are $1 and $2, respe
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