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circular flow of income in a frugal economy
eiplain why indifference curve are convex to the origin
Problem 1: "The public sector needs to be reformed so as to meet the challenges of the day." With special reference to Mauritius, discuss the challenges that the public sect
three basic economics difference between them and definations
It has been accepted to most policy and development economists that among the most important sets of institution in an economy are those that provide for enforcement of contracts.
(b) Assess the application of Kaldor’s compensation principle in resolving Pareto non-comparability and explain how the principle differs from the Hick''s compensation principle
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explanation and justify the condition of pareto optimality and verify the defination of contrect curve. statment; reallocation of the resources from 1 efficient point to another ef
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
what are the costs and consequences of providing the subsidies and welfare?
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