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What is meant by dumping? Dumping is when a producing country dumps goods on foreign markets at a price lower than either the price on the home market or below the cost (HL: ma
assignment
What are the advantages of leaving the allocation of a countrys resources to the price mechanism? Ans) The main conditions needed are: 1. Either a finite number of agents or pr
brife note on demand
Elasticity is a term broadly used in economics to signify the “responsiveness of one variable to changes in to another.” Types of Elasticity can be explained as follows: Th
What is checkable bank deposits?
This involves the characteristics of the production human as well as non human using the product concerned. For example it may pertain to the number and characteristics of children
discuss and illustrates the following terms with diagrams1.inferior goods.2.normal goods,3.giffen goods
i when should continue to produce in the short run
Why some country saving less and consumption more?
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