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Problem 1: i) Differentiate between the short and the long run. ii) How is production characterised the short run? Explain the fully using numerical and diagrammatic illustr
1.what is price mechanism? 2.how does price mechanism benefit an echonomy. 3.what are the characteristics of a centrally planned economy?
Types of unemployment: Frictional Unemployment: -It refers to unemployment caused by changes in individual labour markets.This is the type of unemployment resulting from peop
How have falling commodity prices affected many developing countries? Definition of commodities; raw material like copper, iron and bauxite; and agricultural goods like rice an
discuss the term of price mechanism,give examples to elaborate the concept clearly
What are the uses of elasticity to the private sector
what is consumer''s choice involving risk.preference toward risk.
ADVANTAGES AND DIS ADVANTAGES OF MONOPSONY
What caused the productivity slowdown? Observers have pointed to 4 factors--Oil prices, baby boom, increased problems of economic measurement and environmental protection expe
Solve equation P=200-Qs and Qs=4.5p +5
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