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Physical Capital: A tangible tool, machine, building or other productive asset that is used to produce other goods or services.
Pollution: Many economic activities involve discharge of waste products (which includes solid waste, air pollution, and water pollution) into natural environment, as a negative side-effect of production.
Learning curve implies: 1) The requirement of labor falls per unit. 2) Costs will be high at 1 st and then will fall with learning. 3) After eight years the labor requ
What is inflation gap
Suppose that there is a credit market imperfection because of limited commitment. As in the setup with collateralized wealth, each consumer has a component of wealth which has valu
Neoliberalism So much thinking about the proper role of government in economic growth over the past 2 decades has tends to conclusions which are today known as neo-liberal. The
definition
What is corporate governance? Why is it important for board of directors to ensure good corporate governance within a company? Students need to define corporate governance concisel
williamson''s model of managirial discretion
Explain how unemployment could be voluntary or involuntary . Start off with a definition of the labour force and then outline the proportion of the labour force which would be
will post picture
the difference between an lc3 and other types of businesses is that
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