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No new substitutes for the commodity If some new substitutes for a commodity appear in the market, its demand normally declines. This is quite natural, since with the availabil
Variable Reserve Requirement (Cash and Liquidity Ratios) The Central Bank controls the creation of credit by commercial banks by dictating cash and liquidity ratios. The ca
Gains From International Trade The gains from International trade are to make the participating countries better of than they would have otherwise been. This will be the res
when firm can achieve optimization
FACTORS AFFECTING THE ABILITY OF TRADE UNIONS TO GAIN LARGER WAGE INCREASES FOR ITS MEMBERS The basic factor is elasticity of demand for the type of labour concerned. The ela
Disadvantages of Mixed Economy Large monopolies can still exist in the private sector, and so competition does not really take place There is likely to be a lot of bureaucr
what are the instruments variable of marrise''s model?
Explain how managerial economics is useful for decision making
Explain the concept of externality in economics? Give one example of a positive and a negative externality in Australia.
demand for sting ray
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