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The meaning of a market economy is in which the decision and production are prepared. The consumption of goods services are based on voluntary swap in markets.
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1. is pareto improved demonstrated using the edgeworth box daigram?
concept of indifference curve
what is an effect of nationalization on a business?
Question 1: (a) Describe and distinguish between the Linear Stages Theory and the Structural Change Models. (b) What are the limitations of each of the above two models.
Define the concept of economic growth?
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