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Separate Administrative Set-up for Exports:
It may be worth examining the setting up of Foreign Trade Board, similar to what obtains in Japan (JETRO) and South Korea (KETRO). Further, a professional cadre for export may also be created as a part of the administrative services in the form of an Indian Foreign Trade Service (IFTS). Candidates specialising in export services will need to be trained in a whole range of professional skills such as international marketing, export incentives and investment management, export administration and regulatory implications. There is a need to develop synergy between large-scale sector and small-scale sector.
Explain externality, how can government intervene to achieve allocative efficiency in case of external cost or external benefit? Answer The term externalities refers to bot
Value Added:Value added in a particular stage of production equals value of total output, less the value of intermediate products (comprising raw materials, capital equipment and o
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The Budget Line The line BB gives the persons budget constraint. It is described by the linear equation c + wl = w; which can be rewritten as c = w - wl: The budget li
give assumption, rules/formulas and demonstrate that ramsey prices are the seconnd best pricing. explain clearly.
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Differentiate the definition of economics as given by Prof. Marshall and Prof.Robbins. Illustrate the concept of production possibility curve .How PPC is helpful to solve econom
1 Differentiate between a firm and a market. 2 Graphically illustrate (i.e. draw) and explain the relationship between the market demand curve and the individual firm's demand c
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