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Short run equilibrium - Perfect competition: In the short-run, the perfectly competitive firm maximizes its profit by producing output where MC=MR=P. This is shown in the diag
What is the difference between price value and price level? Price value is the value of commodity bought by the consumer at a certain price from the market, while, price level
diagram of extension and contraction in demand?
Is economics an art or a science
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Sources of Economic growth: Human resources: Investment in human capital is considered as an important factor for economic growth. This is done by increasing the quality of
derivation of demand funcation using indifferance curv ordelreay and competed demand curv
International trade: International trade refers to the exchange of goods and services between countries. Goods sold to other countries are referred to as exports and goods bou
Why some country saving less and consumption more?
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