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Five uses of elasticity on the Public Sector and five uses of elasticity on the Private Sector.
Business sell to households in the resource markets, but households sell to businesses in the product market
factor afecting the demand for durable product
Change in the population of consumers: Population changes may affect the demand for a commodity.Areas of high population may demand more of certain commodities than areas of low
Briefly discuss the components of macroeconomics system with suitable explanation
How might one assess if a country in experiencing both growth and development? This is a matter of explaining clearly both growth and development; growth is an enhance in GDP (
What are the two main forms of economic distribution? What is the difference between them? The two major forms of economic distribution are exchange and transfer. Exchange in
The reason that an entrepreneur supposes the risk of starting a business is to earn profits. The fundamental assumption in the theory of production is that a rational owner of a b
What is the formula for heat and how do you solve it?
Distinguish among the terms of trade and the balance of trade for a country. Definition of terms of trade a) The amount of a given amount of export goods essential to buy
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