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Select a news article dated within the previous two months and analyze the issue using the economic concepts and theory learned in this class
what is market economy and how it solve the central problem
What should be the decent/appropriate growth rate in any country? Answer: A growth rate of among 2-3% is considered normal for mature developed countries; for LICs, 5-7% is
Wage Labour: A form of work in that employees perform labour for others, under their direction, in return for salaries orwages. Employer controls and owns the product of the labour
What is the theory of second best? Prove the theorem with the help of a diagram
Benefits of Education The returns a person/society (state/government) gets from acquiring education is referred to as benefits from education. If such returns are paid/receive
Disposable Personal Income The amount of cash remaining after taxes are removed that an individual has the opportunity to spend.
What is a Market? Markets A geographically stated area where buyers and sellers interact or communicate to decide the price of a product or a series of products. Marke
where does stage 1 end?
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