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What are Harrod-Domar assumptions?
The H-D (Harrod-Domar) model assumes as:
• Fixed capital output ratio. Nonetheless, diminishing marginal returns to capital element exist therefore each successive unit of investment is less productive and the capital to output ratio increases.
• Fixed savings ratio
• A closed economy. Within open economy, extra incomes may be utilized to buy imports as well as not saved.
What is the difference between wealth and income? Difference between wealth and income: • Wealth , which is a stock value that is the current value of assets for example b
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Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4 a) Many are concerned
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Draw the line of competition
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