What are the differentiated conditions of economic issue, Microeconomics

Assignment Help:

What are the differentiated conditions of economic issue?

While discussing an economic issue, this is very important to differentiate between:

(a) Two types of conditions: essential and sufficient conditions for a statement to be accurate and

(b) Two forms of statements: positive analysis and normative analysis.

This is easy to confuse the difference between essential conditions and sufficient conditions, a problem which results frequently in incorrect conclusions.


Related Discussions:- What are the differentiated conditions of economic issue

Examine the factors that influence a country s exchange rate, Examine the f...

Examine the factors that influence a country s exchange rate. Suppose and define a floating exchange rate, the major issue here is to outline the factors influencing the supply

Consumer=m, consumer=m with the help of indifference curve analyis

consumer=m with the help of indifference curve analyis

Short run versus long run, The Short Run versus long Run - Short-run: ...

The Short Run versus long Run - Short-run: Period of time in which the quantities of one or more production factors cannot be changed. These inputs are called as fi

Production function and returns to factors, what is the law of diminishing ...

what is the law of diminishing marginal product? explanation with the help of proper schedule and diagram.

frms total cost, A firms total cost function is TC=0.0006*X^3-0.086*X^2+4....

A firms total cost function is TC=0.0006*X^3-0.086*X^2+4.8*X+25 and its total revenue function is TR=2.5*X find its profit function

Critique of economic reforms, CRITIQUE OF ECONOMIC REFORMS: The critiq...

CRITIQUE OF ECONOMIC REFORMS: The critique of economic reforms should consider the actual growth rate achieved, its impact on employment and poverty reduction, its impact on l

What are the goal of sustainability, The goal of sustainability requires th...

The goal of sustainability requires that we address what three questions? The goal of sustainability needs that we address whether economic activities are financially sustainab

Formal and informal systems - mrp system, Formal and Informal systems  - M...

Formal and Informal systems  - MRP System Most production systems are full of 'pushes' and 'pulls'. The formal system issues orders, ie 'pushes'. The informal system tries to

Help, Hi I need help with elasticity. I think the problem has already been ...

Hi I need help with elasticity. I think the problem has already been posted to your site.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd