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Q. What do you meant by Deficit?
Deficit: When a business, government or household spends more in a given period of time than they generate in income, they suffer a deficit. A deficit should be financed with new borrowing, or by running down previous savings.
law of demand..
prove that marginal utility of x=the price of commodity x.
Capital: Broadly defined, capital represents tools that people use when they work, to make their work more efficient andproductive. Under capitalism, capital can also refer to a su
how to control principal agent
For each of the following scenarios, you use a SS & DD diagram to demonstrate the effect of a given shock on equilibrium price and quantity in specified competitive market. Explain
what are the charecteristics of capita
how to calculate it given a functuion
Q. Perfect Competition in neoclassical economics? Perfect Competition: An abstract assumption, central to neoclassical economics, in that companies are so small that none can i
Explain the how the classical school views the role of markets and government intervention in fighting business cycles The classical school believes in the smooth functioning o
Monopsony: Demonstrate (with a graph) how a minimum wage can increase both the wage and employment in a monopsony market even when the government sets th
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