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Q. What do you meant by Enclosures?
Enclosures: A historic process in Britain and other European countries, in very early years of capitalism, in that lands formerly held and used in common were fenced off and formally assigned to private owners. This painful and regular violent process was essential to the creation of a landless, desperate new class of people who were compelled to work in new industrial factories.
cartels model of collusive oligopoly
Q. What is Unit Labour Cost? Unit Labour Cost: How much an employer pays for labour needed to produce each unit of a good or service. Unit labour cost can be computed by dividi
Bilateral and Multilateral Contracts Bilateral contract is defined as to purchase & sell certain quantities of a commodity at the agreed upon prices may be entered into between the
what is The most important source of oligopoly?
Dividends:Several companies pay a cash dividend (annually orquarterly) to the owners of its shares. This is an enticement to investors to buy that company's shares and signifies a
What is indifference curve and its properties?
Profit Margin A measure of organization performance, profit margins measure the percentage return an organization is earning over the cost of production of the items sold.
how does economics bridge the gap between economic teory and practise
1. How can a nation and its producers determine whether or not it has a comparative advantage in producing a particular good or service? a 2. The above figure show
quasi rent theory
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