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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.
critically analysis firm theory of profit maximization?
Q. Explain about Social-Democracy? Social-Democracy:It's a reformist political strategy that aims to win certain improvements in social and economic conditions under capitalism
What does economic theory contribute to managerial economics? Explain
A spherical wave is reflected from a planar mirror sufficiently far from the wave origin so that the Fresnel approximation is satisfied. By regarding the spherical wave locally as
disadvantages of monopsony
Explicit cost: Explicit costs are payments made by the firm when it purchases or hires factors of production for the production of goods and services. They are also referred t
Learning Curve in Practice * Scenario - A new firm enters chemical processing industry. * Do they: 1) Produce a low level output and sell at high price? 2) Produce
how do you find the average fixed costs using total fixed costs and total product?
Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2
what monopoly market .
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