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Q. What do you meant by Financialization?
Financialization: The trend under neoliberalism through that real production in the economy is accompanied by an increasing degree of intermediation (including various forms of lending, financial assets, and securitization) and financial activity. One way to measure financialization is by the ratio of total financial assets to real capital assets in an economy.
price falls and demand is elstic
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Consider two individuals M and F who must split 20 units of good X and 10 units of good Y. Suppose we can represent M's preference with the utility function Um =X ^2 mYm and Fs
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opportunity cost
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