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Q. What do you meant by Hoarding?
A situation in that companies, financial investorsor individual consumers choose to hold hoards of cash or other liquid assets, instead of spending and re-spending that money. Hoarding often results from intense fears about future economic and financial turbulence - yet ironically hoarding can create the very recession which hoarders fear.
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Equilibrium is explained as follows: Equilibrium is the state in which there are no shortages and surpluses; or we can say that the quantity demanded is equal to the quantity s
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