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What is development economics?
Traditional economics studies the allowance of scarce resources among alternative uses.
Development economics seems at the economic, political, social and institutional changes required to bring about huge-scale rapid enhancements in the human well-being, particularly for poor people into developing countries.
Assume that John has the following preference relation over two goods, bread and bear (x1, x2). He strictly prefers any bundle x over y whenever x haves more bear than y, whatever
Sir i am the student of MSC Economcis frin Dustabce University (AIOU)from Islamabad (Pakistan)my name is Mohammed Bilal Farooq and required the answer of the following questions Q
b) Why is monopoly considered to be generally against public interests, and what policy instruments can be used to regulate monopolies?
arguments in favour and against of Theory of Profit Maximization
What is studying platform? Explain this term in brief. Studying Platform: A studying platform into modern economics comprises some basic economic principles or theories. Thi
Xd(Px)=5000-100Px
Over the course of modern American economic history there have been market failures, various social problems, and other complexities that have resulted in certain resource markets
Suppose scientists discover that eating soybeans prevents cancer and heart disease
In the diagrams related to bandwagon effect, why do we say when the price is 30$ the demand is 40?
Q. Describe Classical Economics? Classical Economics:Tradition of economics which began with Adam Smith and continued with other theorists including Thomas Malthus, David Ricar
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