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What is Economics?
Economics is explained as the study of how people choose to use their scarce resources in an attempt to satisfy their unlimited wants. In other words, we have unlimited possibilities in life to do whatever we need, but we are limited by the resources we have to do these things.
#question.explain three neccessary condition to achieve pareto efficiency.
Reasons for International Trade?
explain the main criteria for classifying firms into industries.which criteria serve the better and why?
How do I balance this chemical equation: MgSO4*5H2O
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
Determinants of Short Run Cost - The relationship among the production function and cost can be exemplified by either increasing returns and cost or decreasing returns and cost
how does utility figure in the analysis of consumer demand
The East Asian Miracle However the set of extraordinarily successful economies isn't limited to the set of original OECD economies. Economies of the East Asian miracle have ove
How did fixed exchange rates and the Golden Standard affect the U.S. economy as well as other countries.
Average Product (AP) of a Factor: The productivity of a factor is often seen in terms of its average contribution. Although not very important in the theoretical discussions,
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