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What is studying platform? Explain this term in brief.
Studying Platform:
A studying platform into modern economics comprises some basic economic principles or theories. This gives a basis for extending the existing theories and analyzing deeply economic issues. Illustrations of studying platforms are as:
a. Producer and consumer theories give a bedrock platform for studying individuals’ independent decision choices.
b. The common equilibrium theory is based onto the theories of consumers and producers and is an upper level platform. This provides an origin for studying interactions of individuals into a market institution and how the market equilibrium is reached within each market.
c. The mechanism design theory gives an even higher level of studying platform and can be utilized to study or design an economic institution. This can be used to compare different economic institutions or mechanisms, and also to identify that one may be an “optima”.
The owner of the sole stage-theatre in the city of Vordervilla has found through experience that the cost of running his 600-seat theatre remains virtually the same irrespective
Gasoline Rationing - In the year 1974 and again in the year 1979, the government imposed price controls on gasoline. - This resulted in scarcity and gasoline was rationed.
what do you understand by demographic window acess by india
Explanation of the Break in Trend: An economy can grow in three different ways or all three ways may work simultaneously: 1) Horizontally, i.e., it may go on producing m
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Costs: If raw materials, machines and other things required for production could be made available freely then the study of the theory of the production and indeed, the study of
Write a 1-2 page summary on markey failure
what is ratios GNP? what is use of models in macroeconomics?
Structure of the IMF: The Central office of the IMF is in Washington DC, USA. It has 184 members. It is affiliated to the UNO. The highest authority of the IMF is the Board of
I don''t really understand how scitovsky contour is formed.
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