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What is the difference between 'Capital' and 'Capital value'?
"The total amount of money or other resources owned or used to obtain future income or benefits." On the other hand, 'Capital value' is the present value of a capital good. For instance, a car is a capital and the price of the car is its capital value.
use of diagram how the price mechanism operates to allocate scarce resources. use examples to illustrate the answer.
what is the formula for finding gross national product?
what is the theory of second best? prove the theorem with the help of a diagram.
MRP systems - basic inputs It has been estimated that in the USA where MRP was originated and developed by Oliver Wight and George Plossl (1985), virtually all Fortune 500 ma
Production without capital is hard for us even to imagine. Nature cannot furnish goods and materials to man unless he has the tools and machinery for mining farming forestry fishin
what monopoly market .
Yuen, a travelling salesman for snake oil, can produce the stuff at a marginal cost of 1. There are 100 potential customers in Vernon, each of whom has the following demand functio
The drawbacks of a mixed economy actually depend on how "mixed" it is. For instance, if it is mixed more towards a free-market, there is little regulation (some may see this as a g
Q. Explain about Social-Democracy? Social-Democracy:It's a reformist political strategy that aims to win certain improvements in social and economic conditions under capitalism
1. Consider an individual facing a wage rate w . There's a total of 100 hours available for work or leisure in a week. (a) Represent his budget constraint graphically (b)
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