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When does deadweight loss occur to society?
Applying consumer and producer surplus the efficiency costs of a tax:
A tax causes a deadweight loss to society, since less the good is generated and consumed than into the absence of the tax. As an outcome, some mutually beneficial trades in between consumers and producers do not take place.
Name the five types of capital. The five types of capital are: natural capital, manufactured capital, human capital, social capital and financial capital.
What are the 2 approaches in which results into a higher satisfaction?
STRUCTURE OF NATIONAL INCOME: The structure or composition of national income of an economy explains the relative significance of the different producing sectors in an economy
market failure
i''m">http://papers.xtremepapers.com/CIE/Cambridge%20International%20A%20and%20AS%20Level/Economics%20%289708%29/9708_w07_qp_1.pdf i''m finding question 13 difficult to comprehen
Features of monopolistic competition: Large number of firms in the industry. There are many small firms each supplying only a small share of the total market output. Hence, no
IMF-World Bank Harmony: Bretton Woods institutions work in tandem. World Bank BOP support is not available with a Fund Programme, while a Fund Programme cannot be finalised w
#question influence of an increase in migrant on market supply labour
Economic instruments Financial rewards, incentives and penalties that operate automatically via market forces, to encourage beneficial behavior.
Use of ppc in microeconomics
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