ECO-01 Business
write an explanatory note on OTCEI.
The initial systematic and popular description of capitalism was explained in: (1) Sir Thomas Mun’s England’s Treasure by Foreign Trade. (2) Joseph A. Schumpeter’s Capitalism, Socialism, and Democracy. (3) John Maynard Keynes’
Describe briefly Distinction between the term Component cost and Composite cost?
What 2 points are required to emphasis foreign exchange market?
What happens in the resource markets?
Successful speculation tends to: (1) generate inflationary pressure. (2) assist stabilize relative prices. (3) reduce the incomes of the eventual producers of goods. (4) make relative prices more volatile. (5) increase the risk born through the eventu
What are the 2 definitions of economics growth?
Elucidate “Ticket Scalping: A Bum Rap”?
Adam Smith and most of the typical economists who followed instantly in his footsteps: (i) viewed monopoly as no big problem. (ii) encouraged monopolies due to their research and development abilities. (iii) thought monopoly power was a communist plot
How did producers decide on the best combinations of resources to use? Who made these resources available, and why?
Why possession protection of property rights and private property promotes the market system?
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