Economic
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Illustrate Qualification in International Trade?
Question: Ambrose consumes two goods, peanuts (x1 ) and a composite good (x2). He has a utility functionU = 4 √x1 + x2. This means his MU1 = 2/ √x1 an
Use the economic perspective to explain the behavior of the workers? Why do they work so diligently?
I have a problem in economics on Capitalism-Tightly regulate business. Please help me in the following question. The govt. in a purely capitalist state would not: (1) Find out the property rights. (2) Enforce contracts among private parties. (3) Offer
How is a shift in demand reflected in a demand equation? How is a shift in supply reflected in a supply equation? How is a movement along a demand (supply) curve reflected in a demand (supply) equation?
Elucidate redistribution of income?
Difference between normal goods and inferior goods. Give illustration.
Briefly explain the term leverages?
How do households dispose of their income?
Elucidate Reliance on technology and capital goods of the market system?
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