Explain the definition of Economics
Explain the definition of Economics?
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a. The social science concerned with the efficient use of limited or scarce resources to achieve maximum satisfaction of human materials wants.
b. Human wants are unlimited, but the means to satisfy the wants are limited.
Elucidate various national currencies of foreign exchange market?
Write short note on Markets?
Explain by giving example of an absolute advantage in production of two products?
What is the basic principle of comparative advantage?
What are the main sources of growth?
How does society decide its optimal point on the production possibilities curve?
When turkey is $1 per pound and the relative price of ham to turkey is 2, in that case a pound of ham costs: (i) 50 cents. (ii) 1/2 pound of turkey. (iii) 2 pounds of turkey. (v) 12 pesetas. (iv) 5 euros. How can I
How can we calculate Price earnings ratio?
Give a brief introduction of the term Cost of capital?
What are the determinants of demand?
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