Illustrate the term Economic Rationale
Illustrate the term Economic Rationale?
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Economic resources are not completely adaptable to alternative uses. To get increasing amounts of pizza, resources that are not particularly well suited for that purpose must be used. Workers that are accustomed to producing robots on an assembly line may not do well as kitchen help.
Give a brief introduction of the term Timing Principle?
Importance of Economics:Economics has become one of the major branches of social sciences. This is of enormous practical value in our day by day life. In pure sciences, we study the subject
What do you understand by the term internal rate of return?
Describe four important areas to emphasize Expenditures?
Assume that melons sell for $5 in Brazil when moose pelts sell for $10, still into Canada melons sell for $10 as well as moose pelts sell for $5. A person who buys moose pelts within Canada to sell into Brazil would be doing: (1) speculation. (2) the “invisible
Describe the Personal distribution of income?
Briefly describe cost of equity shares? And also write down way to evaluate the cost of equity shares?
Give a brief introduction of the term net present value? Write down its admittable rules, their merits and demerits?
What will be produced in all economic systems?
1. We have discussed the importance of resource endowments and institutions for an economy's successful development. a. In this game, what are the resources that make up the endowments, and what defines a given player's endowment o
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