Use of human and material resources
What are the merits of speciality in the use of human and material resources?
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The merits of speciality for labours which have openings decide efforts to their perfect talents as well as keep the time to shift frequently from 1 task to another. For a precise use material resources will be developed as well as modified. On a regional basis, each province will produce those commodities for finest suited. Each region as well as set of person and to maximize efficiency material resources is being used by focusing in its advantage.
In perfectly competitive market, the market demand curve is given by Qd = 10 − Pd, and the market supply curve is given by Qs = 1.5Ps. a) Prove that the market equilibrium price and
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Drawing a production possibilities frontier needs the supposition that: (1) Decision makers encompass discretion over resource accessibility. (2) Technology is constant. (3) Income is fairly distributed. (4) Resources are considerably diverse. (5) At least three goods
Briefly explain the term leverages?
Describe how the demand for a good is influenced by the price of its associated goods. Give illustrations.
Question The Current Account captures international fund flows due to net income on (past) investments, net transfers, and i._______________________________, general
What do you understand by the term internal rate of return?
Write down the steps carried out for proper control on capital budgeting process?
What is the scientific method and how does it relate to theoretical economics? What is the difference between a hypothesis and an economic law or principle?
Growth is a significant economic goal. Explain?
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