Why is the problem of unemployment a part of the subject
Why is the problem of unemployment a part of the subject matter of economics?
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Economics deals with the “limited resources—unlimited wants” problem. Unemployment represents valuable resources that could have been used to produce more goods and services—to meet more wants and ease the economizing problem.
I have a problem in economics on Specialization in division of labor. Please help me in the following question. Jennifer writing computer code whereas Melissa handles the business features of Econo-Software would be an illustration of specialization i
Define the term Mixed Economy and also state their advantages and disadvantages?
Describe the Slope of a nonlinear curve?
Explain in short the functions of money? Answer: (A) Medium of exchange: Money can be employed to make payments for all transactions of services and goods.
Distinguish between allocative efficiency and productive efficiency. Give an illustration of achieving productive, but not allocative, efficiency?
“Prices are the automatic regulator that tends to keep production and consumption in line with each other.” Explain.
Use the circular flow model to confirm this assertion for the construction of a new high school in Blackhawk county?
Illustrate Freedom of enterprise and choice exist?
Give a brief introduction of the term net present value? Write down its admittable rules, their merits and demerits?
Evaluate and explain the statements: “Market is its own guardian implies that there really is an invisible hand or taskmaster that watches over the decision makers in the marketplace”
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