Advantages of regional integration
Give the basic advantages of regional integration?
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Advantages of Regional Integration :-
Most of the economic experts cite are regional integration which allows disadvantaged countries to realize economies of scale, compete on a broader (often global) platform and increase overall economic efficiency Alassane D. Ouattara the Deputy Managing Director of the International Monetary Fund describe that regional integration 'enables participating countries to provide their resources and avail themselves of human resources and regional institutional, in order to attain a level of technical and administrative competence that would not be possible on an individual basis'.
Define Marginal Cost and also its functions?
When do we state that there is an excess demand for a commodity in the market?
Adjust production in all profit-maximizing firms to a level where the marginal: (i) revenue most greatly exceeds average total cost. (ii) revenue curve is at its maximum height. (iii) cost curve is at its lowest point. (iv) cost curve intersects the m
When the demand curve for wheat is negatively sloped, increases in its supply will: (1) Lower the equilibrium price. (2) Increase the equilibrium price. (3) Reduce the equilibrium quantity. (4) Stimulate technological modification. Q : Relative Income Measurement Relative Relative income as given by the Bureau of the Census reflects a try to measure: (1) a nation’s wealth. (2) economic development in a country. (3) the value of nonhuman wealth. (4) how far a person’s income diverges from th
Relative income as given by the Bureau of the Census reflects a try to measure: (1) a nation’s wealth. (2) economic development in a country. (3) the value of nonhuman wealth. (4) how far a person’s income diverges from th
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I have a problem in economics on monopsonistic exploitation. Please help me in the following question. The Labor union contracts, an analogous worth rule or the minimum wage laws might boost equilibrium employment when a firm has been practicing: (1)
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