Depression - Phases of business cycle
Illustrates the term dispersion of phrases of business cycle?
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Depression:
Common demand falls faster than production. All producers are compelled to notice their goods at a price that will not even wrap the full cost. Producer’s goods and consumer’s goods both manufacturing are forced to reduce the volume of production. Since a result workers are thrown out. The residual workers are poorly paid. A demand for bank credit is at its lowest that results in idle funds. Also the interest rates decline .The firms which cannot pay off their debts are wound up. Shares and securities, prices are fall down.
What is Scarcity Definition of economics?
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Explain the term average fixed cost.
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Illustrates the barometric pricing briefly?
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If a perfectly competitive firm determines that its market price is below its minimum average variable cost, this will sell: w) the output where marginal revenue equivalents marginal cost. x) any positive output the entrepreneur decid
Explain the chief characteristics of managerial or business economics.
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