Describe Quasi-public goods
Describe Quasi-public goods?
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Quasi public goods are those that have large spillover benefits, so government will sponsor their provision. Otherwise, they would be underproduced. Medical care, education, and public housing are examples.
Illustrate the 2nd function to promote and maintain competition?
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Explain the impact of external costs and external benefits on resource allocation
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Illustrate Scarcity and choice of Economic Perspective?
Explain of the law of demand?
Nature and Scope of Economics: Introduction Economics is a social science that
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