Describe what do you mean by European Union
Describe what do you mean by European Union (EU)?
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1. In many regions of the world, countries have formed free-trade zones to reduce tariffs.
2. The EU, formed in 1958 as the Common Market, now is comprised of 15 western European countries.
Why private goods are produced through the market?
Give a brief introduction of the term Control Factor?
Distinguish between the resource market and product market in the circular flow model. In what way are businesses and households both sellers and buyers in this model? What are the flows in the circular flow model?
Studies indicate that married men on average earn more income than unmarried men of the same age?
identify the reasons for the formation of organizations
Elucidate the ways to finance corporate activity?
How does society decide its optimal point on the production possibilities curve?
Illustrate the 2nd function to promote and maintain competition?
Which of the given describes a condition in which a good or service is produced at the lowest probable cost: w) productive efficiency. x) allocative efficiency. y) marginal efficiency. z) profit maximization Please
Explain the statement: “Good economic policy requires good economic theory.”?
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