Explain the definition of Economics
Explain the definition of Economics?
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a. The social science concerned with the efficient use of limited or scarce resources to achieve maximum satisfaction of human materials wants.
b. Human wants are unlimited, but the means to satisfy the wants are limited.
Illustrate Competition among buyers and sellers is a controlling mechanism?
What are the determinants of demand?
Question: Some developing countries have suffered banking crises in which depositors lost part or all of their deposits (in some countries there is no deposit insurance). This type of crisis decreases depositors' confidence in the banking syst
Assume that the equilibrium price within a perfectly competitive industry is $15 and a firm into the industry charges $21 there. Which of the given will occur: w) the firm's profits will rise. x) The firm's revenue will rise. y) The firm will not sell
Illustrate the advantage of corporate form of organization?
What is the most important source of revenue and the major type of expenditure at the state level?
Define the term Mixed Economy and also state their advantages and disadvantages?
Managerial Economics Meaning and definition Managerial economics general refer to the integration of economy th
Explain the demand for bagels rises dramatically while the demand for breakfast cereal falls?
Comment on the following statement from a newspaper article: “Our junior high school serves a splendid hot meal for $1 without costing the taxpayers anything, thanks in part to a government subsidy.”
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