Increase the overall effectiveness of the market system
How the government can increase the overall effectiveness of the market system?
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Although the market system promotes efficiency, it has certain shortcomings over production of goods with social costs, under production of goods with social benefits, tendency for business to increase monopoly power, macro instability.
Illustrate the term Economic Rationale?
Give a brief introduction of the term Cost of preference shares?
What are the 2 definitions of economics growth?
What are the merits of speciality in the use of human and material resources?
The clearest illustration of economic inefficiency would be: (w) maintaining a warehouse full of pet rocks within hopes such that someday the fad will return. (x) pet rocks being unavailable to people willing to pay a price that exceeds the marginal s
Describe GDP gap and Okun’s Law?
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If the price of a good is given, how does a consumer choose/decide as to how much of that good to purchase?
A positive responsibility played through speculators within a market economy is to: (1) find out price levels for entrepreneurs. (2) predict the quantity at that long run equilibrium would be attained. (3) inform government organizations of consumer p
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