Invisible hand
Describe the meaning of the term “invisible hand.”
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Market prices act as an “invisible hand” coordinating an economy by rationing what are scare and providing incentives to produce the most desired goods and services.
Describe briefly high financial leverage, low operating leverage?
Just need help to see if I am in the right direction if there any think wrong need help with it.
Why an economic problem does arise? Answer: It arises due to following reasons: A) Shortage of resources. B) Alternative utilizations of resources. C) Limitless wants and limited resources.
Illustrate the complex cases when both supply and demand shift?
Describe briefly Distinction between the term Component cost and Composite cost?
As per to the laissez-faire philosophy of government,: (1) economy works best while all investment decisions are centralized. (2) market system works best along with only minimal government intervention. (3) government must be restricted to stabilizin
Suppose you go to a recycling center and are paid 25 cents per pound for your aluminum cans. However, the recycler charges you $.20 per bundle to accept your old newspapers.
Difference between normal goods and inferior goods. Give illustration.
Illustrate Professional and personal applications?
Describe the Personal distribution of income?
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