What are the limitations of Circular Flow Model
What are the limitations of Circular Flow Model?
Expert
1. Does not depict transactions between households and between businesses.
2. Ignores government and the “rest of the world” in the decision-making process.
3. Does not explain how prices of products and resources are actually determined.
Illustrate the 2nd function to promote and maintain competition?
Elucidate how Personal income tax is a major source?
Production Possibility Curve: Similar to the individuals, a society as entire has restricted resources. It has to decide what to manufacture with restricted resource
Give a brief introduction of the term Cost Principle ?
Comparison between EVA and Ratio Analysis: EVA helps in measuring the economic performance of the company. It is the profit earned by the firm less the cost of financing the firm’s capital. It shows that the shareholders gain when the return fro
What is the most important source of revenue and the major type of expenditure at the local level?
Explain: “Even though parking meters may yield little or no net revenue, because of the rationing function they perform nevertheless be retained”
Define cyclical fluctuations?
Elucidate the Local expenditures and receipts for all local governmental units in 1996?
Define Direct and inverse relationships?
18,76,764
1940259 Asked
3,689
Active Tutors
1424549
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!