What is substitutes
Substitutes: The two goods for which a rise in the price of one good leads to a rise in the demand for another.
Speculate regarding the behavior which could result from Internet technology in airline transactions and propose 2 or more strategies to deal with them.
Redistribution of Income: Each and every economy strives to achieve a society, where inequality of income and wealth must be minimum. In order to attain this objective via government budget the government spends adequate money on social security schem
Equilibrium quantity: It is the quantity supplied and the quantity demanded at equilibrium price.
From the heterodox approach, what options does the enterprise have to produce more output? What impact do these options have on its cost structure?
How can Equilibrium of a market be exist?
Determine the value of total receipts of government budget when budget deficit is Rs 2,000 crores and the net expenses is Rs 3,000 crores.
Definition of surplus: It is a condition in which quantity supplied is more than quantity demanded. To remove the surplus, producers will minimize the price till the market reaches to equilibrium.
How Bank rates control the credit? Answer: Bank rate is the rate of interest at which the Central bank lends to Commercial banks. By increasing the bank rate centra
Illustrate, why is tax not a capital receipt?
What is the difference between profit and producer surplus?
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