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    coordination argument

    downward wage and price flexibility requires perfect information about the level of lower compensation acceptable to other laborers and market participants

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Questions & Answers

why do banks charge fees and charges?
Shirley Reply
What is Labour
Angela Reply
the service provide by the labourer is termed as labour.
Prtj
Meaning of Standard of living
Fazrat Reply
pls what is the meaning of opportunity cost
Fazrat Reply
the cost of next forgone alternative is called opportunity cost. for example you have two choices, either work or study and you choose to study then the opportunity cost for study is the earnings which you can earn while opting job.
Prtj
so what if I choose work it is the same as study
Fazrat
if you choose to work, then the cost of study is the opportunity cost for work
Prtj
ohk tnx
Fazrat
welcome. much love .
Prtj
how can inflation be defined
Mboko Reply
rise in general price level is called inflation.
Fardin
when the price of goods and services rise, the cost of living also increases. basically the increase in general price level is call inflation
Khushtar
when demand increase and supply decrease .leads to fall of quality and volume index's leads to inflation .
Khaja
inflation is a monitry policy that leads to continues increase in price of commodity in a geographical location with some period of time
Osola
what is economic
Enock Reply
economics is a science under which we study all those human activities which is related to scarcity with unlimited wants. By proff. Robbins .
Vibhu
it is a social science
ashiru
what is the difference between macro economic and micro economic
Bubu
Economic is a social science which studies human behaviour in relation to ends and scares means which have alternative uses
Nana
Economic is a social science that studies individuals, busnisses,governments, and deal deal with the entire society as a scarcity.
Mo
what is the differences between ends and wants?
Richard
Economics is a social science which studies human behavior in relationship to ends and scares means which have alternative uses
Musu
what is the indicator of economics development
Bibu Reply
how can you answer economic development
Mankaa Reply
how
Fatema
Two things, first economic growth, just takes into account the increase in per capita income... Which is absolutely vague, important, but vague.On the other hand, Economic development, is a much more wider term. Visit my blog to know more about the differences, ***thetheoryofeconomics.blogspot.in
Taha
Problems faced by the trade union
Appiah Reply
Excuse me am new here
ashiru Reply
Hi
Sereena
This app is used for studying and discussions. Hope it wil be useful for you.
Sereena
If u have any questions, please feel free to ask.🙂
Sereena
Hi
Fardin
sereena i have a question.
Fardin
I also have a question
ashiru
can u tel me what are the must major part of economics which helps and is must to know before doing any business?
Fatema
You can say me about question.
Soe
plz suggest me some books of economics & history for pg entrence exam.Only books for crack pg exam!
Wani
i think the most important part is marketing
Fardin
is ny 1 replyin to my question
Fatema
fatema i told your answer
Fardin
thanks Mr fardin.. Dats really nice of u
Fatema
you are welcome. the most important part in marketing for investment and making business is consumer behavior.
Fardin
right
Fatema
explain excess supply
Shalom Reply
surplus .
Kho
an excess supply or economic surplus is a situation in which the quantity of a good or service supplied is more than the quantity demanded, and the price is above the equilibrium level determined by supply and demand
Rahat
what is elasticity of demand
ashiru
what is equilibrium?
Richard
equilibrium is when quantity demand is equal to quantity supply
Osola
equilibrium is when quantity demanded of a commodity is equal to the quantity supplied of that commodity
Nana
equilibrium is wen quantity demand is equal to quantity supply
Sammy
how to differentiate long run and short run in monopoly?
shar Reply
Short run is a time period in which at least one factor of production is fixed; long run is when all factors of production are variable
Kevin
what is exceptional supply
Wencelyne Reply
what is the relationship between quantity demanded and price in the function Qd =f(p)
Ahmed Reply
it means qty demand varies inversely with price
mac
well, him in some places I saw it also as price function depending on offer, auctions style
Sorin
it qty demand varies inversely with price
Emmanuel
what is damand curve
Appiah Reply
it is the relationship between the quantity of goods and the price at which that quantity satisfies the demand
Sorin
refers to the graphs that show the relationship between quantity demanded of commodities and that of the price of goods and services at thesame particular time.
Alasana
is like a slope that shows the relationship between quantity that is demanded and also the price of G&S at the very same time
Palesa
Can anyone provide any production function showing returns to scale with MPL
Heron

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Source:  OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
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