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is between efficiency and equality. Elaborate each term with suitable examples. If the government in your country redistributes income..? Ans. The short run tradeoff between the rate of inflation and the rate of unemployment. The curve is ...
Exchange rates generally increase international trade and particularly international investment by reducing the risk of currency fluctuation in those transactions. Fixed exchange rates also often reduce the risk of inflation and generally i...
supply, rents, wages and utility bills. Implicit costs are not easy to quantify or measure. It is the cost to forego the next best alternative for the use of resource that is the opportunity cost. This is often overlooked when the decisions...
visual literacy involves the in depth understanding of the effective use of the visual, graphs, photographs and even the video clips as the visual materials. From the education perspective and also from the business world perspective, the v...
Visual messages encompass an important aspect of our daily life; it is all around us (Agrawala, et al., 2011)). Be it while watching fictional or real stories on television, viewing advertisement on a magazine or witnessing them while drivi...
chromatic polynomial ? (G, q) of a graph G, which was introduced by Birkhoff as the number of proper colourings of G with q colours, is one of the most mysterious but fruitful polynomials in graph theory. It is the root of many other import...
supply. Demand and supply, although being the most common and initial concepts to be understood to study microeconomics, yet they are the ones most essential to understand. Demand can be defined as the willingness and the ability of a perso...