Techniques of Production and Technology | Economic Growth | Economics
October 18, 2019
Article Shared by The problem of choosing an appropriate technique of production or technology arises when the LDCs have already
Article Shared by The problem of choosing an appropriate technique of production or technology arises when the LDCs have already
Article Shared by Allocation of resources is one of the central problems faced by all economies. Establishing criteria for investment
Tejvan Pettinger This is a theory which estimates the likely utility of an action – when there is uncertainty about
James Tobin (1965) presented a simple model of monetary growth which follows the Solowian model (which Tobin had independently developed in a
Tejvan Pettinger Definition of adverse selection: Adverse selection occurs when buyers have better information than sellers, and this can distort
Definition of asymmetric information: This is a situation where there is imperfect knowledge. In particular, it occurs where one party has
C. P. Chandrasekhar The government has finally admitted that the Indian economy is on a steep downturn. For some time
– Inferior, Normal, Luxury Tejvan Pettinge A list of different types of economic goods. Income elasticity of demand and types
Sunanda Sen That the Indian economy is currently experiencing a slowdown is more than evident, both with the deliberations in different
Tejvan Pettinger The broken window fallacy states that if money is spent on repairing the damage, it is a mistake
