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economics

Law of Supply
economics 

Law of Supply

August 25, 2022August 25, 2022 Mudassir 0 Comments definition, Examples, Explanation, law, supply

law of supply, a microeconomic law that there is a direct relationship between supply and the price of a product or service. law of supply…

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Supply
economics 

Supply

August 22, 2022August 22, 2022 Mudassir 0 Comments definition, Examples, Explanation, supply

“Keeping all other things constant, supply can be defined as the quantity of a good that the firms are able

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Depression in economics
economics 

Depression – What is depression economics?

November 7, 2021April 15, 2022 Mudassir 0 Comments definition, Depression, Examples

What is depression economics? Depression in economics is a stage of the business cycle in which an economy produces the lowest Gross domestic product.

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mixed economy
economics 

Mixed Economy

October 23, 2021November 12, 2021 Mudassir 1 Comment definition, Economy, Examples, Explanation, mixed, system

Mixed economy is a type of economic system which shares the elements / properties of both market economy and command economy.

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market economy
economics 

Market Economy

October 22, 2021November 12, 2021 Mudassir 2 Comments definition, Economy, Examples, Explanation, market

A market which is totally controlled by invisible hand of market forces i.e. supply and demand, in order to answer basic questions like what to produce, how to produce and for whom to produce, is called market economy.

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economics 

Devaluation

October 13, 2021November 12, 2021 Mudassir 1 Comment definition, Devaluation, economics, Examples, Explanation

Devaluation is the deliberate downward adjustment of the value of a country’s money relative to another currency, group of currencies, or currency standard.

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economics 

Gross Domestic Product Greece

October 12, 2021November 12, 2021 Mudassir 2 Comments definition, Domestic, Examples, Explanation, GDP, Greece, Gross, Product

The value of the goods and services produced in the Greece is the gross domestic product. The percentage that GDP grew (or shrank) from one year to another is really important for the people of Greece to gauge how their economy is going.

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economics 

Gross Domestic Product US

October 12, 2021November 12, 2021 Mudassir 0 Comments definition, Domestic, Examples, Explanation, GDP, Gross, Product, States, United

The value of the goods and services produced in the United States is the gross domestic product. The percentage that Gross Domestic Product..

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economics 

Gross Domestic Product of China

October 12, 2021November 12, 2021 Mudassir 1 Comment china, definition, Domestic, Examples, Explanation, GDP, Gross, Product

It means gross domestic product of china is showing an upward trend over the time. Country is rapidly growing with growth rate of 6.1% annual.

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real gross domestic product
economics 

Real Gross Domestic Product (GDP)

October 5, 2021November 12, 2021 Mudassir 8 Comments definition, Examples, Explanation, GDP, real, realgdp

Real gross domestic product (Real GDP) is an inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year, expressed in base-year prices, and is often referred to as “constant-price,” “inflation-corrected” GDP or “constant dollar GDP.”

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