A market economy is an economic system which resolves basic economic problem through the interaction between demand and supply. There is freedom of choice and no government intervention in economic activities.
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What is meant by Market economy?
A market economy is an economic system which resolves basic economic problem through the interaction between demand and supply. There is freedom of choice and no government intervention in economic activities.
Write the meaning of various concepts of cost. Explain them. 1
Explain the meaning and nature of total variable cost along with diagram 1
Explain the meaning and nature of total cost along with diagram 1
Differences between total fixed cost and total variable cost 1
Differences between a Movement along and Shift in the Demand curve. 1
Differences between Movement along a supply curve and shift in the supply curve 1
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