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Economics

Division of labour

Division of labor Division of Labour means that the main process of production is split up into man…

Concept of Economic growth

The increase in the productive capacity of an economy over a period of time is known as economic gr…

Producer's Surplus

The access amount that a producer or a seller receives from the sale of output over its cost of pro…

Determinants of supply

Determinants of supply or Factors affecting Supply The supply of a commodity depends upon many fact…

Determinants of demand

Determinants of demand Demand for a commodity depends upon many factors. Factors determining the de…

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