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Effective Demand: Factors, Theory, Examples & More
Effective demand is a concept that is well-defined in economics, particularly in Keynesian theory. It is the total demand for…
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Determination of Effective Demand: Keynesian Perspective
Determination of effective demand is an important concept in the economic sciences, especially from the perspective of Keynesian economics. It…
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Net Addition Made to Total Cost of Production: Marginal Cost
The net addition made to total cost of production is the increase in the total cost incurred by a company…
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The Main Source of National Income in India
National income is defined as the total value of goods and services produced within a given time in a country…
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Royalty Meaning in Economics: Meaning, Types & More
Royalty in economics refers to a payment made by one party, known as the licensee, to another party, known as…