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Coal Scam aka Coalgat: Indian Coal Allocation Scam
The coal scam, also known as Coalgate, refers to a major political scandal in India involving the allocation of coal…
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Interest Meaning in Economics, Types, How It Works & Examples
Interest meaning in economics refers to the cost of borrowing money or the return earned on investments. It plays a…
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Who are Economic Agents? Meaning, Types, Objectives & Functions
Who are Economic Agents? Here is the answer, Economic agents are the main players in any economy, making decisions that…
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Relationship Between Production and Cost: Examples & Functions
The relationship between production and cost is a central concept in economics. It explains how inputs of the resources used…
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Production and Cost: Definition, Types, Functions & Examples
Production and cost are two fundamental concepts in economics that help explain the relationship between input factors and the output…