Resources Assignment Help

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Resources Assignment Help Introduction Entrepreneurship is also thought about a financial resource due to the fact that people are accountable for developing companies and moving financial resources in the company environment. These financial resources are also called the elements of production. Land Land is the financial resource including natural resources found with in economy. Some […]

Limitations of Economic Dynamics

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Limitations of Economic Dynamics Economic dynamics, though it is a more realistic method for analyzing the complicated problems. yet it suffers from some weaknesses. The method of dynamics is essentially very complex and only a few economists equipped with the techniques of advanced mathematics can make use of it. This in fact has reduced its popularity. It has been held […]

Limitations of Comparative Statics

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Limitations of Comparative Statics Comparative statics suffers from certain limitations. It cannot be used to tackle two types of problems: (a) It fails to predict the path which the market follows when moving from one equilibrium position to another. and (b) it cannot predict whether or not a given equilibrium position will ever be achieved. For these purposes we need dynamic analysis. Prof, […]

COMPARATIVE STATICS

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COMPARATIVE STATICS The method of comparative statics i~ it sort of cross between statics and dynamics. It occupies a position in between the two. We know that the dynamic analysis includes the time interval whereas the static analysis dues not. Everything in the real world is subject to change with time. Notwithstanding this, static analysis remains useful. for this is a method […]

Conclusion

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Conclusion It goes without saying that dynamics is a more general and fundamental approach than statics. but at the same time it would not be proper to discount the importance of statics. Harrod has vehemently held that statics is equally applicable to various branches of economic science. The study of the working that when it is in motion. Likewise. for really […]

Significance of Economic Dynamics

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Significance of Economic Dynamics Realistic, Economic Dynamics is 1110 realistic and light-giving Ihan economic statics. It gives us a conspectus of the process of change and not just an analysis of the equilibrium·positiOn. Economic static assumes constancy of resources. population, state of technique. investment. tastes. ctc.. but all these ill reality are 1I0t constant. They undergo a continuous and endless change and […]

Limitations of COElOmic Statics

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Limitations of COMelodic statics The static analysis suffers from a few serious shortcomings: It takes us far away Irom the  It assumes variable data such as population, resources and techniques,  to remain  But the actual world is a dynamic one where  data arc continuously changing. Apt lv Prut , Edgeworth remarks.The treating of a constant variables 01/ different points […]

Significance of Economic Statics

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Significance of Economic Statics Simplicity. Though economic static is mostly unrealistic and unsuitable for most of the purposes, yet it enjoys the virtue of simplicity which has value of its own. None can deny that the study of the working of a propeller, while it is standing, is much easier than while it is in motion. In the same way, […]

Stationary Stale

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Stationary Stale The method of economic statics is generally associated with the concept of a stationary such where everything repeats itself from year to year. The economy d u 1. steadily like a gramophone repeating itself candle . However, the concept of a stationary state is a n ere methodological fiction devoid of any reality, . curd economies of India and China […]

ECONOMIC STATICS

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ECONOMIC STATICS Literally the word ‘statics’ implies causing to stand’. III common usage, the term static connotes a position of rest or absence of  movement. However, economic statics docs not imply absence of movement, rather it denotes a state in which there is a continuous, regular, certain and constant movement without change. It is a state wherein economic activity […]