Two Approaches

Two Approaches There are two well known approaches to pricing under perfect competition, partial equilibrium approach and the general equilibrium approach.first in set by Alfred Marshall and the second by Walrus. We have already discussed partial Equilibrium and...

TRADE POLICEY

TRADE POLICEY A trade policy is a government policy that directly influences the quantity of goods and services that a country imports or exports. Trade policy takes various forms. One common trade policy is a tariff, a tax on imported goods. Another is an import...