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List of determinants of consumption expenditure [Explained]

Updated on April 13, 2022 by Ahmad Nasrudin

List of determinants of consumption expenditure Explained

Knowing the determinants of consumption expenditure is essential. Governments often look for ways to stimulate consumption to encourage economic

Category: Blog

How elasticity affects total revenue

Updated on April 12, 2022 by Ahmad Nasrudin

How elasticity affects total revenue

Before answering how elasticity affects total revenue, you need to recall the following concepts in economics: Own-price elasticity of demand. It

Category: Blog

How substitution affects elasticity?

Updated on March 20, 2020 by Ahmad Nasrudin

How substitution affects elasticity

The presence of substitution affects elasticity because it provides alternative choices in consuming products or services If a substitute product

Category: Blog

How are the production possibility curve and the opportunity cost interrelated?

Updated on April 12, 2022 by Ahmad Nasrudin

How are the production possibility curve and the opportunity cost interrelated

The production possibility curve or production possibility frontier is a graphical representation that shows the combination of outputs that might be

Category: Blog

Hidden Unemployment: Types, Causes, Effects on the Economy

Updated on September 4, 2022 by Ahmad Nasrudin

Hidden Unemployment Types Causes Effects on the Economy

What's it: Hidden unemployment refers to people who are unemployed, but not reflected in official unemployment rates. It includes those who stopped

Topic: Hidden Unemployment, Unemployment Category: Blog

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