Role of public finance in developjng countries

-

 https://youtu.be/14ieRUQzmpc

Comments

Post a Comment

Popular posts from this blog

Monopolistic Competition – definition, diagram and examples

-
Image
Definition:  Monopolistic competition is a market structure which combines elements of monopoly and competitive markets. Essentially a monopolistic competitive market is one with freedom of entry and exit, but firms can differentiate their products. Therefore, they have an inelastic demand curve and so they can set prices. However, because there is freedom of entry, supernormal profits will encourage more firms to enter the market leading to normal profits in the long term. A monopolistic competitive industry has the following features: Many firms. Freedom of entry and exit. Firms produce differentiated products. Firms have price inelastic demand; they are price makers because the good is highly differentiated Firms make normal profits in the long run but could make supernormal profits in the short term Firms are allocatively and productively inefficient. Diagram monopolistic competition short run In the short run, the diagram for monopolistic competition is the sa...
Read more

NASA 3D Animation Shows How Gravity Levels Differ Across Our Planet Earth

-
Image
 IT  is no secret that gravity on Earth helps us and things stay on the ground.  The invisible magnetic force is spread across the planet, and from the looks of it, it isn’t going away anytime soon.  According to  NASA , gravity is determined by the mass and since Earth’s mass isn’t distributed equally across the planet, gravity also tends to change over time. NASA’s Gravity Recovery and Climate Experiment (GRACE) -- helps scientists look at levels of gravitational pull across the planet.          NASA. A few years ago, it shared a 3D visualization of a gravity model, on a geoid map of Earth -- a map showcasing Earth’s real shape and not the sphere ball we assume it to possess -- based on the data collected from using GRACE, that showed surprising variations in Earth’s gravity field.
Read more

Explain law of supply.

-
Image
Law of Supply Definition:  The  Law of Supply  posits that there is a positive relationship between the supply of a commodity and its price, such that the supply of the commodity increases with the increase in its price and decreases with the fall in its price, other things remaining constant. Here,  “other things”  are the factors that influence the supply of the commodity such as technology, input prices, price of related products, nature and size of the industry, government policy, etc. The law of supply is based on the notion, that as the price of a product increases the suppliers with an objective to maximize their profits increases the production of a commodity for sale. The concept of the law of supply can further be illustrated by  Supply Schedule and Supply Curve . Supply Schedule:  The supply schedule is the tabular representation of the different prices of the commodity and the corresponding quantities that the suppliers are willin...
Read more