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Yogita Ingle 6 years ago
Microeconomics is the study of decisions made by people and businesses regarding the allocation of resources and prices of goods and services. The government decides the regulation for taxes. Microeconomics focuses on the supply, that determines the price level of the economy. It uses the bottom-up approach strategy to analyze the economy. In other words, microeconomics tries to understand human choices and resource allocation. Microeconomics does not decide what are the changes taking place in the market, instead, it explains why there are changes happening in the market.
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Yogita Ingle 6 years ago
Anura is the scientific name of frog and the most common species of Indian frog is Rana tigrina.
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Yogita Ingle 6 years ago
(a) Britain’s involvement in wars from 1793 and 1815 greatly affected its economy. Factories shut down and trade also suffered.
(b) Due to shutdown of factories workers became jobless. There was no capital formation and possibility of reinvestment during the war period.
(c) Britain had to borrow capital for carrying out its expenses during war. The prices of commodities also became very high.
(d) Moreover, Napoleon Bonaparte’s continental policy made the Britain to face the economic crisis. He blocked the trade market for Britain as a result of which goods from Britain could not reach the markets of other countries.
(e) There was an acute shortage of supply of commodities.
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Sachin Verma 5 years, 11 months ago
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