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they lik money
yes
A rational self-interest.
It is a key assumption used in the study of economics and the choices that people make in pursuit of satisfaction.
usually act in a rational, self-interested way
they lik money
yes
A rational self-interest.
it is important on understanding the individual pparty of economics it is impotant in knowing the theory and assumption of economics it is important for the economist in planning especialy for the governerment planners it is important on understanding the individual pparty of economics it is impotant in knowing the theory and assumption of economics it is important for the economist in planning especialy for the governerment planners
It is a key assumption used in the study of economics and the choices that people make in pursuit of satisfaction.
usually act in a rational, self-interested way
Alfred marshall made a heroic assumption of 'cetris paribus' which means other things being equal/constant in economics. This assumption he used for the theories he put forth viz. theory of demand,theory of supply,theory of diminishing marginal utility,etc. Most of his theories come under the sub field- micro economics. The assumption of cetris paribus is the main, there are many others for each law besides cetris paribus.
define law of demand.explain it with the help of schedule and digram. also write its assumption and limitation
Fallacy of consumption is when you assume that all men are endowed with huge cocks ;-p <---------------8
My Completeness was created on 2004-07-26.
Ceteris paribus is a Latin phrase used widely in economics. It assumes that all things are equal, excluding outside variables.
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