Tutorspoint provides excellent economics solution for central planning homework help. Central Planning is practiced in most of the famous Communist or Socialistic governments in the world. It is an antithesis to the capitalistic economy. In Central Planning the planning for all the economic processes for the entire nation is done centrally by the government. Generally,…


Model Selection Specification Analysis Homework Help is a very important part of academic work in a process essay, dissertation, and thesis. The main goal of a professional expert is to show a difficult situation in the easiest form and reflect the essence of the subject. It is a perfect assignment for our experienced writers. Tutorspoint…


MARKET FAILURE It is the condition that arises when there us a freely functioning market. It happens when there is no way that they are able to allocate resources efficiently. The loss of this would be ultimately in the economic and the social welfare. This happens due to the fact that there are no outcomes…


Disposable Income Disposable Income is that income which is available to the individual after deducting the taxes from the income. It is that income which is left for expenditure/spending and savings. The income that enters into a household is subjected to many taxes and for that reason, Disposable Income is calculated. It is because of…


INTENSITY OF PREFERENCES   When there are not enough votes in the dollar voting process, then the product has no scope to survive for a long time in the market. They will disappear from the market. This is based on the intensity of the preferences of the customers. There is an important aspect of economics…


Description of Utility   It is the fundamental law of utility analysis. “The additional benefit which a person derives from a given increase in the stock of a thing diminishes with every increase in the stock that he already has” as stated by Alfred Marshall. Keywords: Utility, Cardinal, and ordinal approaches, Total and marginal utility,…