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Behavioural Economics: A research methodology in economics which considers how human beings respond economically to various social, cultural, emotional, or interpersonal influences. This approach often relies on real-world economic experiments or games to gain insights into economic behavior.
Central Planning: An economic system in which crucial decisions regarding investment, consumption, interest rates, exchange rates, and price determination are made by central government planners (rather than determined by market forces).
Free Download all ECONOMICS notes in PDF for O & A level, Form one,two,three,four,five and six for Zimbabwe,Tanzania,Cameroon, Kenya,Zambia,South Africa, Nigeria, france, uk,us, Europe, Uganda and OTHER COUNTRIES AND ALSO FOR zimsec, Necta, Uneb, GCE,ecz, Jamb,neco, CBT etc.
Economics: Concerned with the production of goods and services, and the consumption of theses goods and services. Every country whether rich or poor has to make choices and is confronted with the key economic problem of scarcity.
Economics is the social science that studies the choices that individuals, businesses, governments and entire societies make as they cope with scarcity and the incentives that influence and reconcile those choices. The subject divides into two main parts:
(economic costs), and it is therefore earning normal profi t, or zero economic (supernormal) profi t break-even price A price at which the fi rm breaks even, meaning that its total revenues are just equal to its total costs (economic costs); at the break-even price the fi rm is earning zero economic (supernormal) profi t, but it is earning
Economics in real time : a theoretical reconstruction / John McDermott. Includes bibliographical references and index. 1. Microeconomics. 2. Time and economic reactions. 3. Prices. 4. Value. 5. Human capital. I. Title. I dedicate this book, With all my love.
