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We have inverse aggregate supply and demand curve and our product is sold at the market equilibrium price. We know that a demand curve is downward sloping, that means there will be less goods demanded at ...

Again, structure is really important here.
Looking at why they might be lower:GDP per capitaInfluence of population growth Dependency ratios Life expectancySector employment (developing countries hav...

‘Interest rates’ refer to the return on savings and cost of borrowing in a country. If interest rates were to fall in a country, such as the UK, it would become less profitable to save money there. This m...

Before starting, it is important to note that the property market is different to other markets as building new houses/flats takes time, so the supply of accomodation cannot be increased quickly. Therefor...

The production possibility frontier is the reflection of the maximum productive potential of an economy. Any point on the curve shows a combination of two goods that an economy can produce given that all ...