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... to the polled experts: assessments of the present economic situation as well as expectation for the coming six months have again been strongly upgraded. This positive trend already began in spring 2005, and the surveyed experts are fairly optimistic concerning its continuation. In China, the economi ...
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1 SWEEZY AND THE MONTHLY REVIEW ON CAPITALISM AND

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... Development and Current State”,2005, Edward Elgar 4.For political business cycle theories see Wikipedia from the web or any other Standard text 5.Rosalind Levacic and Alexander Rebman “Macroeconomics”,1982, McMillan Module IV: Modern Developments A.Classical School: The new classical macroeconomics ...
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FREE Sample Here

... new advertising campaign is described as opportunity cost. Answer: FALSE Explanation: Opportunity cost refers to the value of the most appealing alternative from all those that weren't chosen. In other words, opportunity cost is a way to measure the value of what you gave up when you pursued a diffe ...
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Economic planning

Economic planning is a mechanism for economic coordination contrasted with the market mechanism. There are various types of planning procedures and ways of conducting economic planning. As a coordinating mechanism for socialism and an alternative to the market, planning is defined as a direct allocation of resources and is contrasted with the indirect allocation of the market.The level of centralization in decision-making in planning depends on the specific type of planning mechanism employed. As such, one can distinguish between centralized planning and decentralized planning. An economy primarily based on central planning is referred to as a planned economy. In a centrally planned economy the allocation of resources is determined by a comprehensive plan of production which specifies output requirements. Planning may also take the form of directive planning or indicative planning.Most modern economies are mixed economies incorporating various degrees of markets and planning.A distinction can be made between physical planning (as in pure socialism) and financial planning (as practiced by governments and private firms in capitalism). Physical planning involves economic planning and coordination conducted in terms of disaggregated physical units; whereas financial planning involves plans formulated in terms of financial units.
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