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Economics

What is the Public Private Partnership

Public Private Partnership

Partnership mostly is defined as the collaboration of two or more individuals or two or more sectors or two or companies or two or more governments. Anything that involves the involvement and influence of more than two entities to lift and make the business prosperous. Sharing of profits and liabilities. In a general partnership company,

Gross Domestic Product (GDP)

Gross Domestic Product (GDP)

Gross Domestic Product (GDP) GDP is an estimated value of the total worth of a country’s production and services, within its boundary, by its residents whether nationals and foreigners, generally calculated over for one year or some specified time period. It can also be understood as production within boundaries of a country irrespective of production

Monopoly

Monopoly

A Monopoly is said to exist when a person/firm/company is the only supplier of a product/commodity or service. Pure monopoly – where only one producer exists in the industry In reality, rarely exists – always some form of substitute available Monopoly exists, where one firm dominates the market Firms may be investigated for examples of

Oligopoly

Oligopoly

An oligopoly is a market condition or form which occur when market or industry is dominated by a small number of sellers called as oligopolists. Oligopolies can result because of various forms of collusion which reduce competition and lead to higher prices for buyers. Competition between few. May be a large number of firms in the industry but

Ricardian Theory of Rent | Urban Economics

Ricardo theory of rent

Ricardian Theory of Rent – A brief history Ricardo formulated the “law of rent” around 1809 also known as Ricardian Theory of Rent. The Law of Rent states that the rent of a land site is equal to the economic advantage obtained by using the site in its most productive use, relative to the advantage