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Relative income hypothesis Introduction :- According to keynesian Current level of income determines the consumption of an individual... -
ABSOLUTE INCOME HYPOTHESIS Introduction :- the consumption function was first introduced by John Maynard Keynes in 1936. His analy... -
Permanent income hypothesis Introduction :- The permanent income hypothesis (PIH), introduced in 1957 by Milton Friedman (1912–2006 )... -
Introduction The mechanism through which payments are effected between two countries having different currency system is called foreig... -
Objectives The objectives of this chapter is to study price- output decisions under non-collusive oligopoly. While going through this ...
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