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Economics

Velocity of money

05/30/2012 By PowerInception.com

Why we give money to its value? Money has value because of its general acceptability. We accept paper dollars because we know that other people will accept dollars later when we try to spend them. Money has value to people because it is widely accepted in exchange for other goods that are valuable. Money and the price level Question: Do changes in the money supply affects … [Read more...] about Velocity of money

Difference between microeconomics and macroeconomics

05/27/2012 By PowerInception.com

 Definition of economics: Economics comes from Greek word "Oikonomia". Adam smith explained the definition of economics in his famous "Wealth of Nations" that "Economics is a science which enquires the cause of wealth. Prof. Marshall said, “A study of man's action in the ordinary business of life." Difference between microeconomics and macroeconomics. The difference between … [Read more...] about Difference between microeconomics and macroeconomics

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Proven 10 Best Circuit Breaker Panel For Ultimate Protection

Top 10 best circuit breaker panel for residential or commercial purpose for ultimate protection. Which brand is the best for circuit breaker panel? we found two most famous brand playing on the market for their quality material, high performance, uninterruptable protection. Siemens and Schneider Electric are the two most famous brand for the best electric […]

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