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Accounts; Economics; Business; Post your doubts here!

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In a Market Economy all resourced are owned privately.There is no government control over land,capital and labour.Businesses produce goods to make profit.The use of extending market system is that, Consumers are free to choose what they want to buy.Secondly, Businesses compete with each other and this could keep prices low.
waleed here we were supposed to first assume that the country concerned currently either has mixed economy or socialism. then we were supposed to tell features plus little bit advantages of market economy. then we would further elaborate by saying that quantity demanded and supplied will be decided by price mechanism and there would be no shortage nor excessive production because market force of demand and supply are there in market economy. see?? in this way we will answer such question. i asked my teaches yesterday.. hope it was useful.. :)
 
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waleed here we were supposed to first assume that the country concerned currently either has mixed economy or socialism. then we were supposed to tell features plus little bit advantages of market economy. then we would further elaborate by saying that quantity demanded and supplied will be decided by price mechanism and there would be no shortage nor excessive production because market force of demand and supply are there in market economy. see?? in this way we will answer such question. i asked my teaches yesterday.. hope it was useful.. :)
Oops! :p Ya Got it! :)
 
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Can any one tell me any way i can become better in explaining and giving reasons in ratio questions,which always are there in the paper ??
Im talking about Accounts here !
 
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hii guys m givng the same three of them subjects this year but i couldnt find the syllabuss for b.studies n accounts can any1 help me in that
 
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