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Chapter 1 - Intro (Why (maximize profits, Markets and competition,…
Chapter 1 - Intro
Why
maximize profits
Markets and competition
Government intervention
Globalization
What
Infinite wants
finite resources
Factors
Labour
capital
Land
enterprise
organizes
Production frontier
Macro/micro
Economies
Market
Private
Mix
Planned
government
Cost of opportunity
Resources
Application
Data
Cross sectional
panel
Time