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Managerial economics, objectives of the business firm, fundamental economic concepts, law of demand, demand elasticity, demand forecasting, consumer behaviour. Peoples understanding of market behavior and how industries operate has its roots in the work done by european economists more than a century ago. The italian circuitist approach, in a handbook of alternative monetary economics, edited. As leland yeager has pointed out, unlike the scientists of the natural sciences, economists provide their ideas largely to politicians and political appointees who have rather different.
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