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How does the novel "Home Fire" by Kamila Shamsie linked with the economy.
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- What is meant by economicsThe economy can be represented by economic models. One of the models we use to understand the economy is a “Circular Flow Diagram”. Sketch a Circular flow model and explain the flow of money and flow of goods and services and factors of production caused by the following activities. Sana spends Rs.500 on a haircut. Mustafa receives Rs.200,000 from his 10 per cent ownership of Salman Chemicals Ltd.why is the economy not self-correcting? What can be done about it?
- Microeconomics deals with __________. a. Economy as a whole b. Aggregate demand and supply c. Income and employment d. Individual units in an economyWhat Are the Big Disagreements in Macroeconomics? Briefly highlight the views of classical and Keynesian economists.With the aid of the diagram, describe the four major sectors in an economy according to the macroeconomic point of view.