Explain the concept of a production possibility curve. Enumerate its assumptions. Illustrate it with the help of an example.

A production possibility curve (PPC), also known as a production possibility frontier (PPF), is a graphical representation of the various combinations of goods and services that an economy can produce…

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What is the difference between an estimate and an estimator? Explain all the properties of an estimator with reference to BLUE.

An "estimate" and an "estimator" are terms commonly used in statistics to describe different aspects of the process of determining an unknown quantity or parameter based on available data. Understanding…

Continue ReadingWhat is the difference between an estimate and an estimator? Explain all the properties of an estimator with reference to BLUE.

What are the various global sources of financing? Discuss the salient features of depository Receipts Scheme, 2014.

As of my last update in September 2021, various global sources of financing are channels through which entities, governments, and businesses can raise funds from international markets. These sources include:…

Continue ReadingWhat are the various global sources of financing? Discuss the salient features of depository Receipts Scheme, 2014.