File: Welfare Economics Notes 129704 | Lecture Notes For Egware R A
lecture notes course code aee 211 course title principles of agricultural economics compiled by mr r a egware lecturer ii department of agricultural economics benson idahosa university benin city nigeria ...
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...Lecture notes course code aee title principles of agricultural economics compiled by mr r a egware lecturer ii department benson idahosa university benin city nigeria outline meaning definitions subject matter traditional approach consumption production exchange and distribution modern microeconomics macroeconomics methods economic investigation deduction induction importance branches objectives farm management scope finance micro vs macro need for marketing definition basic terms concepts in goods services free utility cardinal ordinal approaches characteristics forms value price wealth attributes types distinction between welfare law diminishing marginal statement assumptions explanation limitations the equi practical consumer s surplus difficulties measuring no is popularly known as queen social sciences it studies activities man living society are those which concerned with efficient use scarce means that can satisfy wants after needs viz food shelter clothing have been satisfied p...