Explain: Economies of scale represents the situation when long run average total cost decreases as output increases, while diseconomies of scale occur when long run average total cost increases as output increases, and constant returns to scale occur when costs do not change as output increases. In this diagram, at …

This is the time when the world is having a fight with coronavirus but still at this crucial time, Russia and Iran are fighting on Oil prices concerns. Saudi Arabia including panic buying and grounding flights has decimating supply chains of Oils with Russia. For the past 3 years Saudi …

Introduction of Effect of Coronavirus and Oil War in The World Economy Coronavirus is that virus or problem which is now days spread around the world and it is affecting badly every single factor of the economy in the overall world. Every field or working that is related to people …

1.      Explain the causes of the global financial and economic crises that started in the U.S. in 2007.Ans. Abstract:  Crises are the worst things that badly affect the economy of country at global level. Much type of crisis faced by U.S. in 2007.financial and economic crisis will affect the GDP …