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Introduction of Micro-Economics — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsIntroduction of Micro-Economics1 Mark
Question
Give two examples of growth of resources.
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Answer

  1. Supply of skilled labour (like IT engineers) has increased in India causing a rightward shift in the production of IT software.
  2. Discovery of oil reserves in the gulf countries has caused a substantial shift to the right in the PPC of these countries.

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