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- 12. Why do businesses and governments often use utilitarian thinking to determine the proper course of action?How does the principle of duality influence decision-making in economics?5) How did Veblen criticised capitalist economy? What were the instincts which motivated different actors in a capitalist economy?
- Economics 8.The second rush of the pandemic has hit India with an overwhelming effect. With more than 300,000 new cases and 3,000 passes the nation over every day as of now, the complete number of passings has recently passed the 200,000 imprint – that is around one out of 16 of all COVID passings across the world. It is likewise apparent that the India insights are critical belittles. The harmfulness of the second wave in India is by all accounts identified with a conjunction of variables: government carelessness, driven by helpless information assortment and being trying to claim ignorance about the truth of the information; another variation with a hockey-stick molded development bend; and some extremely enormous and unregulated strict and political occasions. Obviously there is currently a compassionate emergency of huge extents. India is a nation of 1.4 billion individuals and makes up a 6th of the total populace. Economics How is it additionally going to influence the world…What are 4 examples of how non-rational human behavior can change an economic outcome?From Bertrand discus the importance of distinguishing appearance from reality