Any time the PPC curve shifts outward it indicates economic growth, however reaching a point outside of an PPC can be reached by using trade.
to break this down, the strongest will survive in free trade (this is the easy way to say it). if you have an unstable economy and no central govt. you will fail and will not be able to participate in free-trade (Laissez-fair)
Parallel economy related to the black money or unaccounted money. It causes big loss in the tax revenue for the government.
parallel
factor pricing means the payments made to various factors of production .for example- land,labour ,capital,entrepreneur gets rent,wages,interest and profit respectively for their contribution in production. under perfect competition supply of labour is perfectly elastic.(i.e. supply curve is drawn parallel to x-axis.). to understand factor pricing ,one needs to get acquainted with marginal productivity theory of production first which states that factors are paid the value of their marginal physical product.price of a factor is determined by its total demand and supply schedules.
First of all the economy failure can be divided under two categories, namely macroeconomic and micro-economic failure. Macroeconomic failures are more grave than the latter and can only be corrected by the government by ensuring policies. For example a new tax policy or wages policy can ensure a new source of income to resolve the failures temporarily. If a micro-economic failure occurs, this can be very easily solved by providing goods, funds or services directly to the affected party. Another way of solving micro-economic failures, this time on the market, can be by creating parallel markets, which will then provide competitive ways of restoring the affected market.
Not necessarily.
Not necessarily, but can be.
Not necessarily.
Sometimes, but not necessarily.
Not necessarily.
Not necessarily; A square, rectangle, rhombus, parallelogram all have some parallel sides, but a kite does not have any.
Not necessarily. A heptagon-based pyramid is an octahedron and it has no parallel faces.
In theory there are a infinite parallel universes, one for each possibility.
Not necessarily
Not necessarily. They could be skew lines, and satisfy these conditions.
Theoretically, there are infinite parallel universes in the multiverse, however it is not necessarily widely accepted that the multiverse exists.
Not necessarily.