Law

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Law

The Concept of Law of Return

There‌ ‌is‌ ‌a‌ ‌study‌ ‌of‌ ‌the‌ ‌relationship‌ ‌between‌ ‌the‌ ‌inputs‌ ‌and‌ ‌the‌ outputs‌ ‌which‌ ‌is‌ ‌known‌ ‌as‌ ‌the‌ ‌theory‌ ‌of‌ ‌production.‌ ‌whereas‌ ‌theory‌ ‌of‌ ‌costs‌ ‌is‌ ‌the‌ ‌study‌ ‌of‌ ‌the‌ ‌relationship‌ ‌between‌ ‌the‌ ‌output‌ ‌and‌ ‌cost‌ ‌of‌ ‌production.‌ This theory of cost and the theory of production give a further understanding of the transactions in any economy […]

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