New Bulgarian University The Market Model Essay

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1 What are the major differences between classical political economy and neoclassical economics? 

2 What is it about the deductive form of the market model that gives it a unique quality in the social sciences? 

3 Define briefly each of the premises or assumptions of the market model. 

4 Describe the three roles that drive the decisions within the market. 

5 Discuss the interactions among households and productive organizations in the market model. 

6 Explain how the markets for products and resources are central to the decision-making processes of the market. 

7 Explain how the process of economic growth works in the market. Include the roles of banks, bonds, stocks, and derivatives.

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