Real economics and pecunairy economics
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Real economies are those associated with the reduction in the physical quantity of inputs, raw materials, various types of labour and capital.Pecuniary economies are those realized from paying lower prices for resources used in production and distribution of the products.
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Real economies are those associated with the reduction in the physical quantity of inputs, raw materials, various types of labour and capital. Pecuniary economies are those realized from paying lower prices for resources used in production and distribution of the products.
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