The correct sequence of three levels at which analysis of economy is carried out are
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Governors/Administrators of the states and union territories of India have similar powers and functions at the state level as that of the President of India at Union level
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The main types of economic analysis are-
Cost- effectiveness analysis (CEA)
Cost- utility analysis (CUA)
Cost- benefit analyses (CBA)
Explanation:
- What is economic analysis? Economic analysis is the evaluation of costs and benefit. The main type of economic analysis are-
Cost- effectiveness analysis (CEA)
Cost- utility analysis (CUA)
Cost- benefit analyses (CBA)
- The example of economic analysis is- an employ's decision to hire a new worker.
- Economic analysis is very important because it helps charities and their funders to compare the value of the impact created by social intervention with cost of creating it.
- GDP that is Gross Domestic Product is used for economic analysis.
- There are some areas of economic analysis-
Assess Macroeconomic Context, Assess Demand, Identify Economic Rationale.
Hence, the correct sequence is- Cost- effectiveness analysis (CEA), Cost- utility analysis (CUA), Cost- benefit analyses (CBA)
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