Can You Define Consumer Equilibrium By Hicks Approach With Schedule And Diagram?


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John Hicks is one of the most important and influential economists of the past century. The Theory of consumer equilibrium is also known as neo-classical theory of consumer equilibrium or Hicksian theory of consumer behavior. This approach is made for expelling the consumer's equilibrium who is confronted with the multiplicity of objectives and also the scarcity of funds. For details see the link below:

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