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Coase Theorem

The Coase theorem is a fundamental concept in economics that describes the relationship between property rights and externalities. It states that in the absence of transaction costs, the optimal allocation of property rights will result in a situation where externalities are minimized. Key Principles: Theorem: According to the Coase theorem, if there are no transaction […]

3 mins read

Systematic Sampling

Systematic Sampling Systematic sampling is a probability sampling method that involves selecting samples at regular intervals from a population. This method is also known as spaced-sample selection or quasi-random sampling. Procedure: Select a sampling frame: Create a list of all elements in the population. Determine the interval: Calculate the interval size, which is the number […]

2 mins read

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