<p>To know how to write a biography essay can be rather helpful in your life. For this reason, students are often assigned to write such papers like biography essays. It is necessary for a well-educated person to be able to write about the major and most important events of his life in a proper manner, while demonstrating good writing skills at the same time. Learning how to write a biography essay is possible for everyone. Of course, it will take time, especially if writing is not your strength, but if you make some efforts and undertake a number of essential steps and follow carefully the guidelines provided in this article, you will get your paper well-written soon. First of all, you need to choose the story that you would like to cover in your paper.</p>
According to Elroy Dimson and Massoud Mussavian (1999), Arrow-Debreu model originated as a model of general equilibrium that has been fundamental to economics and money. Compared to earlier models, the Arrow-Debreu model quite simply generalized the idea of a item, differentiating commodities by time and place of delivery. For example, "apples in Malaysia in July" and "apples in Singapore in June" are believed as different commodities.
Kenneth J. Arrow (1951) and Gerard Debreu (1951) work together to produce the first rigorous proof the existence of a market clearing equilibrium, given certain restrictive assumptions. This field of research has had a profound impact not only on economic science, but also on financial markets, institutions and businesses all around the globe. It often used as an over-all research for other microeconomic models.