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Determinants of Private Demand - Waiting-Time for Employment
‘Waiting time’ for employment is another important factor. The waiting time varies from course to course. For instance, it is lowest for medical and para-medical courses while it is highest for Arts graduates. It is common practice to relate ‘employment’ i.e. number of persons employed, to the time period for getting ‘first employment’.
Thus, if the employment rate is 50 per cent for a course with a waiting period of ‘six months or less’, it means that out of the total numbers qualified and interested in taking up job, half of the total number could secure jobs within the first six months of qualifying the course. Evidently, with increased waiting period, the number of employed should go up.
Business Meeting Etiquette: Before meetings, the correct way to arrange a meeting is to take an appointment 3 to 4 weeks before, even though it is known that generally gatherings w
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Theory of revenue
Where minimum efficient scale is very huge for capital intensive operations, it may be more cost effective to allow one company to spread its fixed costs over a very huge number of
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A competitive firm produces output using three fixed factors and one variable factor. The firm’s short-run production function is q = 154x – 5x2, where x is the amount of variable
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