Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Determine the oldest ideas in economics
One of the oldest ideas in economics is that increases in technology certainly run into natural resource scarcity and so lead to increase in the numbers of people though not in their standard of living of productivity. This idea was proposed into economics late by Thomas R. Malthus who was to be first academic professor of economics (Adam Smith had been a professor of moral philosophy) at the East India Company's Hailey bury College.
Malthus saw a world in that inventions and higher living standards led to increase in the rate of population growth. With higher living standards women ovulated more frequently. More pregnancies were successfully carried to term. Better-nourished children (and adults) had a better chance of resisting diseases. Furthermore when incomes were high new farmsteads are relatively ample and getting the permission of one's father or elder brother to marry was easier. For these reasons both biological and social, a higher standard of living back before 1800 led to a faster rate of population increase. And faster rates of population growth increased natural resource scarcity and lowered productivity until once again people were so poor and undernourished that population growth was roughly zero.
More details on mixed bundling
An individual derives utility from consuming goods X and Y according to the following estimated utility function U = 12X 2/3 Y ¼ X and Y are quantities (units) of
I''m having trouble with this problem.....I must have missed the class that it was discussed in. I''m more confused with the interpreting the equations with all the Labor demand/La
how to compute the price of a laptop increase of 20% and there is a 40% drop in the aquantity demanded
Reasons for International Trade?
??????? ??? ???? ??? # 100 ?????? #Minimum ?????? ?????
What is black marketing? Black Marketing means hoarding of sure commodity to sell it at higher prices. But it is an illegal activity in the economy and makes artificial shorta
What is the impact of microeconomics on economy?
1. Consider an individual facing a wage rate w . There's a total of 100 hours available for work or leisure in a week. (a) Represent his budget constraint graphically (b)
Suppose a family earns £1,500 per month and can either pay £0.50 per square foot in monthly rent for an apartment in the private rental market, or accept a 1,500 square foot house
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd