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Q. Explain about Real Wages?
Real Wages:Value of wages, adjusted for level of consumer prices. If nominal value of wages is growing faster than consumer prices, then real wages are growing and thus real consumption possibilities offered to workers are improving.
Features of monopolistic competition: Large number of firms in the industry. There are many small firms each supplying only a small share of the total market output. Hence, no
Employment The calculations of human input in the production procedure. In the United States, there are two major measures of employment, as determined by the Bureau of Labor
explain nature of microeconomic
Question 1: i) Elaborate on how CPI is used to calculate inflation and what are the limitations of such a measure? ii) Growth is always beneficial. Discuss iii) Explain
TRADE AND ECONOMIC GROWTH : Foreign trade has worked as an 'engine of growth' in the past (witness Great Britain in the 19th century and Japan in the 20th, besides others), an
Plot the demand schedule and draw the demand curve for the data given for Marijuana
is it just assumed that a monopoly graph is showing economic profit instead of accounting profit
how to draw a table of the demand and supply scdule
What is micro static analysis?
If a minimum wage were imposed below the competitive equilibrium what would we expect to observe in the effected labor markets?
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