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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.
how to find opportunity cost on PPc
Marginal rate of technical substitution in the theory of production is similar to the concept of marginal rate of substituent to in the indifference curve analysis of consumer dema
WHAT ARE ROLE AND ASUMPTIONS OF ECONOMIC THEORIES
List four characteristics of monopolistic competition
Managerial Economies: These are many managerial economies associated with large-scale production. A large firm is in the position to employ more highly qualified and speciali
#question.what is probability and laws
explain stages and various coordination mechanism involved in policy process
Selective in Exports: There are many industries where India has an advantage because of relatively lower costs of all forms of manpower whether it is professional or factory l
what is bains theory ? describe with the diagram
What is the difference between MRTS & MRS?
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