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Explain about the content of factor markets and the distribution of income.
Content of factor markets and the distribution of income:
a. Factor distribution of income
b. Marginal productivity theory of income distribution
c. Wage disparities and discrimination
d. Time allocation and individual labor supply
Policy Implications: The expansion of the services sector has wider implications for population, employment, and trade prospects of the economy, some of which are as follows:
I can''t figure out how to graph the aggregate consumption function and the aggregate saving function
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how can we solve central problems of economy in different econmy?
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