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Wage Differentials: Market structure alone does not account for all of the differences in wages and employment. Market wage differentials arise from various other sources, including, (1) the variations in geographic immobility within segments of the U.S. labor force,. (2) the continuing racial and gender discrimination evident in the U.S. social fabric, and (3) dissimilarity in productivity that arise from abilities of workers.
Private Returns Versus Social Returns As there is subsidisation of education by the state in all countries (and a little higher subsidisation in developing countries) it happe
explain about rent theory
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would a rational producer be concerned with the average or marginal product of an input in dec
ADVANTAGES AND DIS ADVANTAGES OF MONOPSONY
RELATIONSHIP BETWEEN TFC ,TC ,TVC
The availability of credit and hire purchase facility tends to push up the demand for consumer durables. In India for consumer durables lie Refrigerators television scooters etc, h
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