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Why and how the State should intervene through government apparatusin the economic sphere of the country, has been a significant discourse in economicsfor long. According to one theory, institutions of State and private property(following which, market) came into being simultaneously. Though this theory isn'taccepted it appears very plausible that State undertook to protect private property(along with life of its citizens) and charged fees for service in terms of a proportion ofproduce, which was largely agricultural corn so that it could support its protectiveforce. Though later on, as economy of a society developed in terms of commodificationof goods, its State presumed the charge to regulate some of its economic activities orsome aspects of many activities, such as standardization of weights and measures andcoinage. Still later, State intervened in commodity market by taxing or/and subsidizing different commodities with a view to impacting on (augmenting orreducing)their demands and supplies if they weren't, in its perception, in congruence withsocietal interest. Later, one finds that many community-oriented welfare activitieswere also presumed by State directly or through its subsidiaries.
Jack and Jill live alone on an island. Their labour supply schedules are identical and given by L = (1 - t)w, where t is the income tax rate and w denotes the wage. Jill''s wage
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In planning activities how are the decision arrived? what are the different stages of analysis? which factors can be ignored and why? state the manner in which a degree of success
The State attempts to oversee, as exemplified by Art. 39 (b) and (c) of our Constitution, that private activities may not cause harm to the common good and in case they do so corre
Question: You are the Head of the Public Relations Department of an airline company. Your Chief Executive has asked you to make a presentation on crisis management to senior s
A variety of interventions can affect outcomes. The important one are, intervention to solve coordination problem, information as an interventions, interventions to change the dyn
Q. Show the Traditional decision analysis? Traditional decision analysis rests on the key assumptions about the type of information available to the decision maker. Powerful B
Jenna's boss has decided to pay her a one-time bonus of $5,000. She decides to save the money until she retires, 4 years from now. She contemplates two savings options. Option A is
what id the definition of public debt burden?
strugling with research variables and problem
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