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Q. State the Keynesian Theory of employment?
Under employment Theory, Govt interference Aggregate Demand- Aggregate supply- Effective demand, Income and employment consumption and Investment expenditure. Y= e+ I, Y= e+ S Diagramme:- Equality between Saving & Investment Equalibrium at less than Full employment
Define the Production Possibilities Curve
Ask qExplain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether consumers regard the com
Explain the micro and macro economic issues that can be represented on the PPC
How are the limitations of the economics theory affected? Limitation of Economic Theory: While examining the generality of an economic theory, one must realize any assump
Derivation of compensated demand curve: Hicksian compensated demand function for x 1 is given by x 1 =x 1 (p 1 , p 2 , U), where Hicksian compensated demand curve for a good
What does Keynesian consumption function say about tax cuts
Production Process: Production is a process that transforms factors of production or inputs into output of goods and services. Production may be classified into extraction, ma
Question: There is widespread belief that the process of globalization has largely bypassed Sub-Saharan Africa, leaving the sub-continent in a state of marginalization in the w
Motives of regional financial institutions: There are mixed motives for the donor countries to provide development assistance to developing nations. While a desire for poverty
Types of production function
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