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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
Why might economic growth not be compatible with sustainable development? Define economic growth; enhance in national income during a time period. Explain sustainable developme
In this section, we ask you to write down a simple, formal, mathematical model. A small number of points will be awarded for an intuitive discussion of the problem, but most of the
how has the haberlers theory of opportunity cost an improvement over the classical theory of trade
what is law of variable proportions?
Since World War II, North Korea has had a centrally planned economy in which the government makes the big decisions on how resources will be allocated. Why would you expect North K
what is the buying power of one''s income?
1).Explain a coordination failure. Using the Prisoner's Dilemma example above, discuss coordination failure. 2). What's a Market Failure? Please define the circumstances under w
What are the "three basic economic questions" that economists often address when examining how much economic output is formed? The three basic questions are: a) what is prod
what is the profit maximising quantity of L
Explanatory research is research conducted in order to describe any behavior in the market. It could be done by using questionnaires, group discussions, random sampling, interview
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