Comparability principle, Managerial Economics

The comparability principle

Associations representing workers providing services - clerical, postal, teaching, etc. - have always attempted to  apply the "principle of comparability" with wages of those in similar occupations, though it is often very difficult to compare workers in different occupations, since no two jobs are alike.

Posted Date: 11/29/2012 5:13:53 AM | Location : United States







Related Discussions:- Comparability principle, Assignment Help, Ask Question on Comparability principle, Get Answer, Expert's Help, Comparability principle Discussions

Write discussion on Comparability principle
Your posts are moderated
Related Questions
PUBLIC SECTOR BORROWING REQUIREMENT (PSBR) Public Sector Borrowing Requirement (PSBR) is the amount which the government needs to borrow in any one year to finance an excess e

Development of Transportation and Marketing Facilitates: The expansion of an industry may expedite the development of transportation and marketing facilities that will decrease th

Fixed Costs (FC) These are costs which do not   vary with the level of production i.e. they are fixed at all levels of production.  They are associated with fixed factors of p

CAPITAL MARKETS Markets in which financial resources (money, bonds, stocks) are traded i.e. the provision of longer term finance - anything from bank loans to investment in pe

Using the National Output for Calculating National Income A final method which is more direct is the "output method" or the value added approach .  This involves adding up

Using the same simple macro model we developed in Module 2: a.  Show what will happen to national income (GDP) if the administration implements another $100 (billion) stimulus s

Q. What do you mean by Cost Function? Cost function is a derived function. It's derived from the production function that describes the efficient method of production at any gi


Explain Managerial economics according to Mote and Paul Haynes, Mote and Paul:  "Managerial economics refers to those characteristics of economics and its tools of analysis mos

Gains From International Trade The gains from International trade are to make the participating countries better of than they would have otherwise been.   This will be the res