Keynesian unemployment, Managerial Economics

Keynesian unemployment

According to Keynesian theory of income and employment, unemployment occurs due to lack of effective demand. If effective demand is less, production of goods and services will fall which will further result in the unemployment of labour. Another feature of Keynesian unemployment is that unemployment of labour is associated with unemployed capital such as plant and machinery which tend to be idle during depression.

Posted Date: 11/30/2012 2:39:42 AM | Location : United States







Related Discussions:- Keynesian unemployment, Assignment Help, Ask Question on Keynesian unemployment, Get Answer, Expert's Help, Keynesian unemployment Discussions

Write discussion on Keynesian unemployment
Your posts are moderated
Related Questions

what is the full concept of discounting principles of managerial economics ?

The use of arc elasticity in economic analysis involves a good deal of chariness since it is capable of being misinterpreted. Arc elasticity coefficients vary between the same two

Q. Example on Relationship between marginal and average cost? This relationship between marginal and average cost can easily be recalled with the aid of Fig. below. It can be s

How does economic theory contribute to managerial decisions?

Q. What do you mean by Theory of Firm? Microeconomics especially the theory of firm, assumed importance and attracted considerable attention in the early 20 th century. This sh

is the sales maximization applicable

Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2

break event point

Q. Show the uses of income elasticity? A few significant uses of income elasticity are as follows: First, concept of income elasticity can be used to approximately compute t