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Define Disposable Incomeand dumping
Disposable Income : The amount of income left after as deductions as income tax, pension contributions and national insurance. More generally called as 'take home pay'.
Dumping : The sale of goods in a foreign country at a price below that charged in the home market. This will often be completed at below cost price to dispose of surpluses of goods, or to establish markets.
Patricia nominal annual income
What barriers to economic growth can be explained using the Harrod-Domar model? Definition and outline of the Harrod-Domar model; growth in national income = savings ratio over
What should be the decent/appropriate growth rate in any country? Answer: A growth rate of among 2-3% is considered normal for mature developed countries; for LICs, 5-7% is
define economics in plural sense. .
Equilibrium Exchange Rate: The theory of exchange rate determination explains how demand and supply of foreignexchange interact and jointly determine the equilibrium exchange
explain the marginal produtivity theory
Exchange Rate Policy: LERMS, a dual exchange rate system, was introduced in the Budget for 1992-93. Under this system, 40 per cent of foreign exchange earnings were to be sur
typical assumptions
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Economic Reforms and Reduction of Regional Disparities: Another important objective of development is to reduce regional disparities. Government has been helping the backward
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