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Q. Explain about Social-Democracy?
Social-Democracy:It's a reformist political strategy that aims to win certain improvements in social and economic conditions under capitalism, without challenging underlying precepts of wage labour and production for profit.
Socialism: An economic system in that most wealth is controlled or owned collectively (through other public institutions, state or non-profit organizations) and operation of markets is influenced or managed through regulation and planning.
Assume that in the market there exist two types of workers where the principle cannot distinguish types. The two types only differ with respect to the disutility of effort. The dis
The Money Creation Process is explained below: We can now study the money supply or the creation process. Suppose the government wishes to buy pencils worth Rs. 10 for the offi
Program Spending: Government spending that is undertaken to provide useful public programs. Program spending includes both transfer payments which are intended to supplement the in
Major air pollutants can be sub divided into 2 catexampleories: Inorganic gases and particular gases. (A) Inorganic gases 1. Carbon monoxide (CO) CO is a colourless, lethal gas
nm utility index
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use supply and demand diagrams, how the following markets are affected in terms of pr
REGIONAL FINANCIAL INSTITUTIONS: You have read about regional international trading blocs in Block 5 Course MEC 007 International Trade and Finance. This unit deals with regio
Graphically illustrate how society decides on the number of police officers to hire
scope of microeconomics
Florida citrus mutual, an agricultural cooperative association for citrus growers in Florida, needs to predict what will happen to the price and output of Florida oranges under the
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