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Explain about the content of factor markets and the distribution of income.
Content of factor markets and the distribution of income:
a. Factor distribution of income
b. Marginal productivity theory of income distribution
c. Wage disparities and discrimination
d. Time allocation and individual labor supply
Theories of Chamberlin’s monopolistic competition and Joan Robinson’s imperfect competition have revealed that a firm under monopolistic competition or imperfect competition in lon
Durability of the Commodity: With some commodities, we require one at a time and they are used for a very long time before they get spoilt. Examples of such goods are cars, tele
Explain how a floating exchange rate works and the variables which affect the rate. Define a floating exchange rate as the price of a currency (in terms of another or basket of
#question meaning ..
MRTS and Marginal Productivity The change in output from change in labor equals: The change in output from change in capital equals
what is the nature of microeconomics?
what is the theory of Second best? Prove the theorem with the help of a diagram.
#question.describing risk,preference towards risk, the demand for risky assest.
why slopes of is and lm curves affect effectivness of fiscal and mnetary policy?
Strong Domestic Economy: We have to realise that healthy export sector can be built up only on a strong and efficient domestic economic structure. A sound domestic economy is
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