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Q. Explain Labour Intensity?
Labour Intensity: Ratio of labour effort expended, compared to total on-the-job compensated labour time. A higher ratio of labour intensity reflects a more successful employer labour extraction strategy.
if a commodity has limited demand , should economist say that we still have a scarcity ?
Problem: (a) "Economics is the study of how society decides what, how and for whom to produce". Describe the importance of opportunity cost to a society. (b) Distinguish bet
Floating exchange rates There are two basic systems that can be used to determine the exchange rate between one country's currency and another's: a floating exchange rates (al
What are the 2 approaches in which results into a higher satisfaction?
give me three exceptional supply curves
if tc is 200 what will be marginal cost?
why does the quantity of education change in the private universities much more responsive than salt as to changes in price?
a) Consider the following flows (in thousand of people) between the various labour market states in a particular month: UE = 240 000; UNLF = 180 000; EU = 190 000; NLFU = 220 000
2ALBr3+3K2so4--->6KBr+1Al2(so4)3
Double Jeopardy A condition where an entrepreneur's main source of income and net worth depend on the entrepreneur's organization.
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