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Is an unequal distribution of income and wealth a problem? Explain in short.
Yes: because specified no government intervention, which on very low incomes cannot afford necessary goods and services and therefore experience social exclusion. High inequality produces alienation, threatens social cohesion and encourages crime.
No: because low inequality implies minimal profits and minimal differences into incomes incentives are necessary to reward risk taking entrepreneurs and employees to undertake overtime and look for promotion. Wealth finally trickles down.
The project management method envisages a hierarchy of plans. Define this hierarchy. At the top level, there would be a Project Plan which covers the major aspects of the proje
abnormal supply curve
You are dissatisfied along with the common level of presentation of one of your team. The quality of work is below your hopes. How will you deal along with this? You could take
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Assume that national income is initially at its equilibrium level when desired investment falls. We would expect an enhance in national income by an amount equal to the decreasing
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Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2
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What are the predictions of Lewis? For Lewis, Harrod Domar is right to emphasise the task of savings and investment although structural change and a new industrial sector are
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