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Labour Extraction: Most employees under capitalism are paid according to time they spend at work. Though employers then face a challenge to extract genuine labour effort from their workers when they are on the job. Employer labour extraction strategies utilize a combination of supervision, labour discipline, technology (to control and monitor work) and threat of dismissal.
how has the haberlers theory of opportunity cost an improvement over the classical theory of trade
Illustrate and discuss the impliction of various market structures(competitive and non-competitive)
what happen when a new resources has been discovered for computer
critically analysis firm theory of profit maximization?
Why government cannot print new currency to pay the debts? When there is deficiency of internal resources then government borrow. Government can borrow either from central ban
Working of IFC: The IBRD loans are available only to member-country governments or with the guarantee of member-country governments. Further, IBRD can only make a loan but it
Principle Agent Problem [Dealing with hidden action] Assume that the employer (principle) wants its employee (agent) to work hard [You can safely assume that this maximizes th
Marginal Product (MP) of a Factor: From the above mentioned production function, immediately we can study the effect on total output when there is a variation in labour utlili
1. Let's get some practice plotting budget constraints. On the graph below, plot the budget constraints when: a. (Use Black): P x = 57,P y = 18, and M = 342. b. (Use Blue):
explain the central problem of economy with production possibility curve?
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