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Q. Market Income and Socialism?
Market Income: A household's total pre-tax income obtained from its activities in formal economy, including salaries andwages, investment income and small business profits. Excludes government transfer payments.
Market Socialism: A form of socialism inwhich productive companies are owned through non-profit forms or public, but relate to each other by markets and competition (with little or no central planning).
reasons for and against free trade with foreign sector
marries model
Divisional Str ucture Some organizations run as a number of divide, autonomous business units, synchronized by a central headquarters. This is a divisional structure.
Q. What is Corporation? A corporation is a form of business established as an independent legal entity, separate from individuals who own it. A main benefit, for owners, of thi
What simplifying assumptions does the traditional macroeconomic model make (in addition to those made in the NIPA)? The simplifying assumptions are: 1) The household and i
illustration for demand of big macs using indifference curve and budget line
GROWTH OF REGIONAL FINANCIAL INSTITUTIONS: We find many levels of groupings of nations in the international arena. Groups of countries that share borders often have semi-perma
Economies of scale are advantages obtained from a company becoming large and diseconomies of scale are additional costs inflicted because a firm has become very large. The causes
Aggregate household indebtedness: This is the purchasing power of the sum of money outstanding that households have borrowed and are currently obligated to repay. If household
The cross elasticity of demand calculates the responsiveness of the quantity demanded of one product to alters in the price of another product. For example, the quantity demanded
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