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Structural Unemployment:
This is unemployment resulting from changes in the pattern of demand for goods and services or changes in technology.These changes may in turn alter the structure of the total demand for labour rendering some particular skill less in demand or may become obsolete. The demand for other skills however may expand. Unemployment in this case is the result of the composition of the labour force which does not respond quickly to new structures of job opportunities.
what is the reason behind studing this topic ?
Purchasing Power Parity (PPP): The exchange rate is determined by the relative purchasing power of currency withineach country. For example, if a product X costs Rs. 100 in I
Disadvantages of division of labour: Division of labour may also have disadvantages that may include the following: (i) Lack of Craftsmanship Division of labour does not m
Costs: If raw materials, machines and other things required for production could be made available freely then the study of the theory of the production and indeed, the study of
note for assignment
List two advantages of markets identified by the authors of the text. Markets can be a significant way of allocating resources. Markets include voluntary exchanges. Another b
How do you calculate marginal revenue, and monopolistic profit?
What is the marginal opportunity producing the first unit of paper? The marginal opportunity cost of producing the forth unit of paper?
give a detailed discussion on the term economics of scale as applied to economics, highting examples,limitation,and original of economics of scale.
(Cost minimization) a) What are the expressions for the marginal product of every of the two inputs in producing credit hours? b) What is the expression for the marginal r
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