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What is Supply-side Economics Market Freedom?
Markets must be allowed to work more freely and steps taken to improve this efficiency by:
freeing them from government controls (e.g. income policy, minimum wage regulations, pricing policies of the nationalized industries);
promoting competition;
restricting the power of trade unions;
the privatization program;
introducing competition in the natural monopolies by new devices;
removing institutional barriers in the capital market (e.g. exchange control, the Stock Exchange);
using the rate of interest (the price of liquid capital) as the main weapon for adjusting aggregate demand.
Q. State the Marginal Productivity Theory. What are its features and assumption? Marginal Productivity Theory of distribution states that in a capitalist economy the demand for
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How do you figure out the answer to this question: You are a student at a university. You pay $8,000 per year in tuition, $5,000 per year in living expenses, and $1,000 per year fo
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