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What are the disadvantages of informal economy?
Disadvantages of the informal sector are as illustrated below:
• don’t pay direct taxes;
• Can produce important pollution and
• Pay scant about health and safety matters.
Draw the line of competition
Question: (a) Discuss the conditions necessary to achieve Pareto Efficiency. (b) Competitive markets are generally assumed to lead to a Pareto optimal allocation of resource
Problem 1: (a) Suppose the government decides to implement a minimum wage to help low-income workers. How will the minimum wage affect the demand for labor and what does this i
What are the limits of national income (NY) statistics in measuring development within a country? National income statistics simply show changes in GDP (Gross Domestic Product)
demand and supply curve for luxury goods
Explain the notion of the hidden momentum of population growth. Why is this an important concept for projecting future population trends in different developing nations?
is industrial ethics contradictory?
Technological development is taking place at a very fast rate in all the fields like mechanical metalluringical chemical electrical and civil. These days every man is surrou
1. Three clients of Disrup, Ltd P, Q and R are direct competitors in the retail business. In the first week of the year P had 300 customers Q had 250 customers and R had 200 custom
Explain the statement "during the second quarter of 2010 Irish gross domestic product fell by 1.2%. According to given statement Ireland's gross domestic production fell down i
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