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What is meant by minimum wage?
The minimum wage is the minimum rate a worker can legally be paid (usually per hour) as opposed to wages that are examined by the forces of supply and demand in a free market. In most cases, the minimum wage acts as a price floor. Every country sets its own minimum wage laws and regulations, and most of the countries have no minimum wage.
explain the main criteria for classifying firms into industries.which criteria serve the better and why?
price effect
if coast of good A fall by Rs.1 & coast of good B increases by 1 Rs. what will be the effect on budget line
the basic circular flow model suggests that...
The act of production involves the transformation of inputs into output. Production is a transformation of physical inputs into physical inputs into physical output. The output is
The prevention of major swings in economic activity can be handled most easily by the
if marginal cost descreases then what else is effected by this
Devil's Advocate Explicit role undertaken by a group member who actively questions and challenges the group's ideas, procedure, and decisions. Such active questioning helps de
Valence Bond Theory Explains, but does not predict the shape. Valence Bond Theory Cannot explain colour and spectra. Valence Bond Theory Qualitative explanations; does not expl
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