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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.
different types of production funtion and curve given by different economist
Another school of thought developed what is called loanable funds theory of interest. Among the principle economists who contributed to the development of loanable funds theory men
AVOGADRO''S HYPOTHESIS In equal volumes of gases including all under similar conditions of temperature & pressure keeps equal number of molecules. Avogadro''s law and Applicatio
consumers oriented application
How do you calculate marginal revenue, and monopolistic profit?
ahmed has 500 dolars.asma has 700 dolars.cismaan has 800 dolar
Explain why both the PES and PED tend to be inelastic in the short run for primary goods. PED deals with (primarily) the ability and propensity of consumers to switch to other
argument against in favour of traditonel theory profit maximisation
state 3 major assumptions which a production posibility is based
short run equilibbrium
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