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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.
Assume that you have a client that is a paper manufacturer and they have expressed concern that the government will pass a new regulation banning the use of chlorine based technolo
law of diminishing returns
National income: The national income or product or expenditure provides a measure of total value at factor cost of final goods and services, which are available either fo
A government official announces a new policy. The country wishes to eliminate its trade deficit, but will strongly encourage financial investment from foreign firms. Explain why su
What is Diverstification?
Q. What is Cost effectiveness analysis? Cost effectiveness analysis A method which seeks to identify the least cost option for meeting a particular objective. It actives prior
prove that the utility approach and the indifference curve yield the same consumer equilibrium.
explain consumer equilibrium diagrammatically as well mathematically by using necessary and sufficient conditions
unemployment is voluntary, discuss in view of the classical economists and the keynesian
The demand for every productive resources is a derived demand. By derived demand it is meant that it is the output of the resource and not the resource itself for which is a deman
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