Describe the Functional distribution of income
Describe the Functional distribution of income?
Expert
1. Wages and salaries are 70 percent of total.
2. Income of Proprietor is under 10 percent of total that the income to self employed business owners, doctors, lawyers, etc. This is a combination of wage and profit income.
3. Less than one-fifth of total of Corporation profits, Capitalist income, interest, rent. (Note: rent may be negative because of the depreciation charged against rental income.)
Describe two kinds of efficiency Full production imply?
consumer's interview method for demand forecasting(point to point explain)
Write short note on Markets?
What persuades new firms to enter in an industry? Answer: Abnormal profit encourages new firms to enter an industry.
A positive responsibility played through speculators within a market economy is to: (1) find out price levels for entrepreneurs. (2) predict the quantity at that long run equilibrium would be attained. (3) inform government organizations of consumer p
Computing the cost of college education like the cost of books, tuition and materials, room as well as board, and spending money: (i) overstates the economic cost of a college education. (ii) accurately measures the economic cost of a college educatio
Why is it significant that economics is not a laboratory science? What problems may be evolved in deriving and applying economic principles?
The advocates of laissez-faire policies favor: (i) Govt. control of economy. (ii) Public ownership of all the resources. (iii) Income to be distributed according to requirement. (iv) Surpluses in the balance of trade. (v) Minimal govt. intervention in economy.
The cornerstone of typical economic theory derived through the work of Jeremy Bentham was the perception of (i) the wages fund. (ii) natural checks on population. (iii) increasing cost. (iv) utility. (v) surplus value. Q : Local expenditures and receipts for all Elucidate the Local expenditures and receipts for all local governmental units in 1996?
Elucidate the Local expenditures and receipts for all local governmental units in 1996?
18,76,764
1960205 Asked
3,689
Active Tutors
1447596
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!