Describe the Personal distribution of income
Describe the Personal distribution of income?
Expert
1. It is defined as by separating the population equal parts into 5 numerically or in quintiles.
2. Each quintile are compared when Proportions of total income is obtainable.
3. Unequal distribution of income shows its Comparison. For example: the top quintile is relative to the bottom fifth it shows how many times greater the share of income.
Explain Self-interest of the Market System?
Explain the statements: Entrepreneurs and business are at the helm of the economy.
Briefly state the pros and cons of Partnership?
In perfectly competitive market, the market demand and market supply curves are provided by Qd = 1000 −10Pd and Qd = 30Ps. Assume that the government gives a subsidy of $20 per unit to each and every seller in the mark
Question: A country with a fixed or managed exchange rate would consider i.___________________ its currency to gain competitive advantage vis-à-vis its trade
Why entertainment tax comes in indirect tax? Answer: Since its burden can be shifted to others.
Illustrate the term Economic Rationale?
Evaluate and explain the statements: “The market system is a profit-and-loss economy”
1. The owner of a firm calculates that next year's profit will be $1,000. Each successive year profit will increase by 10% (i.e. year 2: $1100; year 3: $1210 and so on.) At the end of the 5th year the firm could be sold for $20,000. A) if the appropriate di
The new supply and demand curves within University City are S0 and D0. But after the county commission imposed a $3 per six-pack excise tax upon beer: (1) demand fell to D1 from the perspectives of beer dealers. (2) co
18,76,764
1925551 Asked
3,689
Active Tutors
1452157
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!