Government expenditures on goods and services
Explain Government expenditures on goods and services and transfer payments?
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1. Government purchases directly use or employ resources to produce goods or services measured in domestic output.
2. Government transfer payments are not directly part of domestic output, but include payments like social security, unemployment compensation, welfare payments.
Changes in government purchases of goods and services, expenditures on transfer payments, and total spending as percentages of U.S. output, 1960 and 2000.
Describe briefly high financial leverage, low operating leverage?
Elucidate the growth record of the United States?
Even people who are extremely good at everything couldn’t encompass: (i) absolute benefits in approximately everything. (ii) Much higher incomes than average. (iii) Comparative benefits in everything. (iv) Superior natural endowments of talent. Q : Enterprise is dictated primarily by “The legal form an enterprise assumes is dictated primarily by the financial requirements of its particular line of production.” Do you agree?
“The legal form an enterprise assumes is dictated primarily by the financial requirements of its particular line of production.” Do you agree?
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numbers of sellers in pure competition?
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Illustrate Professional and personal applications?
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