Married men on average earn more income
Studies indicate that married men on average earn more income than unmarried men of the same age?
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Correlation does not necessarily mean that there is causation. The relationship might be entirely coincidental/dependent on various other factors which is not incorporated in the analysis. It is also possible that higher income is the variable that “causes” marriage.
Micro economics and macro economics:Economic theory can be widely divided into micro and macroeconomics. The word micro means small and macro means big.In microeconomics, we deal
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