Resource payments correspond to resource categories
Explain the foundation of economics where society’s material wants are Resource payments correspond to resource categories?
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a. Rent as well as interest to providers of property resources
b. Wages as well as salaries to labour resources,
c. Profits to entrepreneurs.
Is transfer income involved in national income? Explain Why? Answer: No, since transfer income does not effect in the production of services and goods.
What is the scientific method and how does it relate to theoretical economics? What is the difference between a hypothesis and an economic law or principle?
Writ short note on the income of functional distribution?
Use the economic perspective to explain the behavior of the workers? Why do they work so diligently?
The person along with, arguably, the top claim to the name “founder of modern economics”: (1) John Stuart Mill. (2) Karl Marx. (3) John Maynard Keynes. (4) Joan Robinson. (5) Adam Smith. Hello guys I wa
Describe the Functional distribution of income?
“The legal form an enterprise assumes is dictated primarily by the financial requirements of its particular line of production.” Do you agree?
Define the term Market Economy and also state its advantages and disadvantages?
Describe four important areas to emphasize Expenditures?
While productive resources are utilized efficiently: (w) prices greatly exceed production costs for current outputs. (x) opportunity costs are at their minimums for all goods. (y) domestic production exceeds the value of foreign output. (z) the value
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