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non-accelerating-inflation rate of unemployment nairu this theory is a variant of neoclassical natural rate of unemployment as in original natural
q explain nominal gdpnominal gdp nominal gross domestic product measures total value of all the services and goods produced and traded for money in
q explain about neoliberalismneoliberalism a modern harsher incarnation of capitalism that became dominant globally beginning in early 1980s largely
neoclassical economics is dominant approach to economics currently taught and practiced in most of the world and particularly dominant in anglo-saxon
natural rate of unemployment according to neoclassical economics wage rate is determined by a process of labour-market clearing in which employers
q explain about natural monopolynatural monopoly in some industries economies of scale are so strong that it makes most economic sense for there to
q define about mutual fundmutual fund a financial vehicle that involves pooling investments in the shares of many different joint stock or publicly
q strength of the multiplier in microeconomicsmultiplier an initial stimulus to spending in form of new consumer business or government purchases
q what do you meant by multinational corporationmultinational corporation a multinational corporation mnc is a company that directly undertakes
money broadly speaking money is anything which can be used as a means of payment for instance to settle a debt it includes bank deposits actual
q what do you meant by monetary targetingmonetary targeting a policy which attempts to directly limit the growth in total supply of money in the
q role of monetary policymonetary policy monetary policy reflects the use by government and government agencies mainly the central bank of interest
q what is monetarismmonetarismmonetarism was a right-wing economic theory associated with work of milton friedman in particular which believed that
q define migration in microeconomicsmigrationits the movement of human beings from one country or region to another sometimes migration is motivated
mercantilismit is an economic theory from pre-capitalist times which held that a countrys prosperity depended on its ability to produce large and
q market income and socialismmarket income a households total pre-tax income obtained from its activities in formal economy including salaries
managers top directors and managers of larger companies who are assigned the task of organizing disciplining workers initiating production and
long waves longer-term periods of stagnation or growth in the economy that can last for a decade or more and reflect broader changes in technology
labour supplytotal number of workers available and willing to work in a paid position generally measured by the labour forceeven though the labour
q describe labour market segmentationlabour market segmentation deep and systematic differences among various groups of workers in which different
q explain labour intensitylabour intensity ratio of labour effort expended compared to total on-the-job compensated labour time a higher ratio of
q definition of labour forcelabour forcetotal population of working-age people who are willing and able to work and who thus have lsquoentered labour
labour extraction most employees under capitalism are paid according to time they spend at work though employers then face a challenge to extract
q what is joint stockjoint stock a form of business in which companys assets are jointly divided among a large number of different individual owners
q what do you meant by investmentinvestment investment represents production which isnt consumed though rather is utilized in the production of other