Define involuntary unemployment
Involuntary unemployment: Involuntary unemployment terms to a condition in which people that are willing to work are unable to obtain work.
Bank rate: This is the rate at which the central bank loans money to commercial bank.
People in whole the world confront the difficulty of scarcity at always because: (i) restricted resources and times preclude producing all the goods people need. (ii) greedy capitalist monopolies charge excessively high prices. (iii) international mar
Economic growth is measured by the rate of increase in national output, GDP. The output depends on inputs -labour, capital technology etc. the theories of economic growth bring out how and to what extent each input or factor contributes to the g
What is the base of categorizing receipts into revenue and capital receipts?
What are the strength and weakness of using per capital national income? give explained answer for query
If households become more willing to hold less cash and more stocks or bonds, the
Economic systems differ according to which two main characteristics?
Time Bound: It is essential for bank to lay goals and also have the deadline for the completion of each goal. To be a market leader bank needs to work hard. They need to dedicate more time and resources to attain required success. A time associated wi
The usual household maximizes the utility by spending all its money to purchase and consume a combination of goods which yields: (1) Fundamental physiological requirements and customary wants. (2) Maximum status and the social prestige. (3) Complete satisfaction of al
Explain the main features of Harrod - Domar Growth model. How does the Harrod Domar model explain the occurrence of trade cycles?
18,76,764
1948366 Asked
3,689
Active Tutors
1446539
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!