Describe the Personal distribution of income
Describe the Personal distribution of income?
Expert
1. It is defined as by separating the population equal parts into 5 numerically or in quintiles.
2. Each quintile are compared when Proportions of total income is obtainable.
3. Unequal distribution of income shows its Comparison. For example: the top quintile is relative to the bottom fifth it shows how many times greater the share of income.
Briefly describe the term Benefit Cost Ratio (or B/C Ratio) or Profitability Index (or PI)?
The theory of pricing for particular goods explained in Adam Smith’s Wealth of Nations is most consistent along with: (1) mercantilist doctrine. (2) Richard Cantillon’s distinction between “value in
Contrast a vertically integrated firm, a horizontally integrated firm, and a conglomerate?
Suppose you arrive at a store expecting to pay $100 for an item, but learn that a store two miles away is charging $50 for it. Would you drive there and buy it? How does your decision benefit you? What is the opportunity cost of your decision? Now suppose you arrive at a s
Elucidate reallocation of Government resources?
Why is it significant that economics is not a laboratory science? What problems may be evolved in deriving and applying economic principles?
Illustrate Freedom of enterprise and choice exist?
Relative to most of the other countries, the United States encompasses historically relied more greatly on: (1) Public resource ownership and private income distribution. (2) Decentralized decision making and private resource ownership. (3) Exports of textiles, automo
Describe World Trade Organization (WTO)?
Describe briefly Low financial leverage, low operating leverage?
18,76,764
1923373 Asked
3,689
Active Tutors
1428388
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!