KEYNESIAN ANALYSIS

Economics Assignment Help Online

KEYNESIAN ANALYSIS We shall now briefly summarise the Keynesian analysis regarding the relationship between wages and employment as under:  (1) In the first place, Keynes agreed with the classical  economists that other things being equal, employment varied inversely with the level of real wages. That is, when real wages rose, the volume of employment was curtailed, and vice versa. In […]

When Price Discrimination is Possible

Economics Assignment Help Online

When Price Discrimination is Possible I already mentioned, a monopolist can practise price discrimination by dividing his market into submarket and charging different prices in the monopolist can keep these sub-narke absolutely separate. According to Pigou, there are two main conditions for this purpose:-  it should not be possible to transfer any unit of the commodity from one sub-market to another. That is. […]

Capital output Ratio

Economics Assignment Help Online

Capital output Ratio Capital-output Ratio meaning. Apart from the ratio of tion to the aggregate national income the r  output depend upon the couple outpct  capital-output ratio may be defined as the relationship of investment JO a given cc n my or in  given time I riod 10 the r I of indu: try f r   millar […]

Conclusion

Economics Assignment Help Online

Conclusion We may thus conclude that perfectly competitive  markets are con distant with the  attainment of maximum social welfare On the other hand monopoly monopolistic competition and oligopoly do not promote social welfare because of some inherent   characteristics.The main reason Is that efficient allocation of resources is possible   nder perfect competition but Get Any Economics Assignment Solved […]

Marginal Social Productivity Criterio

Economics Assignment Help Online

Marginal Social Productivity Criterion A more general criterion of indictment proposed is that of social marginal productive  According to this criterion. those investments should be made in which social marginal productivity is the highest. Those who advocate social marginal productivity as the main investment criterion have also deduced several corollaries as practical guides to policy. Some of these are: (I) A given volume […]

Monopolistic Competition

Economics Assignment Help Online

Monopolistic Competition Under monopolistic competition, efficient all nation of resources is not possible as under perfect  competition .. Under monopolistic competition. the demand curve is not tangential to the average cost  survey  at its lowest or optimum point. On the other hand demand curve is tangential to the average cost   curve at a point higher than the […]

Hicks Revised Theory of Demand

Economics Assignment Help Online

Hicks Revised Theory of Demand Hicks’ first theory of demand was presented in his book ‘Value and Capital.’ He revised his theory and published his book . A Revision of Demand Theory’ in 1956. Samuelson’s revealed preference theory, the growing importance of econometric and  other allied developments led to this revision. In .revision of the demand theory. Hie em […]

Inflation and Forced Saving

Economics Assignment Help Online

Inflation and Forced Saving Taxation, surpluses of public enterprises and borrowings are non-inflationary methods of resource mobilisation and are ideal methods for achieving economic growth with stability. But the under-developed countries are under strong political pressure to hasten economic development and for that purpose adopt ambitious plans of economic (il There is the forced saving mechanism of inflation, Rising prices due to […]

MODERN THEORY OF RENT

Economics Assignment Help Online

MODERN THEORY OF RENT Modern theory of rent does not confine itself to the determination of the reward of only land 8.” a factor of production. Rent according to the modern sense can arise in respect of any factor of production. It is a surplus payment in excess of transfer earnings of that factor. We have already explained that transfer […]

SOCIAL IMPORTANCE OF INTEREST

Economics Assignment Help Online

SOCIAL IMPORTANCE OF INTEREST Every society. socialist or capitalist. is faced with the problem of using its scarce resources in an optimum manner. Capital resources are scarce everywhere even in a socialist society. Its Allmatic Function. In all types of societies, therefore, all projects have to go through a screening process to find their place in the order of priorities. Even in a […]