Application The Costs of Taxation, THE GENERAL THEORY OF FACTOR. PRICING
Role or Factor Prices Price theory covers hoth product-pricing a factor ncmg So far we have studied product-pricing and now we turn to Iactor Pricing. The factor prices playa key role in the free- enterprise economy. Briefly i’II It is through factor prices that...
Application The Costs of Taxation
MIXED ECONOMY IN THE CONTEXT OF INDIAN ECONOMY The Industrial Policy Resolutions passed in 1948 and 1956 gave a concrete shape to the concept of mixed economy. According to the Industrial Policy Resolution of 1948, industries in India were broadly divided into four...
Application The Costs of Taxation
Critical Evaluation of Mixed Economy Let us assess briefly the working of the mixed economy system. Although, a we have aid above, all capitalistic economies have become more or less mixed economics. yet we do not propo c to make a survey of the working of the system...
Application The Costs of Taxation
CASE FOR SOCIALISM The evils of capitalism have given birth to socialism. Socialism has started as a reaction to industrial revolution that took place in the Western European countries. The industrial revolution of the Western European countries made some people very...
Application The Costs of Taxation
MARXIAN SOCIALISM Karl Marx. who wrote 111 11167 his famous book boo’ Das Kapital, the Bible of social.. is considered to be the father of scientific socialism. He traced to put the theory of socialism on a scientific basis. His theory led him to the inclusion...
Application The Costs of Taxation
I.M.:F AN IMPROVEMENT ON GOLD STANDARD There is n I doubt ‘hat the I.M.F a vast improvement on the gold standard. To maintain a gold standard was a very costly affair and it was also unnecessary. What matters is that a currency system retained the confidence of...
