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Labour economics recognises the ability of man towards productivity. It measures the quality of work done and pays adequate remuneration for work dome. Labour economics determines the various category of labour for example,skill, unskilled etc. the study of labour economics gives employers the knowledge to equip employees the necessary tools to be able to perform. labour economics has generated other functions like labour law among others that regulate employer/employee relationship.
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How is economics like science?
Economics like science in every single aspect as it uses computations and statistics in providing solutions to the economy. This is actually one of the branches of science.
What does mfp means in economics?
MFP measures how efficiently an economy uses all of its physical, human, and technological assets.
What is labor force in economics and what are its determinants?
By definition, the labor force is the number of people employed and unemployed in an economy. The number employed is determined by people who currently hold jobs. The Fed uses 1 hour per week as employment. The number of unemployed is determined by those who do not have a job AND are actively seeking employment.
What is Definition and scope of macroeconomics?
Macroeconomics study large economic aggregates such as national income, aggregates demand and supply etc. It is that branch of economics that studies how society uses it scarce resources to satisfy it unlimited wants. whiles micro study individual markets in the economy, example the markets for plantain macro studies the economy as a whole. whiles micro uses partial equilibrium by the uses of "ceteris paribus" to explain economic phenomenon, macro uses full equilibrium analysis.
The way the government uses taxes and spending to stabilize the economy is called what?
Fiscal policy is the way the government uses taxes and spending to stabilize the economy. It is based on the theories of British economist John Maynard Keynes, also known as Keynesian economics.
What do physics and economy refer to?
Physics is the study of the properties of matter. Economy or actually Economics is the study of the human invention called money and how humanity uses it.
How is economics like science?
Economics like science in every single aspect as it uses computations and statistics in providing solutions to the economy. This is actually one of the branches of science.
What does mfp means in economics?
MFP measures how efficiently an economy uses all of its physical, human, and technological assets.
What is labor force in economics and what are its determinants?
By definition, the labor force is the number of people employed and unemployed in an economy. The number employed is determined by people who currently hold jobs. The Fed uses 1 hour per week as employment. The number of unemployed is determined by those who do not have a job AND are actively seeking employment.
What is Definition and scope of macroeconomics?
Macroeconomics study large economic aggregates such as national income, aggregates demand and supply etc. It is that branch of economics that studies how society uses it scarce resources to satisfy it unlimited wants. whiles micro study individual markets in the economy, example the markets for plantain macro studies the economy as a whole. whiles micro uses partial equilibrium by the uses of "ceteris paribus" to explain economic phenomenon, macro uses full equilibrium analysis.
The way the government uses taxes and spending to stabilize the economy is called what?
Fiscal policy is the way the government uses taxes and spending to stabilize the economy. It is based on the theories of British economist John Maynard Keynes, also known as Keynesian economics.
The way the government uses taxes and spending to stabilize the economy is called .?
Fiscal policy is the way the government uses taxes and spending to stabilize the economy. It is based on the theories of British economist John Maynard Keynes, also known as Keynesian Economics.
Can economics be a substitute of maths?
No. Economics uses a subset of mathematical concepts.
What is the meaning and uses of land in economics?
land in economics mean all natural resources
Explain the study of economics as a science?
Economics uses the scientific method in explaining human behavior.
What country uses a traditional system of economy?
The country that uses the traditional economy system is Cuba
What economy uses the equilibrium price?
a market economy
