max account of percapita output that can be generated in agiven time while leaving natural wealth
The right shift in economics means that there is an increase in income.
Disposable Income
Jacob Marschak has written: 'Income, employment, and the price level' -- subject(s): Consumption (Economics), Income, National income 'Economic information, decision, and prediction' -- subject(s): Mathematical models, Organization, Decision making, Economics, Mathematical, Mathematical Economics
From what i know the macro and micro economics are complementary into gross national income since in order to find national income both must be applied so that to know the total nation income.
Price theory can be referred to as Micro economics and income as Macro.
PCY means per capita income!
when was the concept of moment of force first applied
National income minus social security contribution, Corporate income taxes, undistributed corporate earning, and transfer payments.
Yeah
In economics, there is an inverse relationship between consumer demand and income levels for inferior goods. This means that as income levels increase, the demand for inferior goods decreases, and vice versa.
Percapita income is income per head.It is calculated by total income by total population.Therefore it is treated as a Macro concept.Percapita income is expressed in countrywise .Percapita income of USA is twice the income of India
Its change in consumption over change in disposable income