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The higher the productivity , the higher the living standard of the country. It also contributes in growth in output and income of the country.
What else can I help you with?
Explain why some economists argue that payment by cheque is thesame as giving trade credit?
Some economists argue that payment by cheque is the same as giving trade credit since both involve transactions which are not made in cash .
How do you explain why economists usually oppose controls on prices.?
Economists typically oppose price controls because they can lead to market distortions, such as shortages or surpluses. When prices are artificially capped, it can discourage production and investment, leading to reduced supply. Additionally, price controls can disrupt the natural mechanism of supply and demand, resulting in inefficiencies and misallocation of resources in the economy. Overall, economists argue that allowing prices to fluctuate freely helps maintain a balanced and efficient market.
What were the Physiocrats and what economic policy did they argue for?
Physiocrats were a group of pre-classical economists in France who argued that the wealth of a country was made from the productive work of its labour, especially in agriculture. They advocated support and capital investment in agriculture.
Those who advocate the marginal productivity theory of income distribution argue that?
Resource markets will set incomes based on workers' contributions to the output of scarce goods and services
What does an imposition of a price ceiling lead to?
Economists would argue that a price ceiling will lead to demand outrunning supply, leading to a shortage of the product. Although a few "real world" examples back this up, there are no set in stone answers to such complex issues.
Explain why some economists argue that payment by cheque is thesame as giving trade credit?
Some economists argue that payment by cheque is the same as giving trade credit since both involve transactions which are not made in cash .
Some economists argue that at low levels of GDP lower than the long-run level of output?
Some economists maintain that under the conditions of a liquidity trap. Today, most economists favor a low and steady rate of inflation.
How do you explain why economists usually oppose controls on prices.?
Economists typically oppose price controls because they can lead to market distortions, such as shortages or surpluses. When prices are artificially capped, it can discourage production and investment, leading to reduced supply. Additionally, price controls can disrupt the natural mechanism of supply and demand, resulting in inefficiencies and misallocation of resources in the economy. Overall, economists argue that allowing prices to fluctuate freely helps maintain a balanced and efficient market.
What are topic sentences two main functions?
Capture the readers interest and to explain, or to discuss and argue for your thesis.
What were the Physiocrats and what economic policy did they argue for?
Physiocrats were a group of pre-classical economists in France who argued that the wealth of a country was made from the productive work of its labour, especially in agriculture. They advocated support and capital investment in agriculture.
Those who advocate the marginal productivity theory of income distribution argue that?
Resource markets will set incomes based on workers' contributions to the output of scarce goods and services
What is argue in math?
Argue in Math is when you protest the answer or suggestion that is chosen. For example (4+2)3= 12 that equation is wrong so you put it in the right way, solve and explain it that would be called an argue.Hope this helped! :)- AestrellaT
What do social scientist argue about race?
a social term, not an important physical construction.
What is the role of government in economic cycle?
There is a divided opinion between the free market(or classical) economists and Keynesian economists in this argument The Free market economists argue that the government shouldn't have any role whatsoever in interefering with the market and should let the market continues on its normal business cycle. The Keynesian economoists would argue that the government has a role to "tame" the economic cycles (making less boom and also less recession). However, economic cycles are a natural occurance in any economic system and can't be destroyed (or doesn't yet has an example of an economic cycle being destroyed.) Most governments however do interefere with the market (an example would be huge stimulus packages by governments during the global recession of 2008-2009).
Is it really important to a person to have a religion or something that he must believe?
That depends on the person. It's important to some people, and isn't important to others. The ones to whom it's important might argue that it will be important to the others at some point in the future (i.e. after they're dead). The ones to whom it's not might argue the exact opposite.
What does an imposition of a price ceiling lead to?
Economists would argue that a price ceiling will lead to demand outrunning supply, leading to a shortage of the product. Although a few "real world" examples back this up, there are no set in stone answers to such complex issues.
Why was Pennsylvania better than the two regions?
Pennsylvania had more great people and They <lways had to argue about it!!! SO This is the best answer about this because Its Population And Important people are A lot to say so that had to argue!!!
