0
Is economic and social stratification a necessary component of society in order for that society to increase its per capita economic output why or why not?
That depends on your perception of the theoretical equality-efficiency trade-off. Some economists and philosophers argue that efficiency gains specifically require the existence of inequalities of allocation and distribution due to asymmetric abilities and knowledge of humans. Opposingly, others believe that there can be little social deadweight loss by choosing more equal distributions of wealth. In general, neo-classical, microeconomic theory, optimising subject to a grand utility possibility frontier (UPF or UPP), argues that there are infinitely many possible allocations of wealth that are efficient.
What else can I help you with?
What is economic growth and why is it necessary?
Economic growth is a term to show the GDI increase. However, not everyone would consider it necessary.GDI = Gross domestic increase
An increase in sales and profits generates the necessary cash required for economic growth?
An increase in sales and profits does not necessarily mean an economy will grow. The economy will only grow if the sales and profits are substantial in size.
Which of the following economic terms describes an increase in product price without the increase of money's worth?
Inflation is the economic term that describes an increase in product price without the increase of money's worth.
Disadvantages of free trade?
increases competition increase unemployment economic restructuring increases competition increase unemployment economic restructuring
Economic growth may be represented by a?
Economic growth is represented by an increase in demand for products and therefore, an increase in employees being hired.
What is economic growth and why is it necessary?
Economic growth is a term to show the GDI increase. However, not everyone would consider it necessary.GDI = Gross domestic increase
What processes resulted from the growth of manufacturing during the Industrial Revolution?
INCREASE IN INEQUALITY OF SOCIAL CLASSES got it correct on apex
Why if you increase the angle of the inclined plane the acceleration of the trolley will increase?
If the angle is increased, the tangential component of the weight will increase, while the normal component - the one that causes friction - will decrease.
What micro economic policy changes would you recomand to increase south Africa's export potential?
micro economic policy to increase S.A exports potential micro economic policy to increase S.A exports potential micro economic policy to increase S.A exports potential micro economic policy to increase S.A exports potential micro economic policy to increase S.A exports potential micro economic policy to increase S.A exports potential micro economic policy to increase S.A exports potential
An increase in sales and profits generates the necessary cash required for economic growth?
An increase in sales and profits does not necessarily mean an economy will grow. The economy will only grow if the sales and profits are substantial in size.
Which of the following economic terms describes an increase in product price without the increase of money's worth?
Inflation is the economic term that describes an increase in product price without the increase of money's worth.
What component of financial planning is attempts to increase income?
obtaining
Disadvantages of free trade?
increases competition increase unemployment economic restructuring increases competition increase unemployment economic restructuring
Economic growth may be represented by a?
Economic growth is represented by an increase in demand for products and therefore, an increase in employees being hired.
What is the name of the component that is used to increase or decrease alternating voltage?
A transformer is used to increase or decrease alternating voltage.
What condition reduces the required runway for takeoff?
Increase headwind component.
Is a component added to increase the communications ability of a computer?
Data integrity
