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The concept of laissez-faire price and wages are best determined?
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How are wages determined in a free market?
by the laws of supply and demand
What does prices and wages should be determined by the marketplace?
it means the amount that someone gets payed should be determined by where they work, how they work, the amount of work, and what they're working for(type of work)
What decrease would likely cause the selling price of houses to decrease?
Decreased mortgage interest rates and a decrease in construction workers' wages would both be likely to cause the selling price of a house to decrease.
Are wages decided by the government in a command economy?
com·mand e·con·o·mynounan economy in which production, investment, prices, and incomes are determined centrally by a government.
Was improved wages the main effect of the Nazi economic policies?
Improved wages was the main effect of the Nazi economic policies due to the fact that sales had increased from 1934 to 1938 and the improved wages but the rising prices of food were negating the improved wages but the other effects were as important as the improved wages such as the falling unemployment, working conditions and the price rises.
What is concept of wages?
Wages are a payment for services of labour whether mental or physical,wages includes fees, commission and salaries
How are wages determined in a free market?
by the laws of supply and demand
What are the Forms of wages?
Wages have been classified into three different categories. The categories are living wages, minimum wages, and fair wages. Living wages are often defined as the wages needed in order to provide the necessities in order to live; such as food, clothing, and housing. Minimum wage is determined by the government, and are the lowest wages one can legally earn. Fair wage is the mean between the living wage and the minimum wage.
What was created to stabilize both wages and prices?
Office of Price Administration
What does prices and wages should be determined by the marketplace?
it means the amount that someone gets payed should be determined by where they work, how they work, the amount of work, and what they're working for(type of work)
Why did wages rise between 1860 and 1890?
price of goods went down
What was the price of a tv in 1950?
About £15, the monthly wages of the average household in 1950.
How much is the price of one nard alabaster?
In the Bible times it was about a years wages.
An increase in the aggregate price level will increase?
a clause in a contarct that automatically increases wages to account for increases in the price level
How did collectives in the soviet union avoid the compitition that drives a free market?
The government determined prices, wages, and products.
How did the collectives in the soviet union avoid the competition that drives a free market?
The government determined prices, wages, and products.
What has the author Keith Sydney Isles written?
Keith Sydney Isles has written: 'Wages policy and the price level' -- subject(s): Prices, Wages
