just because its science. if it can be it is.
Marginal Variable Product (MVP) = Difference between TVP2 - TVP1
Labour is a variable,Population,Stock etc are variables
wha tis the real money
When used in economics, the term multiplier refers to a proportion factor that measures how much a variable happens to change in response to a change in another variable. The most common multipliers in economics are money multipliers and fiscal multipliers.
Real-world economics review was created in 1933.
just because its science. if it can be it is.
In economics, it refers to how changing one variable changes others.
In economics, the units of measurement for elasticity are typically expressed as a ratio or percentage, without specific units. It is a measure of how responsive one economic variable is to changes in another variable.
A nominal variable is a variable measured in current dollars (the value of the dollar for the specific period discussed), and a real variable is a variable measured in constant dollars (the value of the dollar for the base period). That is, a real variable adjusts for the effects of inflation.
It is a monomial.
Economics is all about real life situations. All resources are limited and economics is simply about making decisions to use those resources efficiently.
Marginal Variable Product (MVP) = Difference between TVP2 - TVP1
Labour is a variable,Population,Stock etc are variables
John Maynard Keynes"Father of Economics" some says that "Adam Smith" is the real father of economics
It is a term.
wha tis the real money