UNIT-5
What is Wage? Explain its features and importance?
Meaning of Wage: Wages refer to the monetary compensation that employers pay to employees in exchange…
Explain the Marginal Productivity theory of Distribution?
Introduction: The concept of marginal productivity theory is the heart of this theory of distribution. David…
Briefly explain the Ricardian theory of Rent?
Introduction: In the ordinary language, the term rent means any periodical payment made by a person…
Explain the concept of Quasi Rent.
Meaning: The concept of quasi rent was first introduced by Marshall. He explained that besides land,…
What is Wage Differentials? Explain the causes of Wage Differentials?
Meaning: The term wage differential refers to the wage differences which exist between different occupations or…
Explain the Loanable Funds theory of Interest?
Introduction: Loanable funds theory of interest is an extension of the classical theory of interest the…
Define Profit? Explain the Innovation theory of Profit?
Meaning: Profit refers to the financial gain or benefit that an individual or business receives from…
ECONOMICS – 1 – PRINCIPLES OF ECONOMICS
UNIT WISE IMPORTANT QUESTIONS: UNIT: 1. INTRODUCTION TO ECONOMICS. TEN MARKS QUESTIONS. SIX MARKS QUESTIONS. UNIT…
Explain the purpose and burden of public debt.
Introduction: Due to increase in the activities of the Government the volume of public expenditure has…
Explain the effects of public expenditure on production and distribution.
Public expenditure refers to the spending made by the government or public authorities to provide goods…