BA.LLB

Explain the classical theory of employment.

Introduction: The classical economist believed in the existence of full employment in the economy. To them full employment was a […]

Introduction: The estimation of national income refers to the process of calculating the total economic output of a country over […]

INTRODUCTION: The estimation of national income refers to the process of calculating the total economic output of a country over […]

Meaning: Macro economics is that branch of economics which deals with the study of aggregate or average behavior of the […]

Introduction: The subsistence theory of wages originated by the French economist in the 18th century and was developed by Adam […]

Risk bearing theory of profit: This Theory of risk bearing was put forwarded by American economist professor Bernard Hawley in […]

Introduction: According to classical economist the rate of interest is the price paid for the use of capital. Loanable funds […]

The concept of quasi rent was first introduced by Marshall. He explained that besides land, other factors also get rent […]

Introduction: The Marginal Productivity Theory of Wages is an economic theory that explains how wages are determined in a competitive […]

Introduction: Ricardo was of the opinion that rent arises due to differences in the fertility of land but the modern […]