Aggregate supply! What is the shape of Keynesian aggregate supply curve. In a short run free market capitalist economy the national income and employment is determined by the aggregate supply and aggregate demand.
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What are the various factors that determine supply? A supply schedule and supply curve show that the supply of a product is function of its price. However, the supply depends not only on the price of a product but on several factors.
What are the different kinds of elasticity of supply? Elasticity of supply of a commodity is the degree of responsiveness of the quantity supplies to changes in price. Like the elasticity of demand, the elasticity of supply..
What are the factors that determines the elasticity of supply of a commodity? Elasticity of supply plays a very important role in determining prices of products. The extent of rise in price of a commodity depends on the elasticity of supply.
Law of Supply:What are its assumptions? Supply of a commodity is the function of a price. The law of supply depicts this functional relationship between price of a Commodity and its supply. Unlike law of demand, the quantity supplied generally varies directly with price.
How the price of a factor of production is determined by the forces of demand and supply? The marginal productivity theory of factor pricing is Incomplete by itself. It suffers from many defects.
The supply and demand theory of interest explained. Capital is demanded by the investors because of its productivity. A firm or a producer demands capital as he wants to grow with production.
The demand and supply side of the modern theory of rent explained. Modern theory of rent is an improvement or modification over the Ricardian theory of rent. Economists like Marshall, Mrs. Joan Robinson and Bounding contributed to the ideas of rent which is called modern theory of rent.
Sometimes you need to write urgent enquiry letters about Raw Material Supply. Below you can get lucid information on it.
Till 1967-68, the R.B.I, used to publish only a single measure of money supply. From 1967-68 the R.B.I. started publishing additionally a broader measure of money supply, called aggregate monetary resources, (A.M.R.). It was explained as M plus the time deposits of banks held by the public.