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    division of labor

    the way in which the work required to produce a good or service is divided into tasks performed by different workers

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Questions & Answers

what's money
Samuel Reply
money is anything that is acceptable as a medium of exchange and as a means of payment
how do we find injection and redrawer in national income equilibrium
Joelcurve Reply
what are the effects of unemployment
Charlotte Reply
It causes an increment in social vices... It also reduces the revenue the government generate (direct tax) because there will be few worker who pay their income tax due to the unemployment
unemployment leads to a fall in aggregate supply of goods and services
To reduce unemployment we have to consider a little inflation... but obviously there would ability to increase productivity.
what is elasticity
what is the Gist of Harrold-Domar growth theory?
Tikachandra Reply
The Harrod Domar Model is basically stressing the importance of savings and investments as key determinants of growth.
is the difference BTW monetary value of nation export and import over a certain period.
Gilbert Reply
Please what is the meaning of spending on Net Export?
what's the example of price floor
Sane Reply
what is taxes
Munsif Reply
calculation of GDP and GNP
Mahmudul Reply
what cause inflation to occur?
bijay Reply
Simply when Aggregate Demand is greater tham Aggregate Supply. There are two types of inflation: Cost push Inflation Demand pull Inflation
inflation mean when general price of aggregate supply is higher aggregate demand
Inflation is a situation when there is too much money in circulation and too few goods Causes Demand pull - when there is too much money with the ppl d demand for products increases which leads to a situation where demand is more then supply thus increases​ the price of commodity
inflation reduces the value of money
What is the macroeconomic growth?
Toma Reply
In goods market investment=savings. AD=AS is market equilibrium condition
Preety Reply
in goods market when aggregate deman equals aggregate supply(AD=AS)...equilibrium is established..
Hari Reply
what is the formula of market euilibrium?
Sandra Reply

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Source:  OpenStax, Macroeconomics. OpenStax CNX. Jun 16, 2014 Download for free at http://legacy.cnx.org/content/col11626/1.10
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