Qualification > Commerce
ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
elemis:
--- Quote from: rhea on June 08, 2010, 06:53:16 pm ---how do we explain income increase in economic growth?
high A.D.-greater demand for factors of pr=oduction-labour demand high-higher wages?
do we explain the multiplier effect?
--- End quote ---
As econ growth is achieved more jobs are created. This reduces employment and increases peoples disposable income.
YNWA:
--- Quote from: darknite12394 on June 08, 2010, 06:44:09 pm ---can sum1 answer this question please?
--- End quote ---
At the start of one's career income may be low due to the fact that it is a starter position. With time, greater experience is gained combined with the probability of acquiring training and this would increase the value of the worker to the firm and perhaps lead to an increase in wage/salary. Also, over time employers would increase employee wages due to loyalty to the firm. The fortune of the business the individual is working in could change, high profits could mean higer salaries paid out to employees. The career prospects of the worker would widen as he gains more expertise in his field of operation, there may be chances of promotion consequently leading to higher income. The individual may come across some form of unearned income (lottery, inheritance) and this could increase his income. After retirement, income flows are likely to reduce, limited to profits made from early investments and the like..
:)
darknite12394:
thanx a lot for the answer ! :)
+rep for u
$H00t!N& $t@r:
guys what is the difference between free trade and trade agreement? ???
$H00t!N& $t@r:
hello??
any1 there?? :-\
Navigation
[0] Message Index
[#] Next page
[*] Previous page
Go to full version