ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!

[elemis]

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?

As econ growth is achieved more jobs are created. This reduces employment and increases peoples disposable income.

[YNWA]

can sum1 answer this question please?

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?? 

[theaguia]

well basically free trade is when you remove all barriers for imports like taxes, and this is open to all the countries

in trade agreements you make a deal with another country and this can be anything like removing taxes on certain products or say i will sell you wool at discounted rate if you give me wine at a discounted rate, so i think thats basically it just remember trade agreement is between specific countries

[$H00t!N& $t@r]

well basically free trade is when you remove all barriers for imports like taxes, and this is open to all the countries

in trade agreements you make a deal with another country and this can be anything like removing taxes on certain products or say i will sell you wool at discounted rate if you give me wine at a discounted rate, so i think thats basically it just remember trade agreement is between specific countries

oh ok i get it. Thanks! 

[someone]

can anybody explain to me structure of the current account? thx very much

[mido]

what is ment by regulation ??

[mido]

i dont know how to explain the macro-economic aims of the government?

[someone]

what is ment by regulation ??

a rule that regulates/affects smthing, in econ usually its connected to the rules about trade, where usually govt. impose tax to gain revenue/to reduce production(which reduces consumption) or when govt. regulating the amount of production by limiting the amount of production

[mido]

what is the advantages of mixed economy is it the advantages of both planned and free market economy ?

[someone]

what is the advantages of mixed economy is it the advantages of both planned and free market economy ?

it allows both govt. and ppl to control the resource allocation

[J.Darren]

i dont know how to explain the macro-economic aims of the government?

You will only be required to list them.

- Redistribution of income
- Trade balance
- Economic growth
- Price stability
- Full employment

[J.Darren]

what is ment by regulation ??

Laws imposed by the government on private producers that punishes them for activities that are associated with negative externalities.

- Pollution laws
- Red tape on foreign producers
- Product quality laws
- Worksite safety laws
- Minimum amount of domestic workers employed
- Minimum wage