Economics

PART A Multiple choice questions Part - B Answer the following questions in one or two sentences 21. Define full employment. Answer: Full employment refers to a situation in which every able bodied person who is willing to work at the prevailing wage rate, is … [Read more...] about Theories of Employment and Income – Class 12 Text Book Solutions

Part – A Multiple choice questions Part – B Answer the following questions in one or two sentences 21. Define National Income. Answer: According to Alfred Marshall, National Income is defined as “The labour and capital of a country acting on its natural … [Read more...] about National Income – Class 12 Text Book Solutions