|
Normative
economics
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Positive
economics
|
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Applicable
for specific field
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Applicable
widely
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Decisions
are not on economic analysis
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Decisions
are on economic analysis
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Neo-classical
economists view
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Modern
economists view
|
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What
ought to be?
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What
is?
|
Sunday, June 11, 2017
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TYPES OF MICRO ECONOMICS
The analysis of microeconomics is always affected by time period. But there are still some economists who do not believe the time value...
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In common practice, working of the multiplier is affected by a larger number of dynamic factors which work over time. ... -
Marginal productivity theory of wages Economists David Ricardo and west first of all propounded the concept of marginal prod...
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