Here knowledge is dominant (the K-sector) and the producers of consumption goods (the C-sector) are in decline. The third sector is large and low paid (the S-sector). The K-sector controls the new technologies and wields monopoly power. Both wages and profit decline in the other two ...
Describe why, in classical model, the economy can be self correcting, and the Keynesian critique of this argument. One of the main differences between how Political Economists view discrimiantion compared to Neoclassical economists is that. A. Neloclassical E...
country all the year round and bring warm and wet air from the Atlantic Ocean. Thirdly, Britain is suiTounded by seawaters, which can balance the seasonal differences by heating up the land in winter and cooling it off in summer. 4. What are the present features of the climate of ...