Positivevs Normative Economics are two branches of modern economics. The first one, Positive economics, is built upon facts and figures and the real state of the economy. It gives us the cause-and-effect relationship of events around us. It deals with the “what is” state of the economy,...
Mean of Negative Numbers We have seen examples of finding the mean of positive numbers till now. But what if the numbers in the observation list include negative numbers. Let us understand with an instance, Example: Find the mean of 9, 6, -3, 2, -7, 1. ...
The meaning of IRON LAW OF WAGES is a statement in economics: wages naturally tend to fall to the minimum level necessary for subsistence —called also brazen law of wages.
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If we could re-run the reel of history with Bernie as Democratic presidential candidate in 2016, there is an excellent chance he would have won the election by offering a real path forward to common people, and we could now be living in a period of positive transformative change. Instead...
The wrestler’s strength was always more than a merely personal statement. More often than not, the men who strained and struggled understood themselves to be involved in a religious endeavour. Prayers, incantations, and rituals of purification were for centuries an important aspect of the hand-...
leading to a powerful positive feedback loop causing dramatic societal transformation. We are seeing this in today’s world. There is little doubt that we are currently in the midst of one of the great critical transitions of the human journey, and yet it is not at all clear where we will...
On the positive side, it helps keep the low cost of capital as it is a cheaper source than equity and a small increase in profit magnifies certain return ratios. On the other hand, however, it may negatively create solvency issues and increase its financial risk. Flexibility - The financial...
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Exclamatory Sentences: In this article, you will learn the meaning, definition, usage and points to be remembered when forming exclamatory sentences. Take a look at the examples given as well so as to have a far better understanding of the same.