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 Tejvan Pettinger  For the past 40 years, China has been one of the strongest performing economies – transforming itself from a developing economy to an unprecedented level of prosperity. However, in recent years, there have been concerns the rapid rate of growth in China is beginning to...

 Tejvan Pettinger  A typical supply curve shows an increase in supply as wages rise. It slopes from left to right. However, in labour markets, we can often witness a backward bending supply curve. This means after a certain point, higher wages can lead to a decline in...

Author: vsanthakumar The BJP government headed by Narendra Modi plans to transfer 6000 Rupees per annum to the account of small farmers. Rahul Gandhi has offered to make a cash transfer to ensure a minimum income to all poor households. This seems to be the time of...

The Four Major Statistical Scales of Measurement 1. Nominal or categorical The nominal or categorical statistical scale of measurement is used to measure those variables that can be broken down into groups. Each group has attributes distinctly different from the other. The most commonly used nominal or...

  There are various theories which have been put forward from time to time as to why the interest is paid. The most important theories are:   (1) Productivity Theory of Interest.   (2) Abstinence or Waiting Theory of Interest.   (3) Austrian or Agio Theory of Interest.   (4) Loanable Fund Theory of...