Importance of Theory of Effective Demand
The Importance or Significance of Theory of Effective Demand is as follows:-
1. Determinants of Employment
Effective Demand determines the level of employment. When effective demand increases employment also increases and when it decreases employment also decreases. According to Keynes, involuntary unemployment can be removed by raising consumption
Monday, 18 July 2011
Importance or Significance of Theory of Effective Demand
Posted on 05:56 by Unknown
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