Question

what do you mean by market impefections ? in agricultural economy what sort of unemployment do...

what do you mean by market impefections ? in agricultural economy what sort of unemployment do we observe ?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Market imperfections means when a market is not able to attain an efficient outcome due to prevalence of problems like:

-Externalities

-Public Goods

- Non perfect competition like presence of monopoly

-Asymmetric information

Agricultural economy is usually characterised by disguised unemployment. It is a type of unemployment in which people appear to be visibly employed but are actually unemployed. This is because the labor that is employed does not contribute for the production of goods.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
If we are in long-run equilibrium, what sort of unemployment will exist? Is this unemployment bad?
If we are in long-run equilibrium, what sort of unemployment will exist? Is this unemployment bad?
If we are in long-run equilibrium, what sort of unemployment will exist? Is this unemployment bad?...
If we are in long-run equilibrium, what sort of unemployment will exist? Is this unemployment bad? Please be specific.
What does the term unemployment mean to you? Do a little research and find the current...
What does the term unemployment mean to you? Do a little research and find the current unemployment rate and share with your classmates. What trends do you feel we have seen in the unemployment rate over the past 10 to 20 years. What factors do you feel have influenced these trends?
When the labor market is at full employment A.there is only cyclical unemployment in the economy....
When the labor market is at full employment A.there is only cyclical unemployment in the economy. B.there is only structural unemployment in the economy. C.the unemployment rate is 0%. D.there is no cyclical unemployment in the economy.
Why do you think discrimination charges rose when the economy was barely recovering and unemployment was...
Why do you think discrimination charges rose when the economy was barely recovering and unemployment was very high? There is no case study, I want the general answer in one or two paragraph
If the economy experiences a severe recession (10% unemployment), would that mean the DAS Potential output,...
If the economy experiences a severe recession (10% unemployment), would that mean the DAS Potential output, C+I+G+NX curves shift left (or up) and we quickly get a new long run equilibrium with higher prices and lower output?
If the economy experiences a severe recession (10% unemployment), would that mean the DAS Potential output,...
If the economy experiences a severe recession (10% unemployment), would that mean the DAS Potential output, C+I+G+NX curves shift left (or up) and we quickly get a new long run equilibrium with higher prices and lower output? With a DAD-DAS and an Aggregate Expenditure Model graph
What connections do you see between capitalism and the “market economy” and Merton’s Strain Theory and...
What connections do you see between capitalism and the “market economy” and Merton’s Strain Theory and what he claimed produces “strain” and “anomie”?
what do you mean by forward market and how it is differnt from Futures market.
what do you mean by forward market and how it is differnt from Futures market.
what sort of images do you think mythology creates for women? Do you think that some...
what sort of images do you think mythology creates for women? Do you think that some of the assumptions or stereotypes toward women might have evolved from mythology? What are the assumptions or stereotypes that you find interesting or problematic?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT