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Theories of Employment and Income - Economics | Study Material, Lecturing Notes, Assignment, Reference, Wiki description explanation, brief detail |

Chapter: 12th Economics : Theories of Employment and Income

Theories of Employment and Income

The economic history has shown many countries facing economic problems.

Theories of Employment and Income

Introduction

The economic history has shown many countries facing economic problems. Out of these problems, unemployment is the most vexing. Both classical economists and Keynes have explained the relationship between employment and income. The classical economists had great faith in the law of markets articulated by J.B. Say, the French economist. J. M. Keynes is one of the greatest and most influential economists of the mid 20th century.



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