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Economics

QuestionAnswer
What is deregulation Is the removal of government controls
What is a privatisation Is the sale of a state company
What is nationalism Taking a company
What is price discrimination Is when goods and services are sold to different consumers
Example of Land Rent
Example of labour Wages
Capital Interest
Enterprise Profit/loss
What is Marginal revenue productivity(MRP) The extra revenue earned
What is MPP( Marginal physical product) The extra Output produced
What is a supply price Is the minimum payment necessary
What is economic rent Refers to any earnings
What is land Anything provided by nature
What is labour Is the human activity
Ntma National treasury management agency
National income Is the income accruing to the perement residents
Created by: Shaneod123