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#1
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topics included in"factor pricing" ??
please someone tell me which topics are included in"factor pricing" in the syllabus. I mean do i need to cover RENT, WAGES, PROFIT AND INTEREST together with theory of factor pricing or just theory of pricing?
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#2
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it includes the theory of pricing of factors of production.
demand and supply of labour will determine wages. demand and supply of money will determine interest rate. and same for rent and profit. so it includes a lot |
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