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प्रश्न
What is effective demand?
टिप्पणी लिखिए
उत्तर
- The starting point of Keynes's theory of employment and income is the principle of effective demand.
- Effective demand denotes money actually spent by the people on products of industry.
- The money which entrepreneurs receive is paid in the form of rent, wages, interest and profit.
- Therefore effective demand equals national income.
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Effective Demand
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