On the other hand, if the supply of the gas will not increase then the dependency on the import of oil will increase, which will never be profitable for the economy.
Where the crisis of power and gas trouble teases the general public, also there the deficiency of it is very dangerous for the economy... displayed 300 characters
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With reference to a policy in 1997 many firms were licensed to fix the hydro power plants, and a contract was made by the government to purchase the electricity at a rate of Rs. 4.7 per unit. But in 1999 they persisted to provide electricity at a rate of Rs. 3.3 per unit. In the result of which those companies were discouraged to take any interest in such kind of projects... displayed next 300 characters
“In other words, as a person’s income rises, the extra wellbeing derived from an additional dollar of income falls” (Mankiw, N. G., 2004). Correspondingly, when there is an increase in labor supply, the equilibrium wage rate will decrease and the equilibrium quantity of labor hours will increase
Minimum wage levels become the floor and wages can not fall below the floor price.
In the first two Minimum wage graphs a study that was done in New Jersey to show the effects of a minimum wage increase in employment...
“The minimum wage law can simultaneously increase wages and employment in markets in which employers have some monopsony power” (Lipsey, p.336). In the simplest example of a monopsony power, there is only one employer in the area...
Besides, 40% of minimum wage workers live in households making $60,000 or higher. Teens that are lucky enough to keep their jobs will be the ones benefiting the most, considering most of the countries youth's work at or around minimum wage...
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