1. Lecture 5Factors of Production 2. What is Production?• Production is sometimes defined as– The creation of want-satisfying goods and services– But this is not a…
1. Lecture 5Factors of Production 2. What is Production?• Production is sometimes defined as– The creation of want-satisfying goods and services– But this is not a…
l NATIONAL INCOME NATIONAL INCOME : It is the sum of factor incomes- wages, interest, rent and profit received by the owners of factors of production - labour, capital, land…
Slide 1Skill formation and exports: are we generating the required qualifications for development? Rossana Patrón María Inés Terra University of Uruguay Paper prepared…
PowerPoint Presentation Variants of VAT Income Variant Gross Product Variant Consumption Variant The Income Variant of VAT on the other hand allows for deduction on purchase…