Elasticity of Labour Demand A firm always incurs a change in labour or capital. It is important for a firm to know the effects on the wage or capital increase since it would help the firm make accurate decisions. A change in wage would make an impact on the firms employment. When there is a wage cut‚ it reduces the price of labour relative to that of capital‚ and now labour is cheaper. However‚ when the wage increase the price of labour increases and the firm would substitute away from labour toward capital
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CHILD LABOUR What is child labor? Children working under age of 5-14‚ are known as child laborers. This social evil is continuously going on strengthening its roots in our society. Can we eliminate child labor? Though it is a desirable goal the fact remains that in the given socio-economic scenario that is prevalent in our country‚ it is virtually impossible to do away with child labor. One cannot dispute the fact that employers exploit children by paying them much less than what they would pay
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11.18% Total workforce (all ages) 274783249 127083239 401866488 the children upto 14yrs in the workforce is 12626505 = 12.62 millions = child labour in 2001 (graph) 11% of the workforce of india is child labour. One in every 10 workers in India is a child! If you allocate a tenth of India’s GDP to this share you can see India’s Child Labour has a stake in India’s GDP POINTS TO PONDER: 1) In practice‚ however‚ the poverty argument does not hold water. Precisely the opposite is true:
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Good morning respected teachers and dear friends‚ my objective today is to talk about the social evil of child labour in our country. Child labor in India is a human right issue for the whole world. It is a serious and extensive problem‚ with many children under the age of fourteen working in carpet making factories‚ glass blowing units and making fireworks. According to the statistics given by Indian government there are 20 million child laborers in the country‚ while other agencies claim that
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Is There Too Much Pressure on Girls Trying to Be Perfect? America is filled with many beautiful women‚ different races‚ different cultures‚ different backgrounds. Being beautiful comes with a lot of things‚ in my opinion anyone created by God is beautiful but‚ being “beautiful” in this society land’s most women jobs‚ such as modeling‚ and acting roles. Most women these days are determined to look like celebrities they see on TV or social media. In “This Thing We Call Life” women often become
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Child Labour Defination Wordsworth has said: “The child is father or the man.” Children are our future. Now when they are so important‚ we must realize what are doing for them. Have we succeeded in providing them the basic necessities of life such as education and health care? Although the government NGOs and other organizations are busy in solving the problem of child labour yet nothing seems to have come out of their work. Poverty is the main case of this failure. The poor parents are
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The Pressure to be Perfect In today’s competitive society‚ a person strives for perfection‚ due to the fact that so much emphasis is placed on one’s outer appearance. No matter who we are or where we live‚ society puts this pressure upon us. We are typically faced with this pressure by models on television and in magazines. Companies seem to have targeted women more so than men. They usually use women with good looks and nice figures to advertise and market their product. When companies use these
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the best way to get their own publicity. They got the help of trade unions and started some kind of movement in which they said that they will feed the aspirations of normal people.� However‚ Professor Sharad Bhowmik‚ Dean‚ School of Management & Labour Studies‚ Tata Institute of Social Studies‚ cites brutality of the state governments while quelling riots and the apathy of managements against trade unions. �The state government has been excessively oppressive on any section of the workers who have
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PERFECT COMPETION Competition in the market can be either perfect or imperfect. The classical economists assumed the existence of perfect competition‚ and all their analysis is based on this assumption. It has been pointed out that the real world is full of imperfect competition. Perfect competition or Competitive market is a market with many buyers and sellers trading identical products so that each buyer and seller is a price taker. Competitive market is characterized with: 1. There are large
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spectrum of market structures varies diversely from highly competitive markets where there are a large number of buyers and sellers‚ each of whom having little or no power to alter the market price to a situation of pure monopoly where a market or an industry consists of one single supplier who enjoys considerable control over the market price‚ unless specific restrictions are placed directly by the government. A market structure such as the Chicken Meat Industry can be deemed as “Perfect Competition
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