The classical economists had conceived of full employment on the basis of Say's market law according to which "supply creates its own demand

1.The national income of a country for a given period is equal to the: (a)Total value of goods and services produced by the nationals....

ECONOMICS—II www.lawtool.net Choose the correct alternative 1. Sale of second-hand goods will not be comprised in the GDP because : (a)...

ECONOMICS www.lawtool.net 1.Sale of second hand goods will not be comprised in the GDP because : (a) Second hand goods can be obtained at...