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KEYNESIAN THEORY OF INCOME AND EMPLOYMENT
| Institution | MASENO UNIVERSITY |
| Course | BACHELOR OF ECONOMIC... |
| Year | 1st Year |
| Semester | Unknown |
| Posted By | Brian Mike |
| File Type | |
| Pages | 7 Pages |
| File Size | 206.18 KB |
| Views | 6371 |
| Downloads | 0 |
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Description
The fundamental point of the Keynesian theory of income and employment is that employment is a function of income; the greater the level of national income, the greater the volume of employment and vice versa.
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1.0 The various forms of business organization
Business organizations can be formed by one person, a group of people or even government.
Consequently, we could have the following forms of business ownership:
i. sole proprietorship
ii. partnership
iii. limited liability company
iv. cooperative
v. public corpora
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284.78 KB