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Answer:
Marginal product
Explanation:
There would be an increase in the marginal product of labour. more workers would result in more specialization in skilled areas. As workers increase, it is expected that work done would rise also.
Such that a time would come when the workers would be enough and no more gains would be accrued from specialization. We refer to this as the point of diminishing marginal product. capital would be fixed such that as more workers are used capital declines for each worker.
Answer:
The Workmen's Compensation Act, 1923 provides for payment of compensation to workmen (or their dependants) in case of personal injury caused by accident or certain occupational diseases arising out of and in the course of employment and resulting in disablement or death. The Act was last amended in 1976.
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If the government reduces some of the national debt and as a result households have more money to spend, this can result in crowding in.
<h3>What is crowding in?</h3>
Crowding in is when an increase in government spending increases the amount of money in the economy. This increases the money that households can spend and it also increases the level of investment spending in the economy.
