Instructions: Identify the Following Terms

question 124

Short Answer

Instructions: Identify the following terms.
Bharatiya Janata Party (BJP) and A. B. Vajpayee

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Definitions:

Normative Economics

A branch of economics that expresses value judgments about economic fairness or what the economy should be like.

Minimum Wage

The lowest legal hourly wage that an employer can pay an employee.

Employment Among Teenagers

This term refers to the participation of individuals aged 13 to 19 in the labor force, including both those employed and seeking employment.

Normative Statement

An opinion or value judgment about what is desirable or how things ought to be, as opposed to what actually is.