MGNREGA aims to increase the purchasing power of the lower income group.
1. How does this affect the value of mpc and Aggregate Demand of our economy?
2. Can the government reduce economic inequality through this scheme? How?
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MGNREGA aims to increase the purchasing power of the lower income group.
1. How does this affect the value of mpc and Aggregate Demand of our economy?
2. Can the government reduce economic inequality through this scheme? How?
MGNREGA aims to increase the purchasing power of the lower income group.
1. How does this affect the value of mpc and Aggregate Demand of our economy?
2. Can the government reduce economic inequality through this scheme? How?
1. High value of mpc and AD increases
2. Yes. Income of poor sections increases