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Marginal Efficiency of Capital English
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=q3fpmpfO29Y
Keynes introduced the concept of Marginal Efficiency of Capital as one of the determinant of investment demand in the economy. MEC in a sense helps measure the rate of return over capital. MEC is important as it is on the basis of it we can find as to how mush investment in the economy can be induced by reducing the rate of interest.#YOUCANLEARNECONOMICS
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