Write short notes on the following:
(a) Interest Theory
(b) Subordinate Theory
(c) Subject Theory
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Explanation:
Interest Theory : It explains interest rates in terms of people's preference to spend in the present over the future. This theory was developed by economist Irving Fisher in "The Theory of Interest, as Determined by Impatience to Spend Income and Opportunity to Invest It."
Subordinate Theory : Subordination as a concept of syntactic organization is associated closely with the distinction between coordinate and subordinate clauses.
Subject Theory : A subject is an observer and an object is a thing observed. This concept is especially important in Continental philosophy, where 'the subject' is a central term in debates over the nature of the self.
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