Questions

Sumo wrestling is the Japan origin game in which the two heavy weight wrestlers fight in a marked circle to throw the opponent out of the circle to win the game. And the two participants in the game are called Sumos.

Hence, sumo wrestling is the national sport of Japan.

J.M Keynes’ theory of employment is a demand-deficient theory. This means that Keynes visualised employment from the demand side of the model. His theory is a demand-oriented approach, as opposed to the classical supply side model.

According to him,the volume of employment in a country depends on the level of effective demand of people for goods and services. Thus, unemployment is attributed to the deficiency of effective demand.