Ask questions which are clear, concise and easy to understand.
Ask QuestionPosted by Jassy Sandhu 8 years, 6 months ago
- 0 answers
Posted by Tanvi Gupta 8 years, 6 months ago
- 0 answers
Posted by Nitin Arya 8 years, 6 months ago
- 0 answers
Posted by Nitin Arya 8 years, 6 months ago
- 0 answers
Posted by Nidhi Sharma 8 years, 6 months ago
- 0 answers
Posted by Rahul Pal 8 years, 6 months ago
- 0 answers
Posted by Mohit Pati Tripathi 8 years, 6 months ago
- 0 answers
Posted by Narendra Jha 8 years, 6 months ago
- 0 answers
Posted by Mitali Sharma 8 years, 6 months ago
- 0 answers
Posted by Anjali Pandey 8 years, 6 months ago
- 0 answers
Posted by Shreya Verma 8 years, 6 months ago
- 2 answers
Jitendra Kumar 8 years, 6 months ago
Amar Kumar 8 years, 6 months ago
Consumption is typically defined as final purchases by an individual that are not investments of some sort. In other words when you buy food, clothes, a hair, airplane tickets, a car, etc.that is consumption.
Other economists define consumption much more broadly, as the aggregate of all economic activity that does not entail the design, production and marketing of goods and services
Posted by Amit Yadav 8 years, 6 months ago
- 0 answers
Posted by Rohit Sangma 8 years, 6 months ago
- 0 answers
Posted by Vansh Panwar 8 years, 6 months ago
- 0 answers
Posted by Akash Kumar 8 years, 6 months ago
- 1 answers
Posted by Gokul Chaudhary 8 years, 6 months ago
- 0 answers
Posted by Ghj Vbkgfcn 8 years, 6 months ago
- 0 answers
Posted by Krishna Athwani 8 years, 6 months ago
- 0 answers
Posted by Raghav Nagda 8 years, 6 months ago
- 1 answers
Amar Kumar 8 years, 6 months ago
An economy is an area of the production, distribution, or trade, and consumption of goods and services by different agents.Economic agents can be individuals, businesses, organizations, or governments.
Posted by Varun Savaria 4 years, 9 months ago
- 1 answers
Sia ? 4 years, 9 months ago
| Bases of Comparison | WPI | CPI |
| Full-Form | Wholesale Price Index | Consumer Price Index |
| Meaning | It is used to measure the average change in price in the sale of goods in bulk quantity by the whole seller. | CPI is a consumer price index that measures the change in the price in the sale of goods or services in retail or directly to the consumer. |
| Published By | WPI is published by the office of economic advisor that Ministry of Commerce and Industry. | CPI is published by Central Statistic Office that Ministry of Statistic and Programme Implementation. |
| Measured Price By | It is restricted to goods only. | It is both for goods and services. |
| Measurement of Inflation | WPI measures inflation in the first stage. | WPI measures inflation in the final stage. |
| Prices Bear By | Prices bear by manufacturer and whole seller. | Prices bear by the consumer. |
| Number of items covered | 697 | 448 for rural and 460 for urban. |
| Goods and Services Covered | Fuel, power and manufacturing products. | CPI covers education, food, transport, communication, recreation, apparel, housing, and medical care. |
| Base/ Reference Year | The Financial Year | The Calendar Year |
| Used by | Used by a few countries. | Used by 157 countries. |
| Date of Released | It releases on a weekly basis for primary articles, fuel, and power for rest items in publishing monthly. | It releases on a monthly basis. |
Posted by Deepak Thakur 8 years, 6 months ago
- 0 answers
Posted by Ram Trivedi 8 years, 6 months ago
- 0 answers
Posted by Sourabh Saini 8 years, 6 months ago
- 0 answers
Posted by Finn Balor 8 years, 6 months ago
- 0 answers
Posted by Muskan Joshi 8 years, 6 months ago
- 0 answers
Posted by Sonia Sharma 8 years, 6 months ago
- 0 answers
Posted by Ankit Rajput 8 years, 6 months ago
- 1 answers
Amar Kumar 8 years, 6 months ago
This new model of economic reforms is commonly known as the LPG or Liberalisation, Privatisation and Globalisation model.
The primary objective of this model was to make the economy of India the fastest developing economy in the globe with capabilities that help it match up with the biggest economies of the world.
Liberalisation refers to the slackening of government regulations. The economic liberalisation in India denotes the continuing financial reforms which began since July 24, 1991.
Privatisation refers to the participation of private entities in businesses and services and transfer of ownership from the public sector (or government) to the private sector as well.
Globalisation stands for the consolidation of the various economies of the world.
Posted by Abc Mn 8 years, 6 months ago
- 0 answers
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
