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What do you mean by scarcity.and what are the reasons for it?

Posted by Vani Thakur 5 years, 8 months ago

CBSE > Class 11 > Economics

2 answers

Utsav Tiwary 5 years, 8 months ago

Reasons are 1. Scarce resource 2. Unlimited human wants

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Utsav Tiwary 5 years, 8 months ago

Resources which are scarce are called scarcity

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Census of india depicting growth rate of population is which type of classification

Posted by Pulkit Khanna 5 years, 8 months ago

CBSE > Class 11 > Economics

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1. What is meant by Economics? 2. _______ refer to those cost which do not vary directly with the level of output. 3. When price falls with rise in output ,TR is ________ when MR is 0. a. Maximum b. Minimum c. Zero d. None of these 4. In case of perfect competition, a firm is in equilibrium when : a. MC = MR b. MC cuts MR from below c. MC is rising when it cuts MR d. All of these 5.Define short run production function. 6.List three determinants affecting market demand. 7. Explain the central problem of what to produce in an economy. 8.Give any three differences between Micro Economics and Macro Economics. 9. Discuss the difference between expansion in demand and increase in demand using diagrams. 10. What is perfect competition? Briefly explain any three features of it.

Posted by Fsk Tecmiyo 5 years, 8 months ago

CBSE > Class 11 > Economics

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What are social and economic cause of employment

Posted by Mahi Chandel 5 years, 8 months ago

CBSE > Class 11 > Economics

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Data need to adjusted to suit objective of study in hand

Posted by Waseem Aslam 5 years, 8 months ago

CBSE > Class 11 > Economics

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Define - Equi marginal utility?

Posted by Hargun Kaur 5 years, 8 months ago

CBSE > Class 11 > Economics

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When the qantity demanded change due to a change in price keeping other factors constsant it is known as

Posted by Sachin Asur 5 years, 8 months ago

CBSE > Class 11 > Economics

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Difference between AC nd MC

Posted by Ritika Chhabra 5 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Sia ? 4 years, 5 months ago

Marginal cost considered all costs it cannot separate between Variable cost and Fixed cost. Fixed cost remains constant up to a certain level of production. AC = TC (FC+VC) Divided by the Total number of units manufactured. MC = Change TC Divided by change in the Total number of units manufactured.

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What is primary data?

Posted by Sumit Kumar 5 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Yogita Ingle 5 years, 8 months ago

Primary data is the data collected for the first time through personal experiences or evidence, particularly for research. It is also described as raw data or first-hand information. The mode of assembling info is costly, as the analysis is done by an agency or an external organisation and need human resources and investment. The investigator supervises and controls the data collection process directly.

Mostly the data is collected through observations, physical testing, mailed questionnaires, surveys, personal interviews, telephonic interviews, case studies, and focus groups, etc.

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Why does the problem of choice arises

Posted by Deepak Dhinwa 5 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

@Kumu...#Vk... ?? 5 years, 8 months ago

Because resources are limited & have their alternative uses

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What is inclusive series?

Posted by Gaurav Kumar 5 years, 8 months ago

CBSE > Class 11 > Economics

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The Arithmetic mean of 10, 15, X, 20, 30 is 20. What is the value of X. (1) (a) 5 (b) 15 (c) 25 (d) 35

Posted by Gaurav Kumar 5 years, 8 months ago

CBSE > Class 11 > Economics

2 answers

Ved Sharma 5 years, 7 months ago

35 is the answer

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Gaurav Kumar 5 years, 8 months ago

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Classification is data

Posted by Rahul Chaturvedi 5 years, 8 months ago

CBSE > Class 11 > Economics

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Relative measures of dispersion are always expressed in ....................

Posted by Arun Sarsilmaz 5 years, 8 months ago

CBSE > Class 11 > Economics

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Define standard deviation

Posted by Aman Rai 5 years, 8 months ago

CBSE > Class 11 > Economics

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difference between direct personal investigation and indirect oral investigation.

Posted by Anjali Gope 4 years, 5 months ago

CBSE > Class 11 > Economics

1 answers

Sia ? 4 years, 5 months ago

In the 'direct personal investigation', the investigator collects data personally while in the 'indirect oral investigation', the data are collected from indirect resources.
Difference between 'direct personal investigation' and 'indirect oral investigation':

Direct personal investigation:

1. In this investigation, the data collected is original in manner.
2. The field of the investigation will be limited
3. The information is highly reliable.

Indirect oral investigation:

1. In this investigation, the method of collecting data may lead to false conclusions.
2. The field of investigation can be large.
3. The information can be wrong or biased.

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Explain the methods of enterpenuiorship devlopment

Posted by Akash Chauhan 5 years, 8 months ago

CBSE > Class 11 > Economics

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Define demand. state the factors affecting demand for a commodity by a consumer

Posted by Gaurav Singh Bisht 5 years, 8 months ago

CBSE > Class 11 > Economics

2 answers

Padma Changmai 5 years, 8 months ago

Demand refers to a quantity of a commodity that a consumer is willing or able to buy at each possible price during a given period of time. Factors affecting demand are : 1. Price of the given commodity . 2. Price of related goods. 3 Income of the consumer. 4. Taste and preferences. 5. Exceptance of rise in price in future

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Gaurav Seth 5 years, 8 months ago

Brainly.in What is your question? 1 Secondary School Economy 13 points Define demand.Explain any four factors that affect demand for a commodity Ask for details Follow Report by Adasrh3904 31.07.2019 Answers Me · Beginner Know the answer? Add it here! lakshana384 lakshana384 Ace Demand is the number of goods that the customers are ready and able to buy at several prices during a given time frame. The various factors affecting demand for a Commodity : 1. Price of the Given Commodity : It is the most important factor affecting demand for the given commodity. Generally, there exists an inverse relationship between price and quantity demanded. It means, as price increases, quantity demanded falls due to decrease in the satisfaction level of consumers. 2. Price of Related Goods : Demand for the given commodity is also affected by change in prices of the related goods. Related goods are of two types: (i) Substitute Goods. (ii) Complementary Goods. 3. Income of the Consumer : Demand for a commodity is also affected by income of the consumer. However, the effect of change in income on demand depends on the nature of the commodity under consideration. 4. Tastes and Preferences : Tastes and preferences of the consumer directly influence the demand for a commodity. They include changes in fashion, customs, habits, etc. If a commodity is in fashion or is preferred by the consumers, then demand for such a commodity rises. On the other hand, demand for a commodity falls, if the consumers have no taste for that commodity. 5. Expectation of Change in the Price in Future : If the price of a certain commodity is expected to increase in near future, then people will buy more of that commodity than what they normally buy. There exists a direct relationship between expectation of change in the prices in future and change in demand in the current period. For example, if the price of petrol is expected to rise in future, its present demand will increase.

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Explain the law of variable propotion

Posted by Priya Minj 5 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Yogita Ingle 5 years, 8 months ago

This law exhibits the short-run production functions in which one factor varies while the others are fixed.

Also, when you obtain extra output on applying an extra unit of the input, then this output is either equal to or less than the output that you obtain from the previous unit.

The Law of Variable Proportions concerns itself with the way the output changes when you increase the number of units of a variable factor. Hence, it refers to the effect of the changing factor-ratio on the output.

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Define market equilibrium with suitable diagram.

Posted by Shreyaz Khan 5 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Priya Minj 5 years, 8 months ago

Under perfect competition, market of a product is in equilibrium when market demand and market supply are equal .each firm is a price taker and industry is the price maker . decision of buyers and sellers are coordinated through price.

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What is monotonic preference?

Posted by Riyaz Khan 5 years, 8 months ago

CBSE > Class 11 > Economics