No products in the cart.

Ask questions which are clear, concise and easy to understand.

Ask Question
  • 1 answers

Naveen Dhyani 6 years, 6 months ago

Saturated point
  • 3 answers

Sanskar Tiwari 6 years, 6 months ago

True because the goods are essential and useble by every maximum people.

Charu Sharma 6 years, 6 months ago

it is false that essential goods are always scarce if supply exceeds demand at zero price

Charu Sharma 6 years, 6 months ago

false
  • 2 answers

Sanskar Tiwari 6 years, 6 months ago

What yo produce , How to produce and when to produce.

Trinayana Gohain 6 years, 6 months ago

What to produce,how to produce,for whom to produce
  • 1 answers

Gunjan Bhojwani 6 years, 6 months ago

According to the recent cbse syllabus for class 11 economice these topics have been shifted to the syllabus of class 12 

According to the recent syllabus of class 11 

Principles of micro economics and statistics for economics 

  • 1 answers

Sia ? 4 years, 5 months ago

Pie charts show how much each category represents as a proportion of the whole, by using a circular format with different-sized “slices” for different percentages of the whole. Bar graphs use a series of rectangular bars to show absolute values or proportions for each of the categories.
  • 1 answers

Sia ? 6 years, 6 months ago

The goods and services market is where households purchase consumable items and businesses sell their wares. The market includes stores, the Internet, and any other place where consumer goods and services are exchanged.

  • 1 answers

Rohit Sahan? 6 years, 6 months ago

???? intelligent student ho phir v question puch rhe ho
  • 0 answers
  • 1 answers

Nandini Katiyar 6 years, 7 months ago

Concave, convex and straight
  • 0 answers
  • 0 answers
  • 0 answers
  • 1 answers

Yogita Ingle 6 years, 7 months ago

MRT shows that as more of Good X (represented on x-axis) is produced, the loss from Good Y( represented on y-axis) tends to increases on EVERY addition of Good X. MRT basically shows the loss occurred when resources are shifted from Good Y to Good X. This loss increases because resources are USE SPECIFIC. Meaning, that they are specifically suited to production of specific uses.

  • 1 answers

Tripti Rawat 6 years, 7 months ago

A consumption good or service is one that is used (without further transformation in production) by households, NPISHs or government units for the direct satisfaction of individual needs or wants or the collective needs of members of the community.
  • 1 answers

Sahil Sagar 6 years, 7 months ago

It is the problem of choice that arise from alternative use of resources
  • 1 answers

Mahak Verma 6 years, 7 months ago

It deals with what ought to be. It states suggestions to economic problems For example- what to do remove poverty from india It is based upon suggestions from economy
  • 0 answers
  • 1 answers

Mahak Verma 6 years, 7 months ago

Economy- It is a system where people live and find their living Economics - It is that part of social science which teaches the society how to use scarce resources having alternative uses so that producer may get maximum profit,consumer may get maximum satisfaction and society may get maximum social welfare
  • 1 answers

Mahak Verma 6 years, 7 months ago

1. WHAT TO PRODUCE- this problem refers to selection of goods and services that are to be produced in an economy 2.HOW TO PRODUCE- it refers to selection of technique to be used in production of goods and services. It can be of two types •CIT(capital intensic technique) - more of capital less of labour •LIT( labour intensive technique)- more of labour less of machines 3.WHAT TO PRODUCE- it refers to selection of people who will ultimately consume goods and services. This involves making a choics wheter to produce more for rich and less for poor or vice versa
  • 1 answers

Mahak Verma 6 years, 7 months ago

Answer provided in above asked questions
  • 1 answers

Mahak Verma 6 years, 7 months ago

As the MOC is constant so the shape obtained will be straight line
  • 1 answers

Tripti Rawat 6 years, 7 months ago

India is a country in South Asia. It is the seventh largest country by area and with more than 1.3 billion people, it is the second most populous country as well as the most populous democracy in the world.
  • 1 answers

Yogita Ingle 6 years, 7 months ago

Net Factor Income from Abroad (NFIA)
Simply put, NFIA is the difference between factor income received from abroad and factor income paid abroad. Simply put it is the difference between the factor income earned from abroad by normal residents of a country (say India) and the factor income earned by non-residents (foreigners) in the domestic territory of that country (i.e. India). CSO defines it as "Income attributable to factor services rendered by the normal residents of the country to the rest of the world, less factor services rendered to them by the rest of the world." Symbolically :
NFIA = Factors income earned from abroad by residents - Factor income of non-residents in domestic territory
The normal residents of a country earn factor income not only within the domestic territory of a country but outside it also. Income from outside can be earned mainly in two ways, namely, (i) income from work, and (ii) income from property and entrepreneurship as shown below. Mind, it is a two-way affair since foreigners also earn similar income by working in domestic territory of other country.
(i)    Income from work (Compensation of employees). Income from work can be earned by working in the domestic territories of other countries earning thereby wages and salaries (or compensation of employees). For instance, suppose in 2006-2007, Indian resident scientists, engineers, doctors, dancers, masons, carpenters employed abroad earned factor income of र 10,000 crores whereas similar payments made to non-resident workers employed in domestic territory of India was to the tune of र 8,000 crores. Net compensation of employees from abroad to India would be र 2,000 (10,000 - 8,000) crores.
(ii)    Income from property and entrepreneurship (Rent, interest, profit). Factor income from abroad is also earned by owning property (like buildings, shops, factories, financial assets like bonds and shares in foreign countries) earning thereby rent and interest, Also profit is earned for undertaking entrepreneurial activities of producing goods and services. For instance suppose in 2006-2007, normal residents of India living temporarily abroad earned र 25,000 crores by way of rent, interest and profit and similar payments made to the rest of world were, say र 20,000 crores. Net income from property and entrepreneurship from abroad would be र 5,000 (25,000 - 20,000) crores.
(iii)    Net retained earning of resident companies abroad. This refers to the difference between retained earnings of foreign companies located in a country and the retained earnings of resident companies located abroad. Retained earning of a company is in fact its 'undistributed profit'. For instance suppose in 2006-2007, Indian companies working abroad, after paying profit tax and distributing dividend out of their total profits, retained the balance profit (known as Reserve fund or Undistributed profit) of र 50,000 crores and foreign companies in India retained similar profit of र 65,000 crores. Net retained earning of resident companies abroad would be र (-) 15,000 (= 50,000 - 65,000) crores.
From above-mentioned data, India's net factor income from abroad in 2006-2007 would be equal to र -8,000 [= 2,000 + 5,000 + (-15,000)] crores.
Components of net factor income from abroad. These are as under :
(i)    Net compensation of employees.
(ii)    Net income from property and entrepreneurship (rent, interest, profit).
(iii)    Net retained earning of resident companies abroad.
Significance. Net factor income from abroad is used to differentiate between National income and Domestic income. By adding NFIA to domestic income, we get national income. Symbolically:
National income = Domestic income + NFIA
Domestic income = National income - NFIA

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Download myCBSEguide App