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Distinguish between sample method and census method.

Posted by Raja Yaduvanshi 4 years, 5 months ago

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Sia ? 4 years, 5 months ago

BASIS FOR COMPARISON	CENSUS	SAMPLING
Meaning	A systematic method that collects and records the data about the members of the population is called Census.	Sampling refers to a portion of the population selected to represent the entire group, in all its characteristics.
Enumeration	Complete	Partial
Study of	Each and every unit of the population.	Only a handful of units of the population.
Time required	It is a time consuming process.	It is a fast process.
Cost	Expensive method	Economical method
Results	Reliable and accurate	Less reliable and accurate, due to the margin of error in the data collected.
Error	Not present.	Depends on the size of the population
Appropriate for	Population of heterogeneous nature.	Population of homogeneous nature.

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State any 3 limitation of statistics.

Posted by Raja Yaduvanshi 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Anjali Singh 6 years, 8 months ago

Studies only average, aggregate & it is not fully exat

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What is scatter diagram?

Posted by Raja Yaduvanshi 6 years, 8 months ago

CBSE > Class 11 > Economics

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What is the difference between positive correlation and negative correlation

Posted by Raja Yaduvanshi 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Sia ? 4 years, 5 months ago

A positive correlation means that the variables move in the same direction. A negative correlation means that the variables move in opposite directions. If two variables are negatively correlated, a decrease in one variable is associated with an increase in the other and vice versa.

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Give one merit of graphic presentation of data.

Posted by Raja Yaduvanshi 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Anjali Singh 6 years, 8 months ago

It is easy for understanding

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Name two important sources of secondary data.

Posted by Raja Yaduvanshi 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Himangshu Kalita 6 years, 8 months ago

Newspaper,journal and Internet

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Tendulkar has a long bat.Is the statement statistics?why/why not?

Posted by Raja Yaduvanshi 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Bhumika Manchanda 6 years, 8 months ago

Tendulkar has a long bat . This statement is not statistics . It is neither an aggregate nor an average . Always remember , only the averages or aggregates of the data that are related to some enquiry ( like population growth in india ) or some phenomenon ( like the inverse relationship between price of a commodity and its demand ) are to be taken as statistics .

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From where I can find sample papers of class 11 of new syllabus ???

Posted by Onkar Sandhu 6 years, 8 months ago

CBSE > Class 11 > Economics

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Who is the creater of economics

Posted by Asmeet Singh 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Raja Yaduvanshi 6 years, 8 months ago

Adam smith

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Law of variable proportions

Posted by Ankit Rana 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Arpita Chakraborty 6 years, 8 months ago

Law of variable proportion states that: As the quantity of 1 factor is increased, keeping all other factors fixed, the marginal product of that factor will eventually decline.

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Name two types of arithmetic mean

Posted by Aryan Singh 6 years, 8 months ago

CBSE > Class 11 > Economics

2 answers

Arpita Chakraborty 6 years, 8 months ago

Simple arithmetic mean Weighted arithmetic mean

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Rahul Ranawat 6 years, 8 months ago

Wheight mean

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Define budget line

Posted by Gauri Pundir 6 years, 8 months ago

CBSE > Class 11 > Economics

3 answers

Yogita Ingle 6 years, 8 months ago

Budget Line or Price Line This line is showing different combinations of two goods which a consumer can attain at given income and market price of the goods.

Equation of Budget Line, M = P_x Q_x + P_yQ_y Where, M = Market

P_x = Price of Good x, P_y = Price of Good y

Q_x= Quantity of Good y, Q_y = Quantity of Good y

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Shruti Gupta 6 years, 8 months ago

It is the curve which shows the various combination of two goods that can be bought by a consumer given the money income and price of two goods. Thus, it is a diagrammatic presentation of budget set.

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Gauri Pundir 6 years, 8 months ago

Define budget line

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When total revenue from is increasing at a constant rate what can be said about its marginal revenue

Posted by Somesh Singh 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Shruti Gupta 6 years, 8 months ago

MR is constant i.e, parallel to x-axis.

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State the features of different measures of disperssion

Posted by Sneha Ghosh 6 years, 8 months ago

CBSE > Class 11 > Economics

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Name the error which is more serios

Posted by Anjani Kumar 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Swaraj Pandey 6 years, 8 months ago

Non sampling errors because it is not minimised

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Effect of inflation on debtor

Posted by Vikrant Yaduvanshi 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Shruti Gupta 6 years, 8 months ago

I recently pointed out why inflation isn't as good for debtors as is commonly assumed. Only if and to the extent it raises nominal income more than it raises the nominal cost of non-debt payments will it really help debtors and improve their ability to repay the debt and meet the debt payments. In most cases it will, but not in all cases, and even in the cases it do the gain is much smaller than is commonly assumed.

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Relationship between TC and MC

Posted by Ayush Awasthi 6 years, 8 months ago

CBSE > Class 11 > Economics

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Defination of consumer equilebreium

Posted by Antriksh Anand 6 years, 8 months ago

CBSE > Class 11 > Economics

2 answers

Shruti Gupta 6 years, 8 months ago

Consumer is said to be in equilibrium when he get satisfaction by spending his money income,price of good is constant where he don't want to change his position.

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Prabhdeep Singh 6 years, 8 months ago

The consumer is in equilibrium when, given his income and market prices, he plans his expenditure in such a manner that he maximises his total satisfaction

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What is mean by price ceiling explain it's implication ( Please give me answer )

Posted by Anjali Sharma 6 years, 8 months ago

CBSE > Class 11 > Economics

5 answers

Sakshi Sharma 6 years, 8 months ago

Sry but mujhe iska answer nhi atta

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Sakshi Sharma??️??️ 6 years, 8 months ago

Anjali Sharma from where u are

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Anjali Sharma 6 years, 8 months ago

Kon hai

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Anjali Sharma 6 years, 8 months ago

Answers send karo plz kal mera exam hai

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P D 6 years, 8 months ago

Jdjje

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Define positive and normative economicw

Posted by Harsh Arora 6 years, 8 months ago

CBSE > Class 11 > Economics

3 answers

Shruti Gupta 6 years, 8 months ago

https://keydifferences.com/difference-between-positive-and-normative-economics.html

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Yogita Ingle 6 years, 8 months ago

Positive economics is related to the analysis which is limited to cause and effect relationship. On the other hand, normative economics aims at examining real economic events from the moral and ethical point of view. It is used to judge whether the economic events are desirable or not. While Positive economics is based on facts about the economy. Normative economics is value judgment based. Most of the people think that the statements which are commonly accepted are a fact but in reality, they are valued.

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Shubham Jain 6 years, 8 months ago

milk and any dairy product

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Monopolistic competetion includes the element of perfect competition as well as monopoly.explain how

Posted by Bittu Tomar 6 years, 8 months ago

CBSE > Class 11 > Economics

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Whose annual exam is over

Posted by Sakshi Sharma??️??️ 6 years, 8 months ago

CBSE > Class 11 > Economics

2 answers

Sakshi Sharma??️??️ 6 years, 8 months ago

My exams are also over

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Shaina Rajput 6 years, 8 months ago

Mee...

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Do you agree that classified data is better than raw data

Posted by Amit Kumar 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Gaurav Seth 6 years, 8 months ago

The raw data are very large and cumbersome to handle. It is too difficult to draw meaningful conclusions from them as they do not yield to statistical methods easily. On the other hand the classified data are comprehensible and concise. It is easier to draw meaningful conclusions from them.
Thus, classified data is better than raw data.

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What is positive economic and normative economic

Posted by Stanzin Khenrab 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Yaser Siddiquee 6 years, 8 months ago

Norminal economic:- it is that branch of economics which deals with such issues which involve value judgement, and are not verifiable. Positive economic:- it is that branch of economics which deals with such issues which are verifiable.

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Deviation bar diagram positive and negative

Posted by Deepankar Yadav 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Komal Singh 6 years, 8 months ago

Both positive and negative

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Chain effect

Posted by Nishant Upadhayay 6 years, 8 months ago

CBSE > Class 11 > Economics

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Stages of production function with diagram

Posted by Yaser Siddiquee 6 years, 8 months ago

CBSE > Class 11 > Economics

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What is variable

Posted by Tushar Kumar 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Yaser Siddiquee 6 years, 8 months ago

an element, feature, or factor that is liable to vary or change. "there are too many variables involved to make any meaningful predictions"

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What is market equibliream

Posted by Aditya Raj 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Yaser Siddiquee 6 years, 8 months ago

economic equilibrium is a state where economic forces such as supply and demand are balanced and in the absence of external influences the values of economic variables will not change

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Who is the father of economics

Posted by Ishtiyaq Mushtaq 6 years, 8 months ago

CBSE > Class 11 > Economics