Lorenz Curve

ANSWER

Different between Microeconomics and macroeconomic

Posted by 1234567890 0987654321 6 years, 8 months ago

CBSE > Class 11 > Economics

3 answers

Khushii Verma 6 years, 8 months ago

Micro economic is the branch of economic that study individual commodity for eg price of a commodity Macro is the branch that study of economy as a whole for eg unemployment

Anjali Sharma 6 years, 8 months ago

1)Microeconomics depends on macroeconomic ( 2) law of demand came into existence from the analysis of the behaviour of a group of people (3)price of a commodity is influenced by the general price level prevailing in the economic . Macroeconomics (1) macroeconomics depends on microeconomics (2)national income of a country is nothing but the sum total of income of individual units of the country (3) aggregate demand depends on demand of individual household of the economy ..

1234567890 0987654321 6 years, 8 months ago

Give me answer

ANSWER

Why does a consumer demand more of a commodity at less prices

Posted by Samarth Jain 6 years, 8 months ago

CBSE > Class 11 > Economics

0 answers

ANSWER

Difference between primary and secondary data

Posted by Vispendera Rai 4 years, 5 months ago

CBSE > Class 11 > Economics

1 answers

Sia ? 4 years, 5 months ago

Primary Data	Secondary Data
Primary data are those that are collected for the first time.	Secondary data refer to those data that have already been collected by some other person.
These are original because these are collected by the investigator for the first time.	These are not original because someone else has collected these for his own purpose.
These are in the form of raw materials.	These are in the finished form.
These are more reliable and suitable for the enquiry because these are collected for a particular purpose.	These are less reliable and less suitable as someone else has collected the data which may not perfectly match our purpose.
Collecting primary data is quite expensive both in the terms of time and money.	Secondary data requires less time and money; hence it is economical.
No particular precaution or editing is required while using the primary data as these were collected with a definite purpose.	Both precaution and editing are essential as secondary data were collected by someone else for his own purpose.

ANSWER

Pls send me your economics exam paper

Posted by Nikunj Kumar 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Anjali Sharma 6 years, 8 months ago

Exam tu economic 14 /3/19 hai exam paper chahiye mai 14 /3/19 ko send karti hu

ANSWER

What is questionnaire method explain its features and merits

Posted by Uttam Koranga 6 years, 8 months ago

CBSE > Class 11 > Economics

0 answers

ANSWER

What do you mean by opportune cost?

Posted by Sandhya Gaur Gaur 6 years, 8 months ago

CBSE > Class 11 > Economics

2 answers

Khushii Verma 6 years, 8 months ago

It is the cost of next best alternative that a resource can be put into use

Anamika Gupta 6 years, 8 months ago

First next best alternative forgone.

ANSWER

Can two ppc. Urve can never intersect

Posted by Saksham Kumar 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Sandhya Gaur Gaur 6 years, 8 months ago

Yes

ANSWER

All formula used in statistics

Posted by Sourav Bhoumik 6 years, 8 months ago

CBSE > Class 11 > Economics

0 answers

ANSWER

Law of suppi

Posted by Shweta Magar 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Gayatri Nanda 6 years, 8 months ago

When other factors remain constant, the increase in price leads to increase in supply. The decrease in price leads to decrease in supply. +'ve relationship. Go through notes for further

ANSWER

numerical of supply in demaan

Posted by Arafat Adil 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Rajat Singh 6 years, 8 months ago

What's the question

ANSWER

Specialconditiondemandhaselasticandinrlastic

Posted by Shivam Tyagi 6 years, 8 months ago

CBSE > Class 11 > Economics

0 answers

ANSWER

What are the main source of data

Posted by Ayush Mehta 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Yogita Ingle 6 years, 8 months ago

Sources of Data
1. Primary Source
2. Secondary Sources
a. Published sources
b. Un-published sources

ANSWER

Define normative economics ?

Posted by Anuj Bhirgu 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Yogita Ingle 6 years, 8 months ago

Normative economics is an outlook on economics that contemplates normative or ideologically dictatorial, discernments toward economic enhancement, statements, investment projects and framework. Disparate to positive economics, which depends on intentional data analysis, normative economics decisively solicitudes itself with value discernments and statements of “what has to be” rather than certitude based on cause-and-effect declarations. Normative economics manifests ideological judgments about what may be the outcome in an economic pursuit if public policy changes are made.

ANSWER

What is the definition of index number

Posted by Updesh Khangura 6 years, 8 months ago

CBSE > Class 11 > Economics

2 answers

Khushii Verma 6 years, 8 months ago

It is a statistical device used for measuring changes in magnitude of related variables

Gayatri Nanda 6 years, 8 months ago

A number showing the variation in a price or value compared with the price or value at a specified earlier time (often represented by the number 100).

ANSWER

Lorenz curve?

Posted by Gayatri Nanda 6 years, 8 months ago

CBSE > Class 11 > Economics

2 answers

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

How u sre inserting all the graph and tables on this app

Gaurav Seth 6 years, 8 months ago

Lorenz Curve is a curve which measures the distribution of wealth and income. Now it is also used for the study of the distribution of profits, wages etc.

Lorenz Curve

<font style="text-shadow: rgba(255, 255, 255, 0.3) 0px 1px 1px; user-select: initial !important; line-height: 1.5em; -webkit-font-smoothing: antialiased; font-family: roboto, sans-serif; color: rgb(51, 51, 51); font-size: 18px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-style: initial; text-decoration-color: initial;">The measures of dispersion discussed so far give a numerical value of dispersion. A graphical measure called Lorenz Curve is available for estimating dispersion. You may have heard of statements like 'top 10% of the people of a country earn 50% of the national income while top 20% account for 80%'. An idea about income disparities is given by such figures. Lorenz Curve uses the information expressed in a cumulative manner to indicate the degree of variability. It is especially useful in comparing the variability of two or more distributions. Given below are the monthly incomes of employees of a company.

TABLE 6.4

Calculate class mid-points and find cumulative totals as in Col. 3 in the example 16, given above.
Calculate cumulative frequencies as in Col. 6.
Express the grand totals of Col. 3 and 6 as 100, and convert the cumulative totals in these columns into percentages, as in Col. 4 and 7.
Now, on the graph paper, take the cumulative percentages of the variable (incomes) on Y axis and cumulative percentages of frequencies (number of employees) on X-axis, as in figure 6.1. Thus each axis will have values from '0' to '100'.
Draw a line joining Co-ordinate (0, 0) with (100,100). This is called the line of equal distribution shown as line 'OC' in figure 6.1.
Plot the cumulative percentages of the variable with corresponding cumulative percentages of frequency. Join these points to get the curve OAC.

Studying the Lorenz Curve

ANSWER

Write any name of random sampling

Posted by Abhi Yadav 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Gayatri Nanda 6 years, 8 months ago

Random sampling is also known as sampling error

ANSWER

Explain the central problem related to choice of technique of production

Posted by Narvir Rana 6 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Divyanshi Malhotra 6 years, 8 months ago

Refer to book

ANSWER

Important topics of statistics bata do pls

Posted by Simran Saroha 6 years, 8 months ago

CBSE > Class 11 > Economics

3 answers

Simran Saroha 6 years, 8 months ago

Nitender Bisht 6 years, 8 months ago

mean,mode ,medain , table conversion ,pie diagram, correlation, index no., o-give curve, etc

Samay Chandak 6 years, 8 months ago

Correlation, mean median and mode,index numbers

3Thank You

ANSWER

What is economics and economy

Posted by Taresh Kumar 6 years, 8 months ago

CBSE > Class 11 > Economics

3 answers

Khushii Verma 6 years, 8 months ago

Economy is a place where people interaction with each other with motive of earning money for themselves .. Economy is a branch of knowledge that studys consumption , production , exchange and distribution of wealth

Demons King 6 years, 8 months ago

Economics is a subject in we study about the economic problems of human life which arise due to 2 reasons which are scarce resources and these resources have their alternative uses. Economy is a system by which people of an area earn their living

Rahul Adhikari 6 years, 8 months ago

Economics is a relationship between scarce resources and their alternative uses. Economy is a system by which people earn their livelihood or economy can be defined as the language of economics

ANSWER

Under what situations there will be parallel shift in budget line? ?

Posted by Aditi Majumder 6 years, 8 months ago

CBSE > Class 11 > Economics

3 answers

Demons King 6 years, 8 months ago

There will be parallel shift in the budget line only fkr the two reasons 1) if the income of the consumer will increase then budget line will shift forward 2) if the income of the consumer will decrease then budget line will shift downward

Sonu Siwach 6 years, 8 months ago

Yes

Amrainder Singh 6 years, 8 months ago

When the income of consumer increase it will lead to forward shift and decrease in income lead to backward shift