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project on topic changing consumer awareness among households relation between level of EDn and CA in statistics

Posted by Sagar Srivastava 7 years ago

CBSE > Class 11 > Economics

0 answers

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Differentiate b/w MRS and Market rate of exchange.

Posted by Rajat Vashistha 7 years ago

CBSE > Class 11 > Economics

2 answers

Rajat Sharma 7 years ago

I guess there is a difference b/w exchange rate and market rate of exchange.

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Sakshi Sharma??️??️ 7 years ago

* marginal rate of substitution (MRS) is the amount of a good that a consumer is willing to give up for another good, as long as the new good is equally satisfying. It's used in indifference theory ★★★★★ An exchange rate is the price of a nation's currency in terms of another currency. ... Exchange rates are quoted in values against the US dollar.

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What is different between physically and human capital

Posted by Shailendra Kumar 7 years ago

CBSE > Class 11 > Economics

2 answers

Suhani Sharma 7 years ago

Physical capital can be separated from its owner easily. On the other extreme, human capital is inseparable from its possessor. Physical capital is usually mobile, but some restrictions occurs out of trade barriers imposed by different countries. However, when it comes to the mobility of human capital, it is not fully mobile between countries, as the mobility is restricted by nationality and culture. While physical capital appears in the financial statement of the company, human capital is not shown in the financial statement. Both physical and human capital undergo depreciation, but the reason is different, in the sense that physical capital is depreciated because of costant use. On the other side, human capital is depreciated out of ageing factor but can be reduced to a larger extent by making investment in health and education.

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Suhani Sharma 7 years ago

The substantial differences between physical capital and human capital are outlined below: Physical Capital, is used to mean, the company’s non-human assets like plant and machinery, building, computers, office supplies etc. that assist in the production of goods and services. On the contrary, human capital is defined by collection of knowledge, talent, skills and abilities possessed by an employee or a group of employees working in an organization. Physical capital is tangible in nature, i.e. it can be seen and touched. Unlike human capital is intangible, that can only be experienced. The creation of physical capital is an economic and technical process. Conversely, the formation of human capital is a social process, but it is also a result of conscious decisions taken by the entrepreneur in this regard. Physical capital can be sold in the market directly, whereas human capital cannot be traded in the market, rather the services are sold. Physical capital can be separated from its owner easily. On the other extreme, human capital is inseparable from its possessor.

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Explain the concept of minimum price support policy/price flooring.

Posted by Bhumi Shrivastava 7 years ago

CBSE > Class 11 > Economics

2 answers

Gill Jasmeet 7 years ago

Price flooring is such a price which is fixed by the government more than equilibrium price of the product .Generally it happens when the producers are found in loss on selling their goods at equilibrium point. To protect them the government fix the price of the product ,so that producer can get proper price or more price of their good . It is also called minimum support price becauce no any other purchaser can purchase the product of these producers at price less than the price fixed by the government.

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Sakshi Sharma??️??️ 7 years ago

Price floor means the lowest or minimum price fixed by the government for a product. The government fixes price for farm products. This regulates income of the farmers.

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Chapter imp in micro eco

Posted by Ak Ak 7 years ago

CBSE > Class 11 > Economics

1 answers

Dhruti Mistri 5 years, 10 months ago

Learn the basic chapter i.e consumer equilibrium, producer equilibrium , demand , supply, and forms if market

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Factors affecting price elasticity of demand

Posted by Tanu Gupta 7 years ago

CBSE > Class 11 > Economics

1 answers

Yaser Siddiquee 7 years ago

Factors: 1. Nature of commodity 2. Availability of substitutes 3. Multiple uses 4. Postponement of use 5. Income level of the buyers 6. Habit of consumers

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Why does demand slope downword

Posted by Shivam Verma 7 years ago

CBSE > Class 11 > Economics

3 answers

Dhruti Mistri 7 years ago

1)law of demand 2)income effect 3) substitute effect

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Sakshi Sharma??️??️ 7 years ago

Due to LAW OF DEMAND

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Asha Tiwari 7 years ago

Because of loss

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Due to shortage of rainfall production of wheat decreases what will be chain effect on equilibrium price n quantity of wheat??? Please rply

Posted by Mansi Taparia 7 years ago

CBSE > Class 11 > Economics

0 answers

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Why change in quantity supply is also called movement along supply curve?

Posted by Samsung Samsung 7 years ago

CBSE > Class 11 > Economics

0 answers

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Students view on producers behaviour towards profit maximization

Posted by Julia Jackson 7 years ago

CBSE > Class 11 > Economics

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what do we understand by the equlibrium price ? how do the forces of demand and suppy determine the equilibrium price

Posted by Dalwinder Saini 7 years, 1 month ago

CBSE > Class 11 > Economics

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Importance of statistics and its function

Posted by Rahul Singh 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Yaser Siddiquee 7 years ago

Importance of Statistics The importance of statistics can be defined in different parts i.e. statistics in planning in economics, in business etc because statistical methods are used in every economic related areas. 1. Statistics in planning : Modern age is the age of planning every objective plan depends upon the correct and sound statistical data. Planning is the pre-determined sets of program and policies, which is formulated in order to meet the targeted objectives,. To formulate the plan and details study of the existing situation is needed which is possible only thorough the statistical tools. 2. Statistics in Economics : Statistics is very essential to develop and prove the principles and laws of economics. It has great importance to understand the economics problems like production, consumption, distribution etc. as they can be solved by using statistical data. 3. Statistics in business : For the smooth operation of the business, statistical information is very useful. It simplifies the complex situation of business. It helps to study about the situation of market demand, supply, price etc. Without a very careful study of market it is difficult to success in business. Therefore the statistics is very essential in business sector also. Function of statistics The function of statistics can be defined on the following points: 1. Statistics simplify’s complexes 2. Statistics express facts in definite form 3. It facilities comparison 4. It helps in formulating policies 5. Statistics helps in forecasting Read more on Brainly.in - https://brainly.in/question/2578987#readmore

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What is zero correlation? Give an example

Posted by Himanshi Sharma 7 years, 1 month ago

CBSE > Class 11 > Economics

2 answers

Chinmoy Kashyap 7 years ago

Zero correlation is a correlation

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Tushar Jain 7 years, 1 month ago

When two variables don't have any relation with each other it is known as zero correlation.... Eg. Marks in economics and weights of students..

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How to derive market demand from individual demand ? Explain with diagram

Posted by Dhruti Mistri 7 years, 1 month ago

CBSE > Class 11 > Economics

0 answers

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What is the meaning of MR and TR

Posted by Jimmy Painkra 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Sakshi Sharma??️??️ 7 years, 1 month ago

* TOTAL REVENUE :- It refers to total receipts from the sale of a given quantity of a commodity. * MARGINAL REVENUE :- It refers to the additional revenue generated from the sale of an additional unit of a commodity.

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What is meant by consumer's equilibruim? State the conditions of a consumer's equilibruim on the basis of utility analysis

Posted by Kartik Butta 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Dhruti Mistri 7 years, 1 month ago

Consumer equilibrium is the state when the consumer attains maximum statisfaction Condition 1)MUx/Px=MUm 2)MRS is always diminishing

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Why AR can never be zero and negative?

Posted by Bhumika Joshi 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Dhruti Mistri 7 years, 1 month ago

AR can never b zero as AR=price and can never b 0 or negetibe

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Difference between change in supply and change in quantity supplied

Posted by Deepchand Solanki 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Yogita Ingle 7 years, 1 month ago

Change in-Quantity SuppIied	Change in supply
When the quantity supplied changes due to change in price, keeping other factors constant, it leads to a movement along the supply curve,	when the supply changes due to any change in the other factors, at the same price, it leads to a shift in supply curve.
The movement is along the same suppiy curve either upward .(known as contraction in supply).	The shift in the supply curve is either rightward (known as increase in supply) or leftward (known as decrease in supply).
Tt occurs due to change (increase or decrease) in the price of the given commodity.	It occurs due to a change in other factors like change in the price of inputs, change in taxes, change in technology etc.

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What are the areas of statistics

Posted by Meghana Elza Joseph 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Yaser Siddiquee 7 years ago

descriptive statistics is concerned only on presentation of data, inferential statistics comprises those methods concerned with the analysis of a subset of data leading to predictions or inferences about the entire set of data.J

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To what extent can a firm influence the price under: a)- perfect competition b)- monopolistic competition c)- monopoly ; d)- oligopoly .

Posted by Himani ?? 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Tanmay Maheshwari 7 years, 1 month ago

a)Perfect Competion-NO INFLUENCE a firm is price taker and not maker b)Monopolistic Competition-PARTIAL INFLUENCE c)Monopoly-COMPLETE INFLUENCE as single seller d) Oligopoly-Partial influence

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Why is demand curve under monopolistic competition more elastic as compared to demand curve under monoploy.. hey guys plzz ans. If anybody know... ?

Posted by Himani ?? 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Bhumika Joshi 7 years ago

More the number of close substitute more elastic is the curve✌

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Differance between change in supply and change in quantity supplied. Use the diagram.

Posted by Yaser Siddiquee 5 years, 10 months ago

CBSE > Class 11 > Economics

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There is not a chapter wise blueprint of economics subject

Posted by Himanshi 2402 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Shivendra Prakash 7 years, 1 month ago

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Difference between sampling and non sampling error?

Posted by Shubham Dubey 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Monwara Begum 7 years ago

Sampling error- it is the differences between the actual value of a parameter of the population and its estimate from the sample. Non sample error- the errors which arises at the stages of a ascertainment and analysis of data are called non sampling eror . These are more serious then samping error because a sampling can be minimise by taking a larger sample. It is difficult to minimise non sampling error even by taking a large sample. Some of the non sampling errors are -1.errors in data acquisition. 2.non response errors. 3.sampling bias.

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Define the statistical errors?

Posted by Shubham Dubey 7 years, 1 month ago

CBSE > Class 11 > Economics