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Abhishek Rai 7 years, 2 months ago
Biotechnology means any technological application that uses biological systems or living organisms to make or modify products or processes for specific use. It refers to the use of microorganisms such as bacteria, yeasts, or biological substances such as enzymes, to perform specific industrial or manufacturing processes. Applications include production of certain drugs, synthetic hormones, and bulk foodstuffs as well as bioconversion of organic waste. Bio- Technology is concerned with variety of subjects including Biochemistry, Genetics, Microbiology, Chemistry and Engineering. Biotechnology has wide areas of application in Agriculture, Animal Husbandry, development of Medicines and Vaccine, treatment of prolonged disease, pollution control and waste management and ecological conservation, energy production and conservation and many more.
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Rahul Sharma 7 years, 2 months ago
Cost denotes the amount of money that a company spends on the creation or production of goods or services. It does not include the mark-up for profit. From a seller's point of view, cost is the amount of money that is spent to produce a good or product.
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Abhishek Gaur 7 years, 1 month ago
जब सकल में से मूल्यह्रास को घटा दिया जाता तो शेष प्राप्त मूल्य को निवल कहा जाता है.
OUR BEST WISHES ALWAYS WITH YOU,
DEAR STUDENT
WRITTEN BY :-ABHISHEK GAUR
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Sahdev Sharma 7 years, 2 months ago
| BASIS FOR COMPARISON | MICROECONOMICS | MACROECONOMICS |
| Meaning | The branch of economics that studies the behavior of an individual consumer, firm, family is known as Microeconomics. | The branch of economics that studies the behavior of the whole economy, (both national and international) is known as Macroeconomics. |
| Deals with | Individual economic variables | Aggregate economic variables |
| Business Application | Applied to operational or internal issues | Environment and external issues |
| Scope | Covers various issues like demand, supply, product pricing, factor pricing, production, consumption, economic welfare, etc. | Covers various issues like, national income, general price level, distribution, employment, money etc. |
| Importance | Helpful in determining the prices of a product along with the prices of factors of production (land, labor, capital, entrepreneur etc.) within the economy. | Maintains stability in the general price level and resolves the major problems of the economy like inflation, deflation, reflation, unemployment and poverty as a whole. |
| Limitations | It is based on unrealistic assumptions, i.e. In microeconomics it is assumed that there is a full employment in the society which is not at all possible. | It has been analyzed that 'Fallacy of Composition' involves, which sometimes doesn't proves true because it is possible that what is true for aggregate may not be true for individuals too. |
| Example | Individual Demand, Price of a product, etc. | Aggregate Demand, National Income, etc. |
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Abhishek Gaur 7 years, 1 month ago
अर्थशास्त्र में,निवल और सकल के बीच अंतर को मूल्यह्रास कहा जाता है.
OUR BEST WISHES ALWAYS WITH YOU,
DEAR STUDENT
WRITTEN BY:-ABHISHEK GAUR
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