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Yogita Ingle 15 hours ago

PPC shows the maximum possible combination of two goods that can be produced with the available resources and technology.  So the production one good can be increased by taking resources from the production of another good as there is inverse relationship between the change in quantity of production one good to the change in the qunatityy of production of another good. Therefore the PPC sloped downards from left to right. 

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Gaurav Seth 1 day, 14 hours ago

Domestic territory: In common language, the domestic territory of a nation means political territory of a nation. In economics, it refers to economic territory which refers to the geographical territory administered by a government within which persons, goods and capital circulate freely. Domestic territory of a nation includes the following:
a) Territory lying within the political frontier including territorial waters of a country.
b) Ships and air crafts operated by residents of the country across different parts of the world.
c) Embassies, consulates and military establishments of a country located in abroad.

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Gaurav Seth 1 day, 14 hours ago

<a href="http://cbseacademic.nic.in/revisedcurriculum_2021.html">http://cbseacademic.nic.in/revisedcurriculum_2021.html</a>

click on the given link to know about the deleted topics and revised syllabus 

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Yogita Ingle 2 days, 22 hours ago

At the time of independence, the land tenure system was characterised by intermediaries called zamindars, jagirdars etc. Who merely collected rent from the actual tiller without contributing towards improvements on the farm. This demotivated the actual tiller and resulted in low productivity in this sector. Because of this, there was an urgent need for land reform policy. - The important policies of India’s land reform strategy were:
(i) Abolition of Intermediaries The Zamindari system was abolished and ownership rights were confused to the actual tiller of land.
(ii) Regulation of Rent Rent was regulated and a maximum limit of 33 % of the value of crop was fixed.
(iii) Land Ceiling The maximum size of land holding that an agricultural household can own was fixed.the surplus land was acquired after paying compensation and was re-distributed among poor farmers.
(iv) Consolidation of Land Holding To increase productivity farmers were given big piece of land in place of his small and fragmented fields.
(v) Co-operative Farming Co-operative farming was encouraged to further benefit from the gains of consolidation of holdings.

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Yogita Ingle 2 days, 22 hours ago

Functional definition of money refers to money as anything that performs four basic functions, (a) It serves as a medium of exchange. (b) It serves as a standard unit of value. (c) It serves as a means for future / contractual payments or standard of deferred payments

FUNCTIONS OF MONEY Functions of money can be broadly categorized into two types:

(a) Primary functions

(b) Secondary functions

(A) PRIMARY FUNCTIONS i) MEDIUM OF EXCHANGE:
  • It means that money can be used to make payments for all transactions of goods and services.
  • A buyer can buy goods through money and a seller can sell goods for money.
  • It is an essential function of money.

ii) MEASURE OF VALUE:

  • Money serves as a measure of value.
  • Value of all goods and services is expressed in terms of money.
(B) SECONDARY FUNCTIONS i) STANDARD OF DEFERRED PAYMENTS:
  • It means that money acts as a ‘standard’ for making future payments.
  • It has made deferred payments much easier than before.
  • Example: When we borrow money from somebody, we have to return both the principal as well as interest amount in the future.
  • Money is a convenient mode of calculation & payment of interest amount to be paid in the future.
  • This function has facilitated borrowing and lending.
  • It has also led to the creation of financial institutions.

ii) STORE OF VALUE:

  • Store of value implies a store of wealth.
  • Money can be easily stored for future use.
  • It is the most convenient and economical means of storing earnings and wealth.

iii)TRANSFER OF VALUE:

  • Money also serves for transfer of value.
  • It facilitates buying and selling of goods not only in the domestic country but also in other parts of the world.
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Tamanna Sharma 3 days, 13 hours ago

Yes on cbse guide app u cn get the 📝📝
  • 1 answers

Varsha Dahiya 3 days, 20 hours ago

-Level of output of goods and services in economy -general price level -GDP growth
  • 1 answers

Varsha Dahiya 3 days, 20 hours ago

A plan spells out how the resources of a nation should be put to use. It should have some general goals as well as specific objectives which are to be achieved eithin specified period of time.
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Gaurav Seth 3 days, 21 hours ago

Stock is static concept. Eg: wealth, water in a tank. Flow: Flow is that quantity of an economic variable, which is measured during the period of time. Flow has time dimension- like per hr, per day etc. Flow is a dynamic concept.

Aaiman Farhin 3 days, 22 hours ago

We can measure stock. It is countable. For ex stock of goods at the end of the year is countable
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Aaiman Farhin 5 days, 19 hours ago

There are two types of economics 1. Microeconomics- In this economics we study economy as a part. 2. Macroeconomic - In this economy we study economy as a whole
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Varsha Dahiya 3 days, 21 hours ago

False , zamidari system during british rule didn't brought stability , istead , it brought instability to cultivate. Bcuz this system led to frequent ejection of tillers of soil.They lost their permanent rights of cultivation and accordingly lost permanent interest in cultivation .
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Yogita Ingle 6 days ago

Macroeconomics is the branch of economics that deals with the behavior and performance of an economy as a whole.

It is generally the study of central issues like

  • Employment
  • The growth rate of National output
  • GDP
  • Inflation
  • General Price level and stability

Aditi Shukla 6 days, 1 hour ago

Macro economics is that branch of economics which studies regarding the economic issues, relationship at the level of economy as a whole.
  • 4 answers

Rajesh Bhatia 4 days, 13 hours ago

1881..

Rejaw Uddin 6 days, 2 hours ago

What is economy

Yogita Ingle 6 days, 23 hours ago

India’s first official census operation was undertaken in the year 1881 and after that the Census has been conducted in every 10 years.
 

Petrolhead Wikitrix 6 days, 23 hours ago

1881
  • 2 answers

Rohit Gupta 1 week ago

Please send your doubts on my what's app no -8826561537 Rohit gupta

Aaiman Farhin 1 week, 1 day ago

Government budget is needed to estimate all the revenue and expenditure of the fiscal year it helps the government in planning.

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