Posted by Mehak - 13 hours ago
Posted by Kavita Rathore 15 hours ago
1. With tariffs the Government receives the revenue whereas no revenue is received by the Government by applying non-tariff measures.
2. Non-tariff measures protect the procedures and make them feel more secure than under a tariff. But incentives are not there under tariffs.
3. In tariff customer’s classification and valuation procedures pose a problem before the customs authorities. Where-as under non-tariff measures no such problem arises.
4. Non-tariff barriers to trade induce the domestic producers to form monopolistic organisations with a view to keeping output low and prices high. This is not possible under import duty.
Posted by Pankaj Talwar 19 hours ago
|Basis for Differentiation||Microeconomics||Macroeconomics|
|Microeconomics studies the particular market segment of the economy||Macroeconomics studies the whole economy, that covers several market segments|
|Deals with?||Microeconomics deals with various issues like demand, supply, factor pricing, product pricing, economic welfare, production, consumption, etc.,||Macroeconomics deals with various issues like national income, distribution, employment, general price level, money, etc.,|
|Business Application||Applied to internal issues||Environment and external issues|
|Scope||Covers several issues like demand, supply, factor pricing, product pricing, economic welfare, production, consumption, etc.||Covers several issues like distribution, national income, employment, money, general price level, etc.,|
|Significance||Useful in regulating the prices of a product alongside the prices of factors of production (labour, land, entrepreneur, capital, etc) within the economy||Perpetuates firmness in the broad price level and solves the major issues of the economy like deflation, inflation, rising prices (reflation), unemployment and poverty as a whole|
|Limitations||It is based on impractical presuppositions, i.e. In microeconomics, it is presumed that there is full employment in the community which is not at all feasible||It has been scrutinized that Misconception of Composition’ incorporates, which sometimes fails to prove accurate because it is feasible that what is true for aggregate (comprehensive) may not be true for individuals too|
Posted by Akash Chauhan 1 day, 2 hours ago
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Posted by Priyanshu Abhineet 1 day, 11 hours ago
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Posted by Harkirat Singh 2 days, 11 hours ago
Posted by Rajesh Saroj 2 days, 13 hours ago
Posted by Harkirat Singh 3 days, 12 hours ago
Posted by Aarya Ranpise 3 days, 20 hours ago
Affluence means economic well being. Trap is something in which we get caught and we can not escape out of it. Affluence trap means environmental degradation trap. With affluence or economic well being more natural resources are used up causing environmental problems. In the rich countries of the developed world, the high level of consumption associated with the high level of income is using up natural resources at a fast pace; As a consequence, these countries are getting trapped into a situation of severe environmental degradation.
Posted by Khushi Tyagi 3 days, 21 hours ago
Posted by Chayan Mondal 3 days, 21 hours ago
Rural development is a comprehensive term which essentially focuses on action for the development of area which is lagging behind in overall development of village economy.
Objectives of rural development:
1. Increasing productivity of agricultural sector.
2. Generating alternative means of livelihood in rural sector.
3. Promoting education and health facilities in the rural areas.
Posted by ishi****@***** 3 days, 21 hours ago
The government by selling its stake in public sector or joint sector enterprise is termed as disinvestment. This leads to privatisation. But the government should unload shares of only inefficient enterprises and the money received should be utilised for productive investment.
Posted by Ashu Sharma 3 days, 23 hours ago
Outsourcing is defined as the practice of having certain job functions done outside a company instead of having an in-house department or employee handle them, functions can be outsourced to either a company or an individual.
Posted by Tanay Ramuka 4 days, 10 hours ago
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