Posted by Mukrang Terang 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.
Posted by Laxmi Priya Dash 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.
Posted by Arnav Singh 1 day, 15 hours ago
click on the given link to know about the deleted topics and revised syllabus
Posted by Shivam Pandey 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.
Posted by Abrar Abbu 2 days, 23 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:
ii) MEASURE OF VALUE:
|(B) SECONDARY FUNCTIONS||i) STANDARD OF DEFERRED PAYMENTS:
ii) STORE OF VALUE:
iii)TRANSFER OF VALUE:
Posted by Aditi Saini 2 days, 23 hours ago
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Posted by Jaspal Kaur 3 days, 22 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.
Posted by Azima Kahkashan Ansari 5 days, 1 hour ago
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Posted by Rejaw Uddin 6 days, 2 hours 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
Posted by Anam Ali 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.
Posted by Karma Lhamo 1 week, 1 day ago
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