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Yogita Ingle 6 years, 2 months ago
Money consists of currency and demand deposits and the high powered money consists of currency and cash reserves with banks.
Money= R + D, where R is the currency with the public and D is the demand deposits.
High Powered Money = R + C, where R is the currency with the public and C is the cash reserves of banks.
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Yogita Ingle 6 years, 2 months ago
Infrastructure refers to all such services and facilities, which are needed to provide different kinds of services in an economy and which are essential in raising the place of economic growth of a country.
It contributes to economic development of a country both by raising the productivity of factors of production and improving the quality of life of its people.
It provides supporting services in the main areas of industrial and agricultural production, domestic and foreign trade and commerce.
Astayan Chakraborty 6 years, 2 months ago
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Yogita Ingle 6 years, 2 months ago
Variable costs vary directly with output – when output is zero, variable costs will be zero but as production increases, total variable costs will rise
Examples of variable costs include the costs of raw materials and components, packaging and distribution costs, the wages of part-time staff or employees paid by the hour, the costs of electricity and gas and the depreciation of capital inputs due to wear and tear
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Yogita Ingle 6 years, 2 months ago
‘Food for Work’ programme was started in 1970s to raise the standard of living of poors. These poverty alleviation programme aimed to raise income and employment for the poor through the creation of incremental assets and by means of work generation. This programme wanted to ensure goods instead of money.
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Himanshu Garg 6 years, 1 month ago
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