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Posted by Bhumika Agarwal 6 years, 8 months ago
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Yogita Ingle 6 years, 8 months ago
Interest received on debentures are not included in National Income as it is a transfer income.
Yash Garg 6 years, 8 months ago
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Charu Gautam 6 years, 8 months ago
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Lakshita Sharma 6 years, 8 months ago
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Lakshita Sharma 6 years, 8 months ago
M. Praga Thesh 6 years, 8 months ago
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Yogita Ingle 6 years, 8 months ago
The main aspect of the fixed exchange rate system is that, there must be reliability that the government will be able to perpetuate and maintain the exchange rate at the degree of level mentioned. Often, if there is a deficit in the Balance of Payment, in a fixed exchange rate system, governments will have to interfere to take care of the gap by the use of its official reserves. If people are aware that the amount of reserves is insufficient, they would begin to be skeptical about the capability of the government to maintain the fixed rate. This may increase the hypothesis of devaluation. When this reliance interprets into aggressive purchasing of one currency hereby forcing the government to devalue, it is known to compose a notional attack on a currency. Fixed exchange rates are liable to such types of attacks, as has been observed in the time period before the subside of the Bretton Woods System.
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Nishika Arora 6 years, 8 months ago
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Yogita Ingle 6 years, 8 months ago
The utility may be defined as the power of commodity or services which satisfy the human wants. It has nothing to do with usefulness or harmfulness but simply refers to wheather the goods & services satisfy human beings or not. In economics the goods whether they are useful or not posses utility which can satisfy human wants.
There are three types of utility:
- Total utility
- Marginal utility
- Average utility
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Manish Agarwall 6 years, 8 months ago
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Yogita Ingle 6 years, 8 months ago
Capitalist economy is an economic system where the means of production are privately owned. These means of production are driven by the motive of profit making. This economic structure is also known as free market economy or laissez faire.
Following are the features of a capitalist economy:
1. Role of the government: The government provides the basic framework for the smooth functioning of an economy. It provides the basic framework and is responsible for maintenance of law and order, justice, growth and stability, defence, etc.
2. Profit motive: The economic agents are driven by the prime motive of profit maximization.
3. Central problems: The central problems of an economy are solved by the market forces of demand and supply, i.e., the law of demand and supply operates here. The producers will supply only those goods and services that are demanded by the economy.
Posted by Yuvi A 6 years, 8 months ago
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Yogita Ingle 6 years, 8 months ago
Consumption of fixed capital means the depreciation of fixed assets. It is a loss of value in use because of normal wear and tear, normal rate of accidental damages and expected or foreseen obsolescence. Capital loss is a loss of value of fixed assets but these are not in use. It happens because of natural calamities and fall in market value of assets at times of economic recession.
Posted by Yuvi A 6 years, 8 months ago
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K Uma Mahesh 6 years, 8 months ago
Posted by Yuvi A 6 years, 8 months ago
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Yogita Ingle 6 years, 8 months ago
Gross investment comprises of the total expenditure incurred on capital goods (such as plants, machinery, etc.).While, net investment refers to the total value of investment in the capital goods after taking account of depreciation. It is calculated by subtracting depreciation from gross investment.
Thus, we can say that the only difference between gross investment and net investment is that, while gross investment includes depreciation, net investment does not. That is, Algebraically,
Net Investment = Gross Investment – Depreciation
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Yash Garg 6 years, 8 months ago
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