CBSE > Class 12 > Economics | CBSE Board | Homework Help

Ask questions which are clear, concise and easy to understand.

Ask Question

What is meant by scarcity of resource

Posted by Abhay Singh 7 years, 2 months ago

CBSE > Class 12 > Economics

5 answers

Lakshita Sharma 7 years, 2 months ago

All ryt gaurav...everyone has different views..may b ur simple way help many people..?

1Thank You

Gaurav Bansal 7 years, 2 months ago

I know....lakshita ....it is not related to any points..but it is the simplest way to understand this.

0Thank You

Lakshita Sharma 7 years, 2 months ago

Gaurav...no doubt...ur example was nice but it do not relates th topic anywhere...just my views...dont b arrogant...?

1Thank You

Gaurav Bansal 7 years, 2 months ago

Scarcity is the situation when demand exceeds supply at zero level of price.for example- In winter season,we demand sunlight but when sun do not appear then u can say that there is scarcity of sunlight. But In summer season we cannot demand sunlight so even sun cannot appear but we cannot say that there is scarcity of sunlight. Hope it helped

0Thank You

Lakshita Sharma 7 years, 2 months ago

Scarcity of resources means lack of resources...simply means tht their are less resources in th economy then needed...hope it helped abhay singh...?

1Thank You

ANSWER

If a price of a good is given, how does a consumer decide as to how many units of that good to buy? Explain.

Posted by Abhishek Kumar 7 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Rahul Dwivedi 7 years, 2 months ago

If the price of goods are less so consumer is buy many units. if the price of goods are higher so consumer buy less units

0Thank You

ANSWER

Inflation

Posted by Shalu Tiwari 7 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Lakshita Sharma 7 years, 2 months ago

Inflation is increase in the price level of goods and services in an economy over a period of time...hope it helped Shalu tiwari...???

2Thank You

ANSWER

describe circular flow of income in two sector of economy

Posted by Tuhin Das 7 years, 2 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

How the world bank report capital creation?

Posted by Yashika Ganotra 7 years, 2 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Why in fiscal defict borrowings are excluded from total receipts??

Posted by Xari Singh 7 years, 2 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

what is store of value ?

Posted by Saloni Tiwari 7 years, 2 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Why the investment is always constant in aggregate demand

Posted by Mihir Dashora 7 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Rimjhim Shrivastava 7 years, 2 months ago

It is not always constant but we keep it as constant, such investment is called autonomous investment. This is kept constant in order to derive the value of Aggregate demand. Otherwise investment increases with increase in income.

1Thank You

ANSWER

difference between made in india and make in India

Posted by Vikas Chaurasia 7 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Rimjhim Shrivastava 7 years, 2 months ago

Made in India refers to a Tagline given to product which are made in india. Whereas make in india is s scheme act launched by Indian govt under PM Narendra Modi which implies the increase of production in india. It emphasis Indians to buy made in India products rather than foreign countries products.

0Thank You

ANSWER

Find mpc when investment multiplier=1

Posted by Riki Karlo 7 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Rimjhim Shrivastava 7 years, 2 months ago

Mpc would be 0(zero)

0Thank You

ANSWER

Explain measure of money supply?

Posted by Arun Kumar 7 years, 2 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Difference Between bank rate and repo rate

Posted by Deepa Singh 7 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Xari Singh 7 years, 2 months ago

Bank rate is for long term needs nd repo rate is for short term needs..

2Thank You

ANSWER

Indifference curve

Posted by Navu Guri 7 years, 2 months ago

CBSE > Class 12 > Economics

2 answers

Mahima Rathi 7 years, 2 months ago

It refers to a locus of points that shows such combination of two commodities which give the consumer the same level of satisfaction

1Thank You

Gopal Wasan 7 years, 2 months ago

Indifference curve is graphical representation of combination of two goods which shows equal amt of satisfaction at every combination

1Thank You

ANSWER

Suggestions for consumer awareness project

Posted by Monica Krmdb 7 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Monica Krmdb 7 years, 2 months ago

Pls send if u get today

5Thank You

ANSWER

You can watch this video for basic concept of national income'https://youtu.be/CK_sSMRQ81U'

Posted by Suhani Dangarh 5 years, 8 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Production nd cost notes

Posted by Gauri Nagpal 7 years, 2 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

The PEOD FOR A GOOD IS (-)0.4. If its price rises by 5%,by what percentage will its demand fall? Calculate

Posted by Deeshant Upadhaya 7 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Gaurav Bansal 7 years, 2 months ago

1Thank You

ANSWER

A same good can be inferior as well as normal.justify the statement

Posted by Sakshi Sharma 7 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Sakshi Singla 7 years, 2 months ago

That is, when the consumers' incomes rise, demand for these goods falls and when consumers' incomes fall, demand for these goods rises. ... If consumers' income goes up, demand for a good cannot go up (normal good) and down (inferior good) at the same time. Therefore, a good cannot be both normal and inferior.

2Thank You

ANSWER

what is fiat money

Posted by M Mohammed Junaid Junaid 7 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Megha Jharwal 7 years, 2 months ago

Fiat money is any money that declares by the govt. as legal tender

0Thank You

ANSWER

Difference between increase in quantity demanded and increase in demand

Posted by M Ahuja 7 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Musfirah Yousuf 7 years, 2 months ago

Increase in quantity demand Rise due to fall in the price of given commodity other factor remaining constant.... Increase in demand rise even whn the own price of the commodity is constant

3Thank You

ANSWER

can marginal revenue be negative.if yes then how it possible.

Posted by Himanshu Gupta 7 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Gopal Wasan 7 years, 2 months ago

Yes marginal revenue can be negative because when producer sell more and more the price of the commodity decreases but the production cost decreases to limit and when price of commodity is less than price of production cost it leads to negative mr

0Thank You

ANSWER

Indifference curve analysis

Posted by Rachan Makkar 7 years, 2 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Explain the process of credit creation by commercial bank with an example?

Posted by Ramiz Rahman 7 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Mahesh Gowda 7 years, 2 months ago

when a commercial bank receives deposit its keep a part of it with the central bank and a part with itself .these are called legal reserve the money lent comes back to it as deposits. again it keeps a part of it with the central bank a part of with itself and lendsthe rest. the process of continuous. in this way banks give loan with is many a times the original deposit. the total credit creation will be 1/ LRR..

3Thank You

ANSWER

C=100+0.9y calculate equilibrium level of income and consumption exp.

Posted by Divyansh Dwivedi 7 years, 2 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Another name of cost of consumption

Posted by Mayank Tripathi 7 years, 2 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Give m3 and m4 measurement of money supply.

Posted by Pravesh Gupta 7 years, 2 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Economics project on oligopoly market and market firm?

Posted by Bhargav Parikh 7 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Lakshita Sharma 7 years, 2 months ago

Seach it on google and do a brief study nd then note it down in your own words...

1Thank You

ANSWER

explain the concept of break even point and shutdown point using a suitable diagram

Posted by Shivam Anand 7 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Vidhi Arora 7 years, 2 months ago

break even point is that point where the firm establishes its equilibrium and the shut down point is when the firm going thorough the losses

1Thank You

ANSWER

What is price ceiling? Explain its implications?

Posted by Jefferson Macgilbert 7 years, 2 months ago

CBSE > Class 12 > Economics

3 answers

Mahesh Gowda 7 years, 2 months ago

price ceiling refers to fixing the maximum price of a commodity at a level of lower than equilibrium price ..government imposed price ceiling in case of essential commodities ( sugar ,kerosene , wheat and excetra)the equilibrium price determined by free market force of demand and supply is high.. the implication of price ceiling is 1.storage or excess demand: at the this control price of quantity demand is more than quantity supplied it creates the shortage and overcome this shortage governament main in force the rationing system. 2. black marketing :if rationing is not administrated by the government effectively IT results in black marketing due to Excess demand buyers will complete and they would be willing to buy a commodity at Higher price than the fixed price by the government.

1Thank You

Mayank Tripathi 7 years, 2 months ago

The maximum price which is fixed by the government is known as the price ceiling Italy above the equilibrium price and it ensure the availability for necessary goods to the weaker section of the society it creates excess demand in the market and cause buffer stock

0Thank You

Nitasha Yadav 7 years, 2 months ago

When a government fixed price more then equilibrium point of market . the government impose price ceiling mainly nessary goods and services.

0Thank You

ANSWER

In eco.

Posted by Virat Kohli 7 years, 2 months ago

CBSE > Class 12 > Economics