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

Economic Planning in India: Achievements and Failures (a) Higher Rate of Growth: (b) Growth of Economic Infrastructure: (c) Development of Basic and Capital Goods Industries: (d) Faster Growth of Agriculture: (e) Savings and Investment: (f) Economic Self-Reliance: (a) Inadequate Growth Rate: (b) Move Toward Socialistic Pattern of Society:

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What are externalities? Give an example of a positive externality and it's impact on welfare of the people

Posted by Abishek Bhujel 3 years, 10 months ago

CBSE > Class 12 > Economics

1 answers

Sia ? 3 years, 10 months ago

An externality is said to occur when the actions of one entity bears an impact on other entities. These externalities can be positive as well as negative. A positive exeternality is when the action of one person positively affects the others. For instance, plantation by a person fresh air to the neighbours.
Also it contributes to the environment and at the same time, increases the welfare of the neighbours.
Thus plantation by a person affects the life of the people living in the surrounding areas; it enhances the overall welfare of the society and positive exeternality

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What is means by traiff

Posted by Kadhiresan Muthukumar 3 years, 10 months ago

CBSE > Class 12 > Economics

1 answers

Atul Kumar Yadav 3 years, 10 months ago

A tariff is a tax imposed by a government of a country or of a supranational union on imports or exports of goods. Besides being a source of revenue for the government, import duties can also be a form of regulation of foreign trade and policy that taxes foreign products to encourage or safeguard domestic industry.

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.....Refers to farmers land on imported goods.

Posted by Suvangi Mohanty 3 years, 10 months ago

CBSE > Class 12 > Economics

2 answers

Suvangi Mohanty 3 years, 10 months ago

Love you to very much

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Kadhiresan Muthukumar 3 years, 10 months ago

Agriculture

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Difference between national income and domestic income

Posted by Pranjal Kumud 3 years, 9 months ago

CBSE > Class 12 > Economics

2 answers

Sia ? 3 years, 9 months ago

National income is the sum total of factor incomes earned by normal residents of a country during a given year. Domestic income is the sum total of factor incomes generated within the domestic territory of a country. Market price includes the impact of indirect taxes, but not of subsidies.

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Jyotsana Arora 3 years, 9 months ago

Domestic Income- income earned within the domestic territory of a country by its residents and non residents National income - income earned within the domestic territory of a country or outside the domestic territory of the country by its residents

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Given the following information, calculate GDP@MP, NNP@ FC, GNP @FC, NDP@FC (4) i. GDP@FC – Rs. 35680 ii. Depreciation – Rs. 1500 iii. Net indirect taxes – Rs. 1250 iv. Net factor income from abroad – Rs. 400

Posted by S.Ranish Kumaran 3 years, 10 months ago

CBSE > Class 12 > Economics

2 answers

Suvangi Mohanty 3 years, 10 months ago

Refers to farmers land on imported goods

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Bhavana Tiwari 3 years, 10 months ago

1. GDP@mp= GDP@fc+NIT 35680+1250=36930GDP@mp 2. NDP@fc= GDP@fc - depreciation 35680-1500=34180NDP@fc 3. GNP@fc= GDP@mp+NFIA 36930+400=37330GNPfc 4. NNP@fc=NDP@fc+NFIA 34180+400=34580NNP@fc Solution is right or wrong please tell me

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If in an economy the value of NFIA is Rs. 400 crores and the value of factor income to abroad is RS. 40 crores. Find the value of factor income from abroad.

Posted by S.Ranish Kumaran 3 years, 10 months ago

CBSE > Class 12 > Economics

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Jyotsana Arora 3 years, 9 months ago

NFIA = NFIFA - NFITA 400 = NFIFA - 40 440 = NFIFA

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What was the focus of the economic policies pursued by the colonies government in india?

Posted by Khushi Kumari 3 years, 10 months ago

CBSE > Class 12 > Economics

2 answers

Khushi Kumari 3 years, 9 months ago

Thanks

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Amit Chopra 3 years, 9 months ago

The main focus of the economic policies pursued by the colonial government was to make India a supplier of raw materials to britain's industries and make India a market for finished goods that will be imported from Britain.

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Explain the difference between capital and investment, using a numerical problem.

Posted by Natasha Mishra 3 years, 9 months ago

CBSE > Class 12 > Economics

1 answers

Sia ? 3 years, 9 months ago

Capital account is the credit balance of the books of account, while investment is the debit balance of the books of account. Capital account represents the paid up capital of share, reserve, and surplus. The difference between investment and capital is that capital is a factor of production while investment is not.

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Difference between intermediate goods and final goods with examples?

Posted by Natasha Mishra 3 years, 10 months ago

CBSE > Class 12 > Economics

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Jiya ?? 3 years, 10 months ago

Intermediate goods are not ready for final use and they are under boundary line . Exp...Sugar used for making cake Final goods are those goods which are ready for final use . Exp .....Sugar used by household

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Explain the concept of consumption of fixed capital?

Posted by Natasha Mishra 3 years, 10 months ago

CBSE > Class 12 > Economics

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Satyam Suman 3 years, 10 months ago

Depreciation is also called consumption of fixed capital When we need to find net output from gross output then we subtract depreciation and vice versa

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Explain the difference between consumption goods and capital goods with examples?

Posted by Natasha Mishra 3 years, 10 months ago

CBSE > Class 12 > Economics

1 answers

Kadhiresan Muthukumar 3 years, 10 months ago

Consumption goods means the consuming goods for the farmers and the capital goods means the investment for the companies through asset and it's used for earning profits and example for consumption of the good are farmers consume Goods for the family and capital goods examples are owner invested money to started business

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Foreign exchange reserves were less and not enough to pay import bill for______.

Posted by Krishan Pal 3 years, 10 months ago

CBSE > Class 12 > Economics

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Explain consumption function with the help of a schedule diagram

Posted by Nishi Kumari 3 years, 10 months ago

CBSE > Class 12 > Economics

1 answers

Sia ? 3 years, 10 months ago

Consumption function refers to the standard equation of consumption which defines the relationship between consumption and income where consumption value can be derived at each level with the use of income value. C= c+ bY where c=autonomous consumption, b= marginal propensity to consume, and Y= income.

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A final good may also undergo transformation. True or false. Give reason

Posted by Johanna Syiemlieh 3 years, 10 months ago

CBSE > Class 12 > Economics

2 answers

Sia ? 3 years, 10 months ago

Thus if we consider all the final goods and services produced in an economy in a given period of time they are either in the form of consumption goods (both durable and non-durable) or capital goods. As final goods they do not undergo any further transformation in the economic process.

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Satyam Suman 3 years, 10 months ago

In short false

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bleak growth of mordern industry meaning please

Posted by Nandy Nagar 3 years, 10 months ago

CBSE > Class 12 > Economics

1 answers

Sia ? 3 years, 10 months ago

basically bleak means slow growth . under british raj growth of modern industry was very slow and tardy. ... this industry requires huge investment which was beyond hence industrilisation in india was lopsided.

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What is the difference between depreciation and devaluation and what's effect of depreciation on our national income and on export?

Posted by Bhavana Tiwari 3 years, 10 months ago

CBSE > Class 12 > Economics

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Classify the following as revenue expenditure and capital expenditure 1. Subsidies 2.repayment of loans 3.expenditure on building bridge

Posted by Nagendran Krishna 3 years, 10 months ago

CBSE > Class 12 > Economics

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Classify as revenue reciepts and capital reciepts with reasons Financial help from MNCs Sale of public share to private sector Dividends Borrowing from imf

Posted by Nagendran Krishna 3 years, 10 months ago

CBSE > Class 12 > Economics

1 answers

Anshmeen Kaur 3 years, 9 months ago

Financial help from MNC is a revenue receipt as it neither creates any liability nor reduces assests of govt. Sale of public share to private sector is a capital receipt as it reduces assets of govt. Dividend borrowings from IMF is a capital receipt as it creates liability of the govt.

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Through budgetary policy govt allocate resources in. accordance with requirement of the country justify the statement

Posted by Nagendran Krishna 3 years, 10 months ago

CBSE > Class 12 > Economics

1 answers

Manish Singh Bohra 3 years, 10 months ago

through budgetary policy, government allocates the resources of the economy. This may be in accordance with the economic and social priorities of the economy thorough the tax concessions/subsidies or directly producing goods and services

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Difference between National Income & Domestic Income?

Posted by Ariana Malhotra 3 years, 10 months ago

CBSE > Class 12 > Economics

2 answers

Vaishnavi Singh 3 years, 10 months ago

National income is the income from the goods produced in the economic during an accounting year . Whereas, the domestic income is the income earned from the goods and services produced within the domestic territory during an accounting year. No matter who produces it either residents or non residents.

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Akshay Kumar 3 years, 10 months ago

Money earned by govt. Is national and money earned by a person os domestic.

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Describe the circular flow of income in a two sector economy ( without financial market)

Posted by Jasleen Kour 3 years, 10 months ago

CBSE > Class 12 > Economics

3 answers

Rajesh Singla 3 years, 10 months ago

Household sector or producer sector

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Satyam Suman 3 years, 10 months ago

Its given in Sandeep garg book very clearly and in a simplified way . Must go through it once

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Hetvi Darji 3 years, 10 months ago

Household sector Production sector

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In case of continuous fall in demand level in economy what will happen

Posted by Ranju Devi 3 years, 10 months ago

CBSE > Class 12 > Economics

3 answers

Vaishnavi Singh 3 years, 10 months ago

In the given scenario economy will slip into "low level equilibrium trap" Where low demand > low production >low income > fall in GDP. Thus, the economy will witness inflationary spiral

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Annu Dhaka 3 years, 10 months ago

If demand less production less output less employment less and income less after which demand will be less...so it will become inflationary spiral

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Anamika Sharma 3 years, 10 months ago

If demand less, production less, then employment less, and income less.. again if income less then demand will be less

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What is capital goods?

Posted by Divya Rai 3 years, 10 months ago

CBSE > Class 12 > Economics

2 answers

Anmol Chawla 3 years, 10 months ago

Capital goods consist of any tangible assets that an organization uses to produce goods or services such as office buildings, equipment and machinery. Capital goods are used for the production process several times and add to the productive capacity and to the capital stock of the country.

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Vidhi Gupta 3 years, 10 months ago

Capital goods are the machine tools which help in producing goods used for current consumption.

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What is Commercialisation of agriculture?

Posted by Devika Ai 3 years, 10 months ago

CBSE > Class 12 > Economics

2 answers

Vidhi Gupta 3 years, 10 months ago

Commercialization of agriculture means the production of goods for sale in the market rather than for self consumption.

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Anamika Sharma 3 years, 10 months ago

In easy words, producing crops to sell in market or to earn profit and not just for self consumption.

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How did commercialization of agriculture resulted in famines

Posted by Harshita Harshita 3 years, 10 months ago

CBSE > Class 12 > Economics

1 answers

Ankush Bishnoi 3 years, 10 months ago

famine refers to a widespread scarcity of food, hunger, starvation. commercialization means producing crops for market. so, now instead of producing food crops they were producing cash crops which were used by british industries. This decline of food crops due to commercialization resulted in occurance of famines.

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Can you send me a economic book cover book microeconomics and macroeconomics

Posted by Suvangi Mohanty 3 years, 10 months ago

CBSE > Class 12 > Economics