Ask questions which are clear, concise and easy to understand.
Ask QuestionPosted by Siddharth Jain 5 years, 9 months ago
- 2 answers
Shrishti _ 5 years, 9 months ago
Posted by Prateek Sheoran 5 years, 9 months ago
- 1 answers
Yogita Ingle 5 years, 9 months ago
Crawling Peg is a compromise between fixed exchange rate and flexible exchange rate. According to Crawling Peg system, a country specifies a parity value for its currency and allows small adjustment i.e. permits a small variation around that parity (such as ± 1% from the parity). There is a ceiling and floor limit so that it can provide some discipline on the part of monetary authorities.
Posted by Ravi Soni 5 years, 9 months ago
- 5 answers
Piyush Pundir 5 years, 9 months ago
Khushi Varshney 5 years, 9 months ago
Posted by Kumari Abha 5 years, 9 months ago
- 3 answers
Posted by Nishant Nigam 5 years, 9 months ago
- 4 answers
Lovely Dhawan 5 years, 8 months ago
Gursimran Saini 5 years, 8 months ago
Siddharth Jain 5 years, 9 months ago
Reyansh Sharma 5 years, 9 months ago
Posted by Mehak - 5 years, 9 months ago
- 3 answers
Aaina Gupta 5 years, 9 months ago
Lunatic .. 5 years, 9 months ago
Posted by Kavita Rathore 5 years, 9 months ago
- 1 answers
Yogita Ingle 5 years, 9 months ago
1. With tariffs the Government receives the revenue whereas no revenue is received by the Government by applying non-tariff measures.
2. Non-tariff measures protect the procedures and make them feel more secure than under a tariff. But incentives are not there under tariffs.
3. In tariff customer’s classification and valuation procedures pose a problem before the customs authorities. Where-as under non-tariff measures no such problem arises.
4. Non-tariff barriers to trade induce the domestic producers to form monopolistic organisations with a view to keeping output low and prices high. This is not possible under import duty.
Posted by Kavita Rathore 5 years, 9 months ago
- 3 answers
Abrar Qureshi 5 years, 9 months ago
Posted by Ritika Mehra 5 years, 9 months ago
- 2 answers
Yogita Ingle 5 years, 9 months ago
Adam Smith was an 18th-century Scottish economist, philosopher, and author who is considered the father of modern economics.
Posted by Pankaj Talwar 5 years, 9 months ago
- 1 answers
Yogita Ingle 5 years, 9 months ago
| Basis for Differentiation | Microeconomics | Macroeconomics |
|
Meaning |
Microeconomics studies the particular market segment of the economy | Macroeconomics studies the whole economy, that covers several market segments |
| Deals with? | Microeconomics deals with various issues like demand, supply, factor pricing, product pricing, economic welfare, production, consumption, etc., | Macroeconomics deals with various issues like national income, distribution, employment, general price level, money, etc., |
| Business Application | Applied to internal issues | Environment and external issues |
| Scope | Covers several issues like demand, supply, factor pricing, product pricing, economic welfare, production, consumption, etc. | Covers several issues like distribution, national income, employment, money, general price level, etc., |
| Significance | Useful in regulating the prices of a product alongside the prices of factors of production (labour, land, entrepreneur, capital, etc) within the economy | Perpetuates firmness in the broad price level and solves the major issues of the economy like deflation, inflation, rising prices (reflation), unemployment and poverty as a whole |
| Limitations | It is based on impractical presuppositions, i.e. In microeconomics, it is presumed that there is full employment in the community which is not at all feasible | It has been scrutinized that Misconception of Composition’ incorporates, which sometimes fails to prove accurate because it is feasible that what is true for aggregate (comprehensive) may not be true for individuals too |
Posted by Navneet Kaur 5 years, 9 months ago
- 2 answers
Aleena Mariam John 5 years, 9 months ago
Posted by Akash Chauhan 5 years, 9 months ago
- 6 answers
Ritika Mehra 5 years, 9 months ago
Posted by Kamal Mahar 5 years, 9 months ago
- 1 answers
Karan Chopra 5 years, 9 months ago
Posted by Dev Dev 5 years, 9 months ago
- 3 answers
Ritika Mehra 5 years, 9 months ago
Posted by Kunal Gupta 5 years, 9 months ago
- 1 answers
Jashanpreet Singh Saini 5 years, 9 months ago
Posted by Shivam Rawat 5 years, 9 months ago
- 1 answers
Abrar Qureshi 5 years, 9 months ago
Posted by Sandeep Rawat 5 years, 9 months ago
- 2 answers
Gursimran Saini 5 years, 8 months ago
Tarun Singh 5 years, 9 months ago
Posted by Harkirat Singh 5 years, 9 months ago
- 1 answers
Posted by Rajesh Saroj 5 years, 9 months ago
- 2 answers
Rajesh Saroj 5 years, 9 months ago
Posted by Shekhar Rana 5 years, 9 months ago
- 2 answers
Posted by Kriti Mishra 5 years, 9 months ago
- 1 answers
Posted by Kriti Mishra 5 years, 9 months ago
- 0 answers
Posted by Harkirat Singh 5 years, 9 months ago
- 2 answers
Gursimran Saini 5 years, 8 months ago
Tavishi Garodia 5 years, 9 months ago
Posted by Anchal Kushawaha 5 years, 9 months ago
- 1 answers
Sunaina Bisht 5 years, 9 months ago
Posted by Ujjaval Jat 5 years, 9 months ago
- 1 answers
Posted by Navneet Kaur 5 years, 9 months ago
- 0 answers
Posted by Aarya Ranpise 5 years, 9 months ago
- 3 answers
Yogita Ingle 5 years, 9 months ago
Affluence means economic well being. Trap is something in which we get caught and we can not escape out of it. Affluence trap means environmental degradation trap. With affluence or economic well being more natural resources are used up causing environmental problems. In the rich countries of the developed world, the high level of consumption associated with the high level of income is using up natural resources at a fast pace; As a consequence, these countries are getting trapped into a situation of severe environmental degradation.
Posted by Khushi Tyagi 5 years, 9 months ago
- 1 answers

myCBSEguide
Trusted by 1 Crore+ Students

Test Generator
Create papers online. It's FREE.

CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
myCBSEguide
Ritika Mehra 5 years, 9 months ago
0Thank You