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Which of the following lists includes only capital resources (and ther Which of the following lists includes only capital resources (and therefore no labor or land resources)?
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
Which of the given is a bank? a) Post office saving banks (b) LIC (c) UTI (d) IDBI.
What is the role of price in market economies?
What are the strength and weakness of using per capital national income? give explained answer for query
Does full employment take place if AD = AS or S = I?
If the liability to give a tax is on one person and the burden of tax fall on some other person, state the kind of tax? Answer: These are indirect taxes like sales
Law of supply: It is the claim which, other things equivalent, the quantity supplied of a good increases whenever the price of the good increases.
Definition of surplus: It is a condition in which quantity supplied is more than quantity demanded. To remove the surplus, producers will minimize the price till the market reaches to equilibrium.
Substitutes: The two goods for which a rise in the price of one good leads to a rise in the demand for another.
Describe the following terms: (i) Business fixed investment (ii) Inventory Investment (iii) Residential construction Investment (iv) Public Investment.
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