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1. Explain the productivity awareness and Ques2. The basis different of purpose behind the consume price index number and the wholesale price index number |
Answer» <html><body><p>1:<a href="https://interviewquestions.tuteehub.com/tag/productivity-1168351" style="font-weight:bold;" target="_blank" title="Click to know more about PRODUCTIVITY">PRODUCTIVITY</a> Awareness:-• Productivity and cost are reciprocal of each other, Higher productivity <a href="https://interviewquestions.tuteehub.com/tag/implies-1037962" style="font-weight:bold;" target="_blank" title="Click to know more about IMPLIES">IMPLIES</a> lower cost. • Higher Productivity ➸ Lower cost ➸ Higher profits.• Productivity awareness implies awareness among the producers of objective of maximising profits.• In the industrial sector in India, productivity awareness is <a href="https://interviewquestions.tuteehub.com/tag/fairly-2078571" style="font-weight:bold;" target="_blank" title="Click to know more about FAIRLY">FAIRLY</a> large, but in the agricultural sector, it is comparatively low. Answer-2:In <a href="https://interviewquestions.tuteehub.com/tag/case-910082" style="font-weight:bold;" target="_blank" title="Click to know more about CASE">CASE</a> of consumer price index number, the basic purpose is to aware about the cost of living of a specified group of consumer in the society. In case of wholesale index number, the basic purpose is to know the situations of overall <a href="https://interviewquestions.tuteehub.com/tag/demand-436956" style="font-weight:bold;" target="_blank" title="Click to know more about DEMAND">DEMAND</a> and supply in the economy. Rising price indicate a situation of excess demand, while falling prices suggest a situation of deficient demand. While, wholesale price index focuses on the date of inflation in the economy.</p></body></html> | |