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The TERTIARY SECTOR or service sector is the third of the THREE economic sectors of the three-sector theory. The others are the secondary sector (approximately the same as manufacturing), and the primary sector (raw MATERIALS).

hope this helps have a NICE day 

Since 1966-67, Indian agriculture had undergone a sea-change, both in the qualitative and quantitative ways. The high-yielding variety of seeds (popularly known as H.Y.V.) invented by DR. Norman Borlaug, were introduced in such a way that entire stagnant agriculture came to the juncture of a massive overhauling.

Through the introduction of shorter H.Y.V. wheat seeds of Mexico, rice seeds like Taichung and I.R. varieties from Philippines, seeds of Green Revolution were sown in India. A round-up of agricultural development in this period revealed that POOR growth RATE in production and large amount of foreign exchange drainage for necessary imports were weighing heavily against the rapid change of the agricultural scenario.
To overcome these major handi­caps, the Government of India had promulgated a ‘new strategy’ and sought collaboration from the International Rice Research Institute, Rockefeller Foundation and several other organizations. This new strategy tried a co-ordination of the suggestions from heterogenous agencies.

They had made several recommendations:

1. Introduction of H.Y.V. seeds.

2. New measure to exploit water resources.

3. Enhancement and overhauling of existing irrigation potential.

4. Increasing the intensity of farming and introduction of multiple cropping.

5. Creation of additional capacity to produce fertilizer, pesticides and insecticides.

6. Adaptation of high technology and its FLOW TOWARDS remote areas

A STATEMENT of the ASSETS, liabilities, and capital of a business or other organization at a particular POINT in TIME, detailing the balance of income and expenditure over the PRECEDING period.

Economic statistics is a topic in applied statistics that CONCERNS the collection, processing, compilation, DISSEMINATION, and analysis of economic DATA. It is also common to call the data themselves 'economic statistics', but for this USAGE see economic data.

Agriculture prices have DIRECT impact on Consumption or purchasing power . If more amount of money is required to purchase same quantity of products . HENCE less savings among people and less money for DEVELOPMENT . Less deposits with BANKS and high lending rates , relutance .

1. Leads Deflation
2. Unemployment
3. Less development etc

World economy is falling i.e increment in non PERFORMING assts in bank and losses in balance SHEET of companies REDUCES economic growth which lead to inflation .


Global financial crisis has least effect on Indian economy because Indian GDP CONTRIBUTION is from service sector and agriculture sector . However developed economy is boosted because of manufacturing sector .

Liberalisation of the economy means It's freedom from Direct or physical control imposed by the government. Government had imposed LAYERS of CONTROLS on private entreprises like liscensing permission, quota systm.import liscensing. In liberalisation all these RESTRICTIONS were removed.

So, It stands in ECONOMIC SPHERES.

Calculate TOTAL sales. Add up all the MONEY made from the sale of GOODS and services sold by your business. ...

Calculate the cost of goods sold (COGS). Add up the EXPENSES associated with selling the products to generate a value for the cost of goods sold. ...

DETERMINE Gross Profit. ...

Calculate Gross Profit Margin.

A state of emergency in India refers to a period of governance under an altered constitutional setup that can be proclaimed by the President of India, when he/she perceives grave threats to the nation from internal and external sources or from financial situations of crisis. Under the advice of the CABINET of ministers and using the powers vested in him/her largely by Part XVIII of the Constitution of India, the President can OVERRULE MANY provisions of the constitution, which guarantee fundamental rights to the citizens of India and acts GOVERNING devolution of powers to the states which form the federation. In the history of independent India, there were three periods during which a state of emergency was need to have existed.

Between 26 October 1962 to 10 January 1968 during the India-China war — "the security of India" having been declared "threatened by external aggression".Between 3 December 1971 to 21 March 1977 originally proclaimed during the Indo Pakistan war, and later extended along with the third proclamation — "the security of India" having been declared "threatened by external aggression".Between 25 June 1975 to 21 March 1977under controversial circumstances of POLITICAL instability under Indira Gandhi's prime ministership — "the security of India" having been declared "threatened by internal disturbances".

The phrase Emergency period used loosely, when referring to the political history of India, often refers to the third and the most controversial of the three occasions.

The President can declare three types of emergencies:

National emergencyState emergencyFinancial emergency..
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Yes goal for development can be varied 
for example, 
...a farmer wants cheap fertilisers 
...a Labour wants full employment and SATISFACTORY wages 
like wise our parents may want GOOD SCHOOL for us etc, 
so everyone is FREE to choose their goal but cannot snatch others FREEDOM to fulfill own need and goals

Hello buddy..

1. The two HANDS should begin as well as COMPLETE their motions at the same TIME.


2. The two hands should not be idle at the same time EXCEPT during rest periods.


3. Motions of the arms should be made in opposite and symmetrical directions and should be made simultaneously.


4. Hand and body motions should be confined to the lowest classification with which it is possible to perform the work satisfactorily.



5. Momentum should be EMPLOYED to assist the worker wherever possible, and it should be reduced to a minimum if it must be overcome by muscular effort.

This were known principles
Hope it helps you buddy

The law of DEMAND states that, "conditional on  all else being equal, as the price of a  GOOD  INCREASES , quantity demanded decreases , conversely, as the price of a good decreases ,quantity demanded increases ". In other WORDS, the law of demand DESCRIBES an inverse relationship  between price and quantity demanded of a good.  When the price of an apple goes from $0.95 to $0.75, the quantity demanded will go up. Many people who weren't willing to buy apples at $0.95 are now willing to purchase them at $0.75.

The Reserve Bank of India CHECKS that the banks actually a maintain a minimum CASH balance out of the deposits they receive ( currently this is 15 %) . The banks to PERIODICALLY submit information to the Reserve Bank of India on how much they are lending to whom , at what INTEREST RATE , etc .

Investment Capital
Initial investment capital necessary for STARTING a BUSINESS. Investment capital usually consists of inventory, EQUIPMENT, pre-opening EXPENSES and leaseholds.

The DEMOCRATIC Republic of Congo's economic freedom score is 52.1, making its economy the 147th freest in the 2018 INDEX. ... POOR economic management aggravated by repeated POLITICAL CRISES has constrained economic freedom and trapped much of the population in persistent poverty.

No. Because there are DIFFERENT TYPES of MARKET which has there own IMPORTANCE.

●Target Costing=It is an APPROACH to determine a product's life-cycle cost which should be sufficient to develop SPECIFIED functionality and QUALITY, while ensuring its DESIRED profit.
●Benchmarkcosting=It is comparing one's business processes and performance metrics to industry bests and best PRACTICES from other companies. 

Monetarism is an economic theory that focuses on the macroeconomic EFFECTS of the supply of MONEY and central banking. ... FRIEDMAN originally proposed a fixed MONETARY rule, called Friedman's k-percent rule, where themoney supply would be automatically increased by a fixed percentage PER year.

Economy runs on 2 important aspect one is Demand and Other supply .

Let us take a hypothetical situation - A city population with a habit of inculcating non veg food , and there are TWO kind of farmer one whose raise livestock do poultry work where as other grow fruits and vegetables .

Taking the year with good monsoon Rainfall , farmer grows surplus AMOUNT of vegetable say RICE and he goes to market to sell , but nobody is eager to buy the crop.

Now we move to 1st farmer he raised animals like goat , chickens and also COLLECTED eggs in a fixed proportion or number and he sells it at high profit .

Analysing the above scenario , we found since there was surplus rice production even though nobody wanted it and while eggs were limited but earned a huge profit reason is demand as population of city loves to eat meats and eggs hence high demand fixed supply but high economy while no scarcity but no demand no economy ..


I hope you got it ..

This was because of each country is trying to increase it's HUMAN RESOURCES to MAKE thier country BETTER than before

DEAR
Educated parents invest ,more on their child education as-

Education is NECESSARY for OVERALL DEVELOPMENT of child.

Education improves the level of Understanding And improves HUMAN behaviour.

If the child is educated then heshe will be able to achieve their goal.

It contributes TOWARDS the growth of child.
i hope help.you

Above LESSON MEANS what???

Economic Development:

The main objective of Indian planning is to achieve the GOAL of economic development economic development is necessary for under developed countries because they can solve the problems of general poverty, unemployment and backwardness through it.

Economic development is concerned with the increase in per capita income and causes behind this increase.

In order to calculate the economic development of a country, we should take into consideration not only increase in its total production capacity and consumption but also increase in its population. Economic development refers to the raising of the people from inhuman elements like poverty unemployment and ill heath etc.

2. Increase Employment:

ADVERTISEMENTS:

Another objective of the plans is better utilization of man power resource and increasing employment opportunities. Measures have been taken to provide employment to millions of people during plans. It is estimated that by the end of Tenth Plan (2007) 39 crore people will be employed.

3. Self-Sufficient:

It has been the objective of the plans that the country becomes self-sufficient regarding food grains and industrial raw MATERIAL like iron and steel etc. Also, growth is to be self sustained for which RATES of saving and investment are to be raised. With the completion of Third Plan, Indian economy has REACHED the take off stage of development. The main objective of the Tenth Plan is to get rid of dependence on foreign aid by increasing export trade and developing internal resources.

4. Economic Stability:

Stability is as important as growth. It implies absence of frequent end excessive occurrence of inflation and deflation. If the price level rises very high or falls very low, many types of structural imbalances are created in the economy.

Economic stability has been one of the objectives of every Five year plan in India. Some rise in prices is inevitable as a result of economic development, but it should not be out of proportions. However, since the beginning of second plan, the prices have been rising rather considerably.

5. Social Welfare and Services:

ADVERTISEMENTS:

The objective of the five year plans has been to promote labour welfare, economic development of backward classes and social welfare of the poor people. Development of social services like education, health, technical education, scientific advancement etc. has also been the objective of the Plans.

6. Regional Development:

Different regions of India are not economically equally developed. Punjab, Haryana, Gujarat, Maharashtra, Tamil Nadu, Andhra Pradesh etc. are relatively more developed. But U.P., Bihar, Orissa, Nagaland, Meghalaya and H.P. are economically backward. Rapid economic development of backward regions is one of the priorities of five year plans to achieve regional equality.

7. Comprehensive Development:

All round development of the economy is another objective of the five year plans. Development of all economic activities viz. agriculture, industry, transport, power etc. is sought to be simultaneously achieved. First Plan laid emphasis on the development of agriculture. Second plan gave priority to the development of heavy industries. In the Eighth Plan maximum stress was on the development of human resources.

8. To Reduce Economic Inequalities:

Every Plan has aimed at reducing economic inequalities. Economic inequalities are indicative of exploitation and injustice in the country. It results in making the rich richer and the poor poorer. Several measures have been taken in the plans to achieve the objectives of economic equality specially by way of progressive taxation and RESERVATION of jobs for the economically backward classes. The goal of socialistic pattern of society was set in the second plan mainly to achieve this objective.

9. Social Justice:

Another objective of every plan has been to promote social justice. It is possible in two ways, one is to reduce the poverty of the poorest section of the society and the other is to reduce the inequalities of wealth and income. According to Eighth Plan, a person is poor if the spends on consumption less than Rs. 328 per month in rural area and Rs. 454 per month in urban area at 1999-2000 prices. About 26 percent of Indian population lives below poverty line. The tenth plan aims to reduce this to 21%.

10. Increase in Standard of Living:

The other objective of the plan is to increase the standard of living of the people. Standard of living depends on many factors such as per capita increase in income, price stability, equal distribution of income etc. During the period of Plans, the per capita income at current prices has reached only up to Rs. 20988

Human resource is superior to any other resources because of human resource (human ) we can utilize the other resources such IRON ORE it is a NATURAL resource but we can't use it Directly. it should be PROCESSED by humans.

ANSWER:

it's TRUE because total income of a country is not such an USEFUL measure.

Increase quality LEVEL of EDUCATION DECREASED POPULATION decreased crime rate by using powerful and strong justice. and MANY more thing ..........

World bank only use per capita INCOME to classify countries as developed developing and under developing countries where as UNDP uses several other FACTORS like LITERACY rate healthcare facilities ect. which are much important to me PEOPLE effective and healthy

The economic problem – sometimes called the basic or central economic problem – asserts that an economy's finite resources are insufficient to satisfy all human wants and needs. It assumes that human wants are unlimited, but the means to satisfy human wants are limited.

Three questions arise from this:

• What to produce?

• How to produce? &

• For whom to produce?

What to produce?

'What and how much will you produce?' This QUESTION lies with selecting the type of supply and the quantity of the supply, focusing on EFFICIENCY.

e.g. "What should I produce more; laptops or tablets?"

How to produce? Capital goods or consumer goods

'How do you produce this?' This question deals with the assets and procedures used while making the product, also focusing on efficiency.

e.g. "Should I hire more workers, or do I invest in more machinery?"

For whom to produce?

'To whom and how will you distribute the goods?' and 'For whom will you produce this for?' arises from this question. This question deals with DISTRIBUTING goods that have been produced, focusing on efficiency and equity.

e.g. "Do I GIVE more DIVIDENDS to stock holders, or do I increase worker wages?"

Economics revolve around these fundamental economic problems.

Hey mate here is your answer...
......
The RESERVE Bank of India (RBI) has slashed its repo rate by 25 basis points. ... Repo rate is TREATED as the benchmark INTEREST rate as it sets the tone for bank interest rates. ... But how will the repo rate cut and the REST of the third bi-monthly MONETARY policy of the RBI impact....

Credit CREATION by Commercial Banks

A central bank is the primary source of money supply in an economy through circulation of currency.

It ensures the availability of currency for meeting the transaction needs of an economy and facilitating various economic ACTIVITIES, such as production, distribution, and consumption.

However, for this purpose, the central bank needs to depend upon the reserves of commercial banks. These reserves of commercial banks are the secondary source of money supply in an economy. The most important function of a commercial bank is the creation of credit.
Therefore, money supplied by commercial banks is called credit money. Commercial banks create credit by advancing loans and purchasing securities. They lend money to individuals and businesses out of deposits accepted from the public. However, commercial banks cannot use the entire amount of public deposits for lending purposes. They are required to keep a certain amount as reserve with the central bank for SERVING the cash requirements of depositors. After keeping the required amount of reserves, commercial banks can lend the remaining portion of public deposits.

According to Benham’s, “a bank may receive interest simply by permitting customers to overdraw their accounts or by purchasing securities and paying for them with its own cheques, thus increasing the total bank deposits.”

Let us LEARN the process of credit creation by commercial banks with the help of an example.

Suppose you deposit Rs. 10,000 in a bank A, which is the primary deposit of the bank. The cash reserve requirement of the central bank is 10%. In such a case, bank A would keep Rs. 1000 as reserve with the central bank and would use remaining Rs. 9000 for lending purposes.

hi
social Inflation is defined as a sustained increase in general LEVEL of prices of goods and SERVICES.
It's MEASURED as an annual PERCENTAGE INCREASED

1. Narshiman COMMITTEE
2. Urjit PATEL
3. NACHIKET more

Marginal opportunity cost is an economic TERM that analyzes the effect of producing additional units of a product on the costs of a business, as WELL as the opportunities the COMPANIES GIVE up to produce more of a product.

• The basic FUNCTIONS of city ALSO called as city forming activities.
• They involve the MANUFACTURING, processing, or trading of GOODS or the providing of SERVICES for markets located outside the city's bound aries.
• Economic functions of a city servicing nature are called nonbasic functions

What is the QUESTION

Understanding the CONCEPT ofmarginal utility is nothing complicated, but it's something the average person REFUSES to consider. ... Marginal utility of money is the amount of value (HAPPINESS) gained from an increase amount of money AVAILABLE to you.

[Date]


[NAME, COMPANY AND ADDRESS, ex.
Tom Cruise,
COMPANY Inc.,
14 Edith Street,
HACKNEY West,
ZIP POST CODE]

DEAR [NAME, ex. Tom Cruise],

I am writing this letter in an effort to TRANSFER all my funds in the amount of [AMOUNT] from checking account ending in [0000] to [NAME OF PERSON]. Please grant my request at your earliest convenience. If you have any questions or need any additional information, please do not hesitate to CONTACT me. Thank you for your time.

Sincerely,