Explore topic-wise InterviewSolutions in Current Affairs.

Answer:

Structural unemployment is a FORM of involuntary unemployment caused by a MISMATCH between the skills that workers in the economy can offer, and the skills demanded of workers by EMPLOYERS. Structural unemployment is often brought about by technological changes that MAKE the job skills of many workers OBSOLETE

Answer:

Quantity demanded and price are inversely RELATED this means that as the price of the goods increase the DEMAND of that commodity decreases and VICE versa. This is because of the law of diminishing marginal UTILITY.

ANSWER:

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Answer:

Various definitions of 'economics' have been proposed, including the definition of 'economics' as "what economists do".[1]

The earlier TERM for 'economics' was political 'economy'. It is adapted from the French Mercantilist usage of économie politique, which extended economy from the ancient GREEK term for household MANAGEMENT to the national realm as public ADMINISTRATION of the affairs of state.

ANSWER:

ભારત એક વિકાસશીલ દેશ છે. ભારતીય અર્થકારણ વિશ્વના નકશામાં એક આગવી ઓળખ ધરાવે છે કારણકે બ્રિટીશરો પાસેથી મેળવેલી આઝાદી અને ત્યારબાદ અર્થતંત્રને અસ્થિરતામાંથી ઉગારવા જે સરાહનીય પ્રયાસો કરવામાં આવ્યા તે નોંધનીય છે. સ્વતંત્રતા બાદ અર્થતંત્રમાં ઉદભવેલી સમસ્યાઓને દૂર કરી વિકાસ કઈ રીતે સાધવો? તે પ્રશ્નના નિવારણ અર્થે આયોજનનો માર્ગ અપનાવવામાં આવ્યો. આયોજનની શરૂઆતથી વર્તમાન સમય સુધી વિવિધ પ્રયાસો હાથ ધરી દેશની સમસ્યાઓને નિવારવા અથાગ્ પ્રયાસો કરવામાં આવ્યા છે. તેમ છતાં દેશમાં બેરોજગારી અને તેના પરિણામે ગરીબીના ગંભીર પ્રશ્નો છે. ગરીબીની સમસ્યા એ માત્ર વ્યક્તિને જ ગરીબ બનાવતી નથી. પરંતુ દેશને પણ વિકાસના માર્ગે આગળ જતો અટકાવે છે. કારણ જે દેશનું માનવધન જ ગરીબ હોય તે દેશ સમૃદ્ધ કઈ રીતે બની શકે

Explanation:

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ANSWER:

this is SAID by Gandhi ji it means there is enough for every need but there is nothing for ANYONE GREED

<STRONG>Answer:

Hargobind, (born 1595, Wadali, India—died 1644, Kiratpur, near the Himalayas), sixth Sikh Guru, who developed a strong Sikh army and GAVE the Sikh RELIGION its military character, in accord with the instructions of his father, Guru ARJAN (1563–1606), the first Sikh martyr, who had been executed on the order of the ...Oct 3, 2020

ANSWER:

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Answer:

Pandita Ramabai Sarasvati (23 APRIL 1858 – 5 April 1922) female feminist, women's RIGHT & education activist, a pioneer in the education and emancipation of women in INDIA, and a social reformer. ... She was one of the 10 women delegates of the Congress session of 1889.

Answer:

Income is the flow of MONEY that comes into a household from employers, owning a BUSINESS, STATE benefits, rents on PROPERTIES, and so on.

Wealth essentially represents people's SAVINGS and it's typically higher – and spread out more unevenly – than income. Wealth matters but, in some ways, income matters more.

Explanation:

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Explanation:

Fragmented land holdings

It creates DIFFICULTIES for marginal farmers to access credit or new technology, severely AFFECTING farm productivity and their incomes, MAKING them entirely dependent on usurious moneylenders. Lack of non-farm employment opportunities has resulted in excessive dependence on agriculture.

ANSWER:

उत्पादन की प्रारम्भिक अवस्था में उत्पत्ति वृद्धि नियम लागू होता है । जब उत्पत्ति के अधिकांश साधनों को स्थिर रखकर एक साधन की मात्रा को परिवर्तित किया जाता है तब यदि परिवर्तनशील साधन में वृद्धि करने के अनुपात में उत्पादन में वृद्धि होती है तब इसे उत्पत्ति वृद्धि नियम कहा जाता है ।

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ANSWER:

a firm is in equilibrium under perfect competition when MARGINAL COST is EQUAL to price. But for the firm to be in long-run equilibrium, besides marginal cost being equal to price, the price must also be equal to average cost. ... These losses will induce some of the firms to quit the INDUSTRY.

ANSWER:

समावेशी धन की संयुक्त राष्ट्र की परिभाषा में एक मौद्रिक उपाय है जिसमें प्राकृतिक, मानव औरभौतिक संपत्ति का योग शामिल है। प्राकृतिक पूंजी में भूमि, वन, ऊर्जा संसाधन और खनिज शामिल हैं। PLS MARK me as BRAINLIST

Answer:

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Explanation:

Economics is a social science concerned with the PRODUCTION, distribution, and consumption of GOODS and services. ... Economics can generally be broken down into MACROECONOMICS, which concentrates on the behavior of the economy as a whole, and microeconomics, which focuses on INDIVIDUAL people and businesses.

Explanation:

A person is called risk neutral, if he is indifferent between a certain given INCOME and an uncertain income with the same EXPECTED value. An INDIVIDUAL will be risk neutral if his marginal UTILITY of MONEY income remains constant with the increase in his money

Answer:

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Explanation:

A BANK mediates between those who have surplus money and those who need money by allowing both to open accounts with it. ... Those with surplus money are encouraged to invest with the bank and are paid a CERTAIN rate of interest for the same. Those who need LOANS are REQUIRED to PAY an interest on their loans.

ANSWER:

which LANGUAGE is this

Answer:

The Supply CHAIN and its Cycles. A simplistic REPRESENTATION of a supply chain involves a sequence between FIVE stages, from suppliers to the final customer. Each of these stages has its own cycle, which is a sequence of operations and transactions taking PLACE between TWO stages.

Explanation:

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ANSWER:

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Answer:

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Explanation:

In political science, a revolution (Latin: revolutio, "a turn around") is a fundamental and relatively SUDDEN change in political POWER and political organization which OCCURS when the population revolts against the government, typically due to perceived oppression (political, social, economic) or political

ANSWER:

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ANSWER:

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Explanation:

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Answer:

Building CLOTH INDUSTRIES

Explanation:

For development our COUNTRY is industrialised and the value of hand CRAFTS was REDUCED

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Explanation:

The pharmaceutical industry has a number of unusual characteristics, both in its structure and in the nature of its business operations, which are little known outside the industry but which materially affect the PROCESS of bringing new PHARMACEUTICALS to the patient. The development of a new pharmaceutical is very time consuming, extremely costly and high risk, with very little chance of a successful OUTCOME. The process of research and development is described, together with all its challenges, including environmental ones. The commercial REALITIES and constraints of the business, together with its current problems, are discussed, followed by an exploration of some of the likely FUTURE commercial and technical developments in the business, including the development of a greener pharmacy.

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ANSWER:

where is the OPTIONS DEAR

Answer:

concave ppf implies: It implies that increasing marginal OPPORTUNITY COST or increasing MRT. Linear but DOWNWARD sloping ppf- it implies that of SACRIFICE of units of other good is constant that is MRT is constant when all RESOURCES are equally efficient.

Explanation:

The behavioral THEORY of the firm first appeared in the 1963 BOOK A Behavioral Theory of the Firm by Richard M. Cyert and James G. March. The work on the behavioral theory STARTED in 1952 when March, a political SCIENTIST, joined Carnegie Mellon UNIVERSITY, where Cyert was an economist

Answer:

Here TOTAL FIXED Cost is $100 for every time. so, AVC= 10,15,20,25,30,35,40.

ANSWER:

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ANSWER:

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ANSWER:

The green REVOLUTION, a package of high yield variety (HYV) seeds, fertilizers and pesticides, was a planned intervention DESIGNED to raise the production of basic GRAINS and cereals in developing countries, THEREBY making them self-sufficient in food production.

ANSWER:

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ANSWER:

PHYSICS: Science : PSYCHOLOGY:social scinces

Explanation:

Science 1

ANSWER:

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Explanation:

The government TRIES to COMBAT market inequities through REGULATION, taxation, and subsidies. Governments may ALSO intervene in markets to promote general economic FAIRNESS. Maximizing social welfare is one of the most common and best understood reasons for government intervention.

ANSWER:

प्रत्येक सीमित दायित्व साझेदारी में न्यूनतम दो साझेदार आवश्यक होंगे तथा न्यूनतम दो व्यक्तिगत साझेदार होंगे और उनमें से एक भारत का निवासी होना चाहिए। विशिष्ट कार्य हेतु साझेदार के अधिकर एवं कर्त्तव्य अधिनियम के अनुसार होने चाहिए।

Answer:

TRADE barriers are government-induced restrictions on INTERNATIONAL trade. Economists GENERALLY agree that trade barriers are DETRIMENTAL and decrease overall economic efficiency; this can be explained by the theory of comparative advantage.

Explanation:

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Answer:

The 4 ES that should be followed in ORDER to prevent accidents are Engineering, Enforcement, Education and Emergency response. Engineering here means the knowledge of road DESIGNS, lane markings, FOOTPATHS and many more. Education means the INFORMATION about the car parts and it should be used that is enforcement.

Answer:

non PROFIT

EXPLANATION:

as school, college, HOSPITAL,clubs comes under NPO , means not for profit ORGANISATION.

ANSWER:

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Answer:

25 CRORES loss

Explanation:

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Answer:

Discuss why and how inflation expectations are measured

Analyze the impacts of fiscal policy and monetary policy on aggregate supply and aggregate demand

Explain the neoclassical Phillips curve, noting its tradeoff between inflation and unemployment

Identify clear distinctions between neoclassical economics and Keynesian economics

To understand the policy recommendations of the neoclassical economists, it helps to start with the Keynesian perspective. Suppose a decrease in aggregate demand causes the economy to go into recession with high unemployment. The Keynesian response would be to use government policy to stimulate aggregate demand and eliminate the recessionary gap. The neoclassical economists believe that the Keynesian response, while perhaps well intentioned, will not have a good outcome for reasons we will discuss shortly. SINCE the neoclassical economists believe that the economy will correct itself over time, the only advantage of a Keynesian stabilization policy would be to speed up the process and minimize the time that the unemployed are out of work. Is that the likely outcome?

Keynesian macroeconomic policy requires some optimism about the ability of the government to recognize a situation of too little or too much aggregate demand, and to adjust aggregate demand accordingly with the right level of changes in taxes or spending, all enacted in a timely fashion. After all, neoclassical economists argue, it takes government statisticians MONTHS to produce even PRELIMINARY estimates of GDP so that politicians know whether a recession is occurring—and those preliminary estimates MAY be revised substantially later. Moreover, there is the question of timely action. The political process can take more months to enact a tax cut or a spending increase; the amount of those tax or spending changes may be determined as much by political considerations as economic ones; and then the economy will take still more months to put changes in aggregate demand into effect through spending and production. When all of these time lags and political realities are considered, active fiscal policy may fail to address the current problem, and could even make the future economy worse. The average U.S. post-World War II recession has lasted only about a year. By the time government policy kicks in, the recession will likely be over. As a consequence, the only result of government fine-tuning will be to stimulate the economy when it is already recovering (or to contract the economy when it is already falling). In other words, an active macroeconomic policy is likely to exacerbate the cycles rather than dampen them. Indeed, some neoclassical economists believe a large part of the business cycles we observe are due to FLAWED government policy. To learn about this issue further, read the following Clear It Up feature.

Explanation:

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Answer:

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FUNGI are an IMPORTANT organism in human life. They play an important role in MEDICINE by yielding antibiotics, in agriculture by maintaining soil FERTILITY, are consumed as FOOD, and forms the basis of many industries.

Answer:

The consumption function, or Keynesian consumption function, is an ECONOMIC formula that represents the functional relationship between total consumption and gross national income. It was introduced by British economist John Maynard Keynes, who argued the function COULD be used to TRACK and predict total AGGREGATE consumption EXPENDITURES.

India can BUILD the maximum employment opportunities in the AGRICULTURAL SECTOR and its BASED industries. Agriculture is the most LABOUR absorbing sector of the economy. When the efficient and quality packaging happen with agricultural products then it can generate a lot of employment opportunities.

Explanation:

Books To Be Followed

Treat NCERT books like the bible as they are according to the syllabus prescribed by the CBSE. CBSE board exams are entirely based on the prescribed syllabus.

Various reference books are also available in the market which can be referred for more information.

Some renowned reference books for class 12th Economics books are T.S. Grewal, T.R. Jain & V K Ohri and C B Sachdeva.

Students must refer to BYJU’S Commerce Books to achieve 100% marks target.

Don’t Miss:

Class 12 Economics Syllabus

Economics Sample Papers for Class 12

Important QUESTIONS for Class 12 Economics

Economics MCQs for 2020

Definitions & Meanings

Definitions are to be understood properly with the logic and reasoning behind the concept.

To get full marks you need to memorize the definitions after understanding them so that you can write them in the exam properly.

Distinguish Between Questions

There are a lot of Distinguish Between questions which are to be written in tabular form.

Do not forget to show the basis for differences.

Must Read:

Common Abbreviations in Economics

Difference Between Articles In Commerce

Graphs, Tables And Formulas Hold Very Important Position

In Economics Theories are supported by Tabular and Graphical representation along with the formulas which help us to understand the concepts of economics in an easy manner.

Students should practice drawing graphs regularly so that they draw correct shapes of various curves all the time. Use a pencil for this purpose.

Tables are very important and include calculations as well as the application of formulas. You should practice them along with graphs.

Students should NOT mug up those formulas and should understand how that formula is derived and what purpose it is made for. Once you understand the formulas prepare a chapter wise formula sheet and revise them regularly.

Special focus has to be given while practicing tables and graphs.

Important Topics in Economics:

Consumer Protection Act

What is Demand?

Circular Flow of Income

Consumer Equilibrium

Central Problems of an Economy

Numericals

Numericals in Economics are very important for both Micro as well as Macroeconomics.

A lot of questions are asked in the exam from chapters like the elasticity of demand and supply, Revenues and Costs, National income, etc

Practicing them on a regular basis is the must for students.

Notes

You should make your own chapter wise notes.

Concepts which you find DIFFICULT to understand mark them with RED colour.

If you get stuck while solving questions at some typical point you should note those typical points for later revision. It will help you later on in the exam.

Revision

Bring together all your notes, practice registers and formula sheets and start revising as proper Revision is the key for success in any exam.

Allocate the time available between all the chapters and start solving those questions which you found difficult to solve while practicing.

Also revise those concepts which you found hard to understand and marked earlier.

Practice From Past Years’ Papers

Solving past years’ examination papers is the key to success to every topper provided that is done KEEPING the time in mind.

Get a past years’ paper, set your clock and solve that paper within 3 hours.

This practice will help you to manage your time EFFECTIVELY during the examination and thus you will finish your exam in the allotted time.

This practice gives you the idea about the pattern of questions, typology and methodology of how examiners set the question papers.

Solving Sample Papers Is A GREAT Idea

Solving sample papers give a great chance to evaluate your level of understanding of the subject.

There are a lot of sample papers available in the market from different publishers.

Do not forget to solve BYJU’S Economics Sample papers for class 12th