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ECONOMIC:-ECONOMICS is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and NATIONS MAKE choices about how to allocate resources.REAL AND PECUNIARY:-real economies not only BENEFIT the firm by lowering its costs but also enable society on the whole to produce more goods. Pecuniary economies, on the other hand, typically are cost savings that are GENERATED from Market Power

Economies of scale are distinguished into REAL economies and strictly pecuniary economies of scale. Pecuniary economies are economies realized from paying LOWER prices for the factors used in the production and DISTRIBUTION of the PRODUCT, DUE to bulk-buying by the firm as its size increases.Explanation:MARK AS BRAINLIEST ANSWER AND FOLLOW ME.

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As such, real economies not only benefit the firm by lowering its COSTS but also enable society on the WHOLE to PRODUCE more goods. Pecuniary economies, on the other HAND, typically are cost savings that are GENERATED from Market Power.

tion:a central TENDENCY is refers to an average or central value of statistical SIRIES. it's importantit is difficult for any one to understand or remember group of raw data. one would like to know CRITICAL value which represent all the ITEMS in siries such a value is called central tendency or average value plz mark me brainleast or like me one please

Generally, the income elasticity of food demand (i.e. the percentage change in food consumption in RESPONSE to a 1% change in income) is positive but SMALLER than 1, i.e. spending on food INCREASES LESS than proportionally with total expenditures. For poor people, food makes up an important share of household spending.hope its help youExplanation:#dynamite

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Consumer goods are for direct use by the consumers. EXAMPLES: an apple BOUGHT from a SHOP for direct consumption, a TV or a shirt. Producer goods are like inputs to processes which make a consumer GOOD. Example: The same apple when purchased by a manufacturer of bottled apple JUICE becomes a producer goods.

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Meanwhile, the CHARACTERISTICS of poverty are: (1) most of them are living in rural areas; (2) their family size are bigger than the average; (3)Meanwhile, the characteristics of poverty are their main source of income is AGRICULTURAL sector; (4) lack of resources; (5) low QUALITY of human RESOURCE; (6) low income; (7) most of income is used for basic needs; (8) ...

Economic GROWTH is the INCREASE in the real OUTPUT of the country in a particular span of time. Whereas, Economic Development is the increase in the level of production in an economy along enrichment of LIVING standards and the ADVANCEMENT of technology.

The crop area under high yielding varieties of wheat and rice grew CONSIDERABLY during the Green Revolution. The Green Revolution also created plenty of jobs not only for AGRICULTURAL workers but also industrial workers by creating related facilities such as FACTORIES and hydroelectric POWER stations.Explanation:

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s a lot of evidence that agriculture can contribute to poverty reduction beyond a direct effect on farmer's INCOMES. Agricultural development can stimulate economic development outside of the agricultural sector, and lead to higher job and growth creation. Increased productivity of agriculture raises farm incomes, increases food SUPPLY, reduces food prices, and provides greater employment opportunities in both RURAL and urban areas. Higher incomes can increase the consumer demand for goods and services produced by sectors other than agriculture. Such linkages (or the 'multiplier effect') between growth in the agricultural sector and the wider economy has enabled developing countries to diversify to other sectors where growth is higher and wages are better.Diversification outside of agriculture is important to a country's development. This is particularly true in rural areas where about 70% of the world's poorest PEOPLE live (IFAD 2011a). Haggblade et al (2002) estimate that across developing countries, as many as a quarter of the rural population is employed full time outside of agriculture, which constitutes 35-40% of rural incomes. This is not only a pattern amongst the wealthier rural population - the poorest 20% of the population earn an average of 30% of their incomes from non-farm sources (DFID 2005).2.2.1 The agricultural sector in economic growth and transitionThe general pattern for least developed countries who diversify and reduce poverty is:Early stage: agriculture is a large share of gross domestic product (GDP) and food is a high percentage of the poor's expenditure.As agricultural productivity increases, the non-farm sector develops and countries are less DEPENDENT on agriculture for their economy (although this may not occur in all areas of the country, where the non-farm sector is not as well developed).Agricultural growth contributes to wider growth and poverty reduction, to what degree is dependent on the changes in productivity and the size of farms. Increases in land and labour productivity can be central to pro-poor growth. Initially land and labour productivity must rise to reduce poverty, but land productivity should rise faster... to create additional employment on farms which benefits the poor and leads to demand for non-farms goods and services.As growth increases, there are more employment opportunities outside of agriculture, and labour moves outside of agriculture thus wage rates for farm labourers rise. At this stage, it is important to increase labour productivity to maintain food supply and prices.Agricultural productivity can therefore be seen as a first step or engine of growth leading to greater income for a country.

(A) INTERNAL EXPLANATION: internal.

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tion:PREVIOUS RESEARCH suggests that agricultural income GROWTH is more effective in reducing POVERTY than growth in other sectors because: 1) the incidence of poverty tends to be higher in agricultural and rural populations than elsewhere, and 2) most of the POOR live in rural areas and a large share of them depend on

The following are the major problems of health services:1) NEGLECT of Rural Population:2) Emphasis on Culture Method:3) INADEQUATE OUTLAY for Health:4) Social Inequality:5) SHORTAGE of Medical Personnel:6) Medical Research:7) Expensive Health SERVICE:

Drones are more formally known as unmanned aerial vehicles (UAVs) or unmanned aircraft systems (UASes). Essentially, a drone is a FLYING robot that can be REMOTELY controlled or FLY AUTONOMOUSLY through software-controlled flight plans in their embedded systems, WORKING in conjunction with onboard sensors and GPS.

ermediate goods, producer goods or semi-finished PRODUCTS are goods, such as PARTLY finished goods, used as inputs in the production of other goods including final goods. A firm may MAKE and then use intermediate goods, or make and then SELL, or BUY then use them.

(i) Education and health sector can create MASSIVE employment in urban as well as rural areas. PROPER planning needs to strengthen these sectors. Vocational TRAINING also creates massive employment. ... (iii) Promotion of small SCALE industries and self-help groups will create employment in urban areas.Explanation:hope it helps you ❣️

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वुफटीर उद्योगों में प्रायः तकनीक का प्रयोग किया जाता ​है ?लघु एवं वुफटीर उद्योगों में प्रायः तकनीक संसाधनों व कमिर्यों का तथा स्थानीय उपलब्ध सामग्री एवं सरल तकनीक का प्रयोग किया जाताहै , लघु उद्योगों के मामले में अप्रचलित तकनीक के प्रयोग को प्रायः एक गंभीर कमी है।हथकरघा , हस्तशिल्प , कोचर , सेरीकल्चर तथा खादी तथा ग्रामीण उद्योग , लघु स्तरीय उद्योग तथा पावरलूम | उत्पादन कार्य में परम्परागत उपकरणों एवं पुरानी उत्पादन पद्धतियों का ही प्रयोग करते हैं। इसी कारण  उत्पादन कम होता है और दूसरी ओर उत्पादित क्स्तु घटिया किस्म की होती है।

tion:LAND has a broad definition as a factor of production and can take on various forms, from agricultural land to COMMERCIAL real estate to the RESOURCES available from a particular piece of land. Natural resources, such as oil and gold, can be extracted and refined for human consumption from the land. Cultivation of CROPS on land by farmers increases its value and utility. For a group of early French economists called the physiocrats who pre-dated the classical political economists, the land was responsible for generating economic value.While the land is an essential component of most ventures, its importance can diminish or increase based on INDUSTRY. For example, a technology company can easily begin operations with zero investment in land. On the other hand, the land is the most significant investment for a real estate venture.

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10 SMALL BUSINESS IDEAS that Work in Small Towns/VillagesProduction of ORGANIC produce.Poultry farm.Fishery.Milk centre.Wholesale of Fertilisers.Drinking water supply.Retail shops.Flour mill.

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e is what divided a series into ten equal PARTS. It does so by having nine DATA points which are then used to do a DIVISION into 10 DIFFERENT parts. 3. The VARIATE values which are used in the function of dividing the total number of observations into an equal number of parts is known as partition values

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The various ways in which countries can be linked are:By TRADE relations through exports and imports.By exchange of SERVICES such as banking, insurance, shipping, air travel.Through communication over phones and internet.Through general tourism and INCREASING MEDICAL tourism.More items...Explanation:Mark me and follow me.

MNC's play an IMPORTANT role in the globalisation process. They compete with the local producers DIRECTLY even after being miles apart, thus integrating the markets. Their working LEADS to exchange of investments and PRODUCTS which leads to interconnection between diverse COUNTRIES

Classification of DATA is the process of arranging data in groups or classes on the basis of certain PROPERTIES. ... When data is classified on the basis of CHARACTERISTICS which can be measured, it is known as QUANTITATIVE classification.

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