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What is non – plan Expenditure?
Non – plan expenditure refers to the expenditure of the government incurred on routine functioning of the government irrespective of planning or non-planning. For example – expenditure on military, police normal running of government departments.
Non – plan expenditure refers to the expenditure of the government incurred on routine functioning of the government irrespective of planning or non-planning. For example – expenditure on military, police normal running of government departments.
See lessHow efficiency may increase if two firms merge?
It happens when one firm is not efficient, say, because of its obsolete technology. Whereas the other firm is inefficient, say, Because of its poor managerial skill. If both the firms merge, themselves, efficiency will increase in the form of lower cost as it will collectively make use of better tecRead more
It happens when one firm is not efficient, say, because of its obsolete technology. Whereas the other firm is inefficient, say, Because of its poor managerial skill. If both the firms merge, themselves, efficiency will increase in the form of lower cost as it will collectively make use of better technology and better managerial skill.
See lessWhich of the following is correct?
This Third option is correct one. (iii) MC curve cuts AVC at its minimum point
This Third option is correct one.
(iii) MC curve cuts AVC at its minimum point
See lessProduction function is an expression of __________ relationship between inputs and output?
I saw the question is there in NCERT solution for class 9 Economics. There the answer is second option Technical.
I saw the question is there in NCERT solution for class 9 Economics. There the answer is second option Technical.
See lessWhat is Fiduciary Money?
Fiduciary money is accepted as money in the basis of trust that the issuer orders not by the order of government. For example Cheques, Demand drafts, Bills of exchange and more. It is also called non legal tender. Simply because it is optional and receiver is not bound to accept it.
Fiduciary money is accepted as money in the basis of trust that the issuer orders not by the order of government.
For example
Cheques, Demand drafts, Bills of exchange and more. It is also called non legal tender. Simply because it is optional and receiver is not bound to accept it.
See lessWhat will be the effect of a deficit budget on aggregate demand (AD)?
AD curve will increase. This will be the visible effect of deficit budget on aggregate demand.
AD curve will increase. This will be the visible effect of deficit budget on aggregate demand.
See lessDefine High powered Money?
High powered money or monetary base refers to the money produced by Reserve Bank of India or Government of India. In other terms. Total Liability of monetary authority of the country and R.B.I is called High powered money or monetary base of the country. It consist of (i) currency (notes and coins)Read more
High powered money or monetary base refers to the money produced by Reserve Bank of India or Government of India.
In other terms. Total Liability of monetary authority of the country and R.B.I is called High powered money or monetary base of the country.
It consist of (i) currency (notes and coins) in the hands of public(C)
(ii) Cash reserve of commercial banks ( R )
(iii) Other deposits with R.B.I. (O D).
See lessFormula = H = C + R + OD
Which of the following statement is not true for fiscal deficit?
Only correct answer given here is Borrowing from first option.
Only correct answer given here is Borrowing from first option.
See lessWhat is meant by market period?
Market period is a very short period within which firms cannot adjust their output to any change in price. In this case Supply curve is vertical.
Market period is a very short period within which firms cannot adjust their output to any change in price.
See lessIn this case Supply curve is vertical.
Please someone briefly, easily explain the concept of cost Function?
Cost function shows working relation between output and cost of production. It tells that change in output leads to change in cost of production. Here cost is function of output. Cost function is expressed as C = f(q) where C = Cost of production, q = output, f = function.
Cost function shows working relation between output and cost of production. It tells that change in output leads to change in cost of production.
See lessHere cost is function of output. Cost function is expressed as C = f(q) where C = Cost of production, q = output, f = function.