Renewable Resources: The resources which can be renewed or reproduced by physical, chemical or mechanical processes are known as renewable or replenishable resources. For example, solar and wind energy, water, forests and wildlife, etc. The renewable resource may further be divided into continuous oRead more
Renewable Resources: The resources which can be renewed or reproduced by physical, chemical or mechanical processes are known as renewable or replenishable resources. For example, solar and wind energy, water, forests and wildlife, etc. The renewable resource may further be divided into continuous or flow
Non-Renewable Resources: These occur over a very long geological time. Minerals and fossil fuels are examples of such resources. These resources take millions of years in their formation. Some of the resources like metals are recyclable and some like fossil fuels cannot be recycled and get exhausted with their use.
Resources can classified in four type: (a) On the basis of origin – biotic and abiotic (b) On the basis of exhaustibility – renewable and non-renewable (c) On the basis of ownership – individual, community, national and international (d) On the basis of status of development – potential, developed sRead more
Resources can classified in four type:
(a) On the basis of origin – biotic and abiotic
(b) On the basis of exhaustibility – renewable and non-renewable
(c) On the basis of ownership – individual, community, national and international
(d) On the basis of status of development – potential, developed stock and reserves.
The human being using the process of transformation of things available in our environment involves an interactive relationship between nature, technology and institutions. Human beings interact with nature through technology and create institutions to accelerate their economic development.
The human being using the process of transformation of things available in our environment involves an interactive relationship between nature, technology and institutions. Human beings interact with nature through technology and create institutions to accelerate their economic development.
MNCs set up, or control, production n other countries in the following ways: (i) MNCs set up production on the basic of the following factors: (a) Closeness of the place too the markets. (b) Availability of skilled and unskilled labour at low costs. (c) Availability of other factor of production i.eRead more
MNCs set up, or control, production n other countries in the following ways:
(i) MNCs set up production on the basic of the following factors:
(a) Closeness of the place too the markets.
(b) Availability of skilled and unskilled labour at low costs.
(c) Availability of other factor of production i.e. raw material etc.
(d) Government’s favourable policies.
(ii) After assuring above conditions, MNCs set up factories and offices for production. They but asset such as land, building, machines and other equipments.
Flexibility in labour laws would help companies in the ways as mentioned below: (i) It will help companies in being competitive and progressive. (ii) Flexibility in labour laws can help the companies to decrease their production cost by employing labourers only for short period of time when there iRead more
Flexibility in labour laws would help companies in the ways as mentioned below:
(i) It will help companies in being competitive and progressive.
(ii) Flexibility in labour laws can help the companies to decrease their production cost by employing labourers only for short period of time when there is need instead of employing them for long period of time or yearly basis.
(iii) By easing up on labour laws, company heads (managers) can negotiate wages and terminate employment, depending on market conditions. This will increase the competitiveness of the companies.
(iv) The companies can ask the workers too work overtime when there is more pressure to complete the work.
(i) Globalisation is the process of integration and interaction among the people, companies and government of different nations, a process driven by international trade and investment and aided by information technology. (ii) Under globalisation the countries that hitherto closed to trade and foreigRead more
(i) Globalisation is the process of integration and interaction among the people, companies and government of different nations, a process driven by international trade and investment and aided by information technology.
(ii) Under globalisation the countries that hitherto closed to trade and foreign investment open up their economics and go global. The result is an increasing interconnectedness and integration of economic of the world.
(iii) Under globalisation more and more goods and services, investments and technology are moving between countries.
(iv) In addition to goods, services, investment and technology, there is movement of people who move from one country to another in search of better income, better jobs, or better education.
The facility of cheques against demand deposits make it possible to directly settle payments without the use of cash. Since demand deposits are accepted widely as a means of payments, along with the currency, they constitute money in the modern economy.
The facility of cheques against demand deposits make it possible to directly settle payments without the use of cash. Since demand deposits are accepted widely as a means of payments, along with the currency, they constitute money in the modern economy.
Distinguish the resources on the basis of Exhaustibility?
Renewable Resources: The resources which can be renewed or reproduced by physical, chemical or mechanical processes are known as renewable or replenishable resources. For example, solar and wind energy, water, forests and wildlife, etc. The renewable resource may further be divided into continuous oRead more
Renewable Resources: The resources which can be renewed or reproduced by physical, chemical or mechanical processes are known as renewable or replenishable resources. For example, solar and wind energy, water, forests and wildlife, etc. The renewable resource may further be divided into continuous or flow
See lessNon-Renewable Resources: These occur over a very long geological time. Minerals and fossil fuels are examples of such resources. These resources take millions of years in their formation. Some of the resources like metals are recyclable and some like fossil fuels cannot be recycled and get exhausted with their use.
How many type resources can be classified?
Resources can classified in four type: (a) On the basis of origin – biotic and abiotic (b) On the basis of exhaustibility – renewable and non-renewable (c) On the basis of ownership – individual, community, national and international (d) On the basis of status of development – potential, developed sRead more
Resources can classified in four type:
See less(a) On the basis of origin – biotic and abiotic
(b) On the basis of exhaustibility – renewable and non-renewable
(c) On the basis of ownership – individual, community, national and international
(d) On the basis of status of development – potential, developed stock and reserves.
How human beings support in economic development?
The human being using the process of transformation of things available in our environment involves an interactive relationship between nature, technology and institutions. Human beings interact with nature through technology and create institutions to accelerate their economic development.
The human being using the process of transformation of things available in our environment involves an interactive relationship between nature, technology and institutions. Human beings interact with nature through technology and create institutions to accelerate their economic development.
See lessWhat are the various ways in which MNCs set up, or control, production in other countries?
MNCs set up, or control, production n other countries in the following ways: (i) MNCs set up production on the basic of the following factors: (a) Closeness of the place too the markets. (b) Availability of skilled and unskilled labour at low costs. (c) Availability of other factor of production i.eRead more
MNCs set up, or control, production n other countries in the following ways:
(i) MNCs set up production on the basic of the following factors:
(a) Closeness of the place too the markets.
(b) Availability of skilled and unskilled labour at low costs.
(c) Availability of other factor of production i.e. raw material etc.
(d) Government’s favourable policies.
(ii) After assuring above conditions, MNCs set up factories and offices for production. They but asset such as land, building, machines and other equipments.
See lessHow would flexibility in labour laws help companies?
Flexibility in labour laws would help companies in the ways as mentioned below: (i) It will help companies in being competitive and progressive. (ii) Flexibility in labour laws can help the companies to decrease their production cost by employing labourers only for short period of time when there iRead more
Flexibility in labour laws would help companies in the ways as mentioned below:
(i) It will help companies in being competitive and progressive.
(ii) Flexibility in labour laws can help the companies to decrease their production cost by employing labourers only for short period of time when there is need instead of employing them for long period of time or yearly basis.
(iii) By easing up on labour laws, company heads (managers) can negotiate wages and terminate employment, depending on market conditions. This will increase the competitiveness of the companies.
(iv) The companies can ask the workers too work overtime when there is more pressure to complete the work.
See lessWhat do you understand by globalisation? Explain in your own words.
(i) Globalisation is the process of integration and interaction among the people, companies and government of different nations, a process driven by international trade and investment and aided by information technology. (ii) Under globalisation the countries that hitherto closed to trade and foreigRead more
(i) Globalisation is the process of integration and interaction among the people, companies and government of different nations, a process driven by international trade and investment and aided by information technology.
(ii) Under globalisation the countries that hitherto closed to trade and foreign investment open up their economics and go global. The result is an increasing interconnectedness and integration of economic of the world.
(iii) Under globalisation more and more goods and services, investments and technology are moving between countries.
(iv) In addition to goods, services, investment and technology, there is movement of people who move from one country to another in search of better income, better jobs, or better education.
See lessWhat is the main source of the income of the banks?
The difference between what is charged from the borrowers and what is paid to depositor is the main source of income of the banks.
The difference between what is charged from the borrowers and what is paid to depositor is the main source of income of the banks.
See lessWhy no person can refuse to accept payments in rupee?
No one can refuse to accept payments in rupee because it is a legal currency authorised by the government.
No one can refuse to accept payments in rupee because it is a legal currency authorised by the government.
See lessHow do the demand deposits share the essential features of money?
The facility of cheques against demand deposits make it possible to directly settle payments without the use of cash. Since demand deposits are accepted widely as a means of payments, along with the currency, they constitute money in the modern economy.
The facility of cheques against demand deposits make it possible to directly settle payments without the use of cash. Since demand deposits are accepted widely as a means of payments, along with the currency, they constitute money in the modern economy.
See lessWhat is a cheque?
A cheque is a paper instructing the bank to pay a specific amount from the persons's account to person in whose name the cheque has been made.
A cheque is a paper instructing the bank to pay a specific amount from the persons’s account to person in whose name the cheque has been made.
See less